Type: Unit-linked individual and group personal pension plans available as a single contribution option or in two regular contribution versions: Optimiser – maximising maturity values or Lifestyler – maximising transfer and paid up values.
Minimum premium: Single – initial £2,000, additions £500. Regular – initial £50 a month or £500 a year, additions £5 a month.
Minimum-maximum ages: 16 – 72.
Fund links: Unitised with-profit, safety net, long gilt portfolio, fixed interest, index linked, secure growth, managed, UK equity, property, pension assured, blue chip tracker, overseas equity, American, Pacific, Japan and European.
Charges: Single – initial – 5 per cent, policy fee – £1.25 a month, annual – 0.625 per cent. Optimiser and Lifestyler – initial – 5 per cent, policy fee – £2.50 a month (£1.75 on paid up plans), annual – 0.625 per cent and plan management charge (Lifestyler only) – 0.375 per cent a year.
Allocation rates: Single – up to £4,999 – 98 per cent, £5,000 to £9,999 – 100 per cent, £10,000 to £14,999 – 101 per cent and £15,000 plus – 102 per cent. Allocation rate is reduced on a sliding scale of 5 per cent in year one reducing by 0.5 per cent a year until 0.5 per cent in year ten for single premiums with 10 years or less to retirement. Optimiser and Lifestyler – 95 per cent.
Minimum term: Two years.
Options: Premium holidays, waiver of premium, free switching, portability between plans, automatic investment strategy.
Special offer: Single premiums – 1 per cent increased allocation.
Offer period: Until further notice.
Commission: Single – 4 per cent plus uplift. Regular – range of commission structures available including, level up to 7 per cent plus uplift, or initial up to 25 per cent of Lautro plus uplift and renewal 2.5 per cent or fund based commission ranging from nil to 1 per cent.
Tel: 01904 452476.