Offshore Collective Investment Bond

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.

The Offshore Collective Investment Bond provides you with access to a tax-efficient method of investing, together with complete flexibility over fund choice and product features. The Skandia Investment Solutions platform offers access to over 900 funds, all under one roof.

Useful literature and information

The Offshore Collective Investment Bond is provided by Old Mutual International (Guernsey) Limited and distributed in the UK by Skandia MultiFUNDS Limited.

Benefits

• The Offshore Collective Investment Bond offers you the chance to invest in a choice of over 900 funds all under one roof.
• You can 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 administration charge, allowing you to react quickly to changes in the market.
• You can withdraw up to 10% of your original investment each year (up to a maximum of 100% after 20 years), and you can choose the months you would like it.
• This bond gives you automatic life cover which will pay 101% of the selling price of the bond. It can be taken by an individual or on a joint-life basis. If taken on a joint-life basis you can choose for the policy to pay out when either the first or the second person dies.
• You can also access your investments online through our secure client extranet site.

Risks

• A bond 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.
• Tax rules can change at any time, which may affect your investment.
• The value of shares and units can go down as well as up, and investment growth cannot be guaranteed.
• Some or all respects of the regulatory system applying to this bond, including compensation arrangements, are different to those applying to firms established in the UK, in particular the availability of the UK Financial Services Compensation Scheme.

Who is eligible?

• UK investors aged between 18 and 80.

Minimum and maximum subscriptions

• Minimum lump sum: £10,000 (no maximum).

Term

• There is no fixed time period for the investment. Your bond can stay invested for as long as you like.
  

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Information on this website is not intended for Hong Kong residents. Information on this website about Skandia Group Companies is intended for UK residents only, unless it relates to Royal Skandia, Skandia Life Norge or Suomen Sivuliike. Skandia Group companies do not offer investment advice and no information on this website should be construed as such.

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