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Life Trust – Longevity Plan

Life Trust

Longevity Plan

Type: Purchased life annuity

Minimum investment: Lump sum £5,000

Minimum age: 18

Income frequency: Annually

Investment choice: Cautious funds – LT Henderson strategic bond, LT Invesco Perpetual monthly income plus, LT JPM cautious total return, balanced funds – LT Gartmore cautious managed, LT Jupiter Merlin balanced portfolio, LT New star managed distribution, growth funds – LT HSBC FTSE 250 index fund, LT M&G global leaders fund, LT Newton managed fund

Charges: Initial up to 5%, annual 1.7-1.95%

Fund switches: Up to three free fund swcthes a year, thereafter £25

Commission: Initial 3%, renewal 0.5% for 10 years, thereafter 0.25% renewal

Tel: 0845 051 8351


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