Collective Investment Account (CIA)

When Skandia created the UK’s first fund supermarket, we pioneered an appealing and innovative way for investors to buy and sell collective investment funds from a wide range of fund managers.

Now Skandia Investment Solutions, our market-leading investment platform, brings an even greater level of convenience and simplicity. Our platform enables you to hold and manage all your fund-based investments within a single, consolidated portfolio. It provides an environment where you and your financial adviser can better control your investments; where you can review them, ensure that your investments match your attitude to risk, and take advantage of switching; free of any Skandia charge.

Through the Collective Investment Account you have more than 900 funds to choose from and if the funds you hold in any existing unit trust/OEIC investments are available on our platform you can re-register them free of any initial charge, so you can hold all your investments in one place, giving you more control over them.

The Collective Investment Account is provided by Skandia MultiFUNDS Limited.

Useful literature and information

The Collective Investment Account allows you to invest directly into unit trust and OEIC funds without any limit on the investment amount. This is ideal for investors who do not qualify for an ISA or have reached the maximum limit on their ISA allowance.

Benefits

• You can invest individually, jointly or set up a trustee investment, for corporations and clubs, or for pension trustee investments such as SIPPs, SSASs and FURBS.
• The Collective Investment Account offers you the chance to invest in a choice of over 900 funds all under one roof.
• You can initially invest in up to 50 funds per application, allowing you to spread your investments as you wish, to create a fully diversified portfolio. You can switch between funds, free of any Skandia administration charge, allowing you to react quickly to changes in the market.
• There are no maximum subscriptions.
• It offers you flexibility over how you can take any income and when you would like it.
• You can also view your investments online through our secure client extranet site.

Risks

• The Collective Investment Account is intended as a long-term investment to be held for five or more years. If you withdraw from it, you may not get back the full amount you invested, particularly in the early years.
• The value of shares and units can go down as well as up, and investment growth cannot be guaranteed.

Who is eligible?

• UK, Isle of Man and Jersey and Guernsey residents aged between 18 and 90.

Minimum subscriptions

• Minimum monthly premium: £99 regular monthly.
• Minimum lump sum: £2,500.
• Minimum re-registration amount: £2,500.

Term

• There is no fixed time period for the investment; your CIA can stay invested for as long as you like.

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