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Pims protection package promotes portfolio power

Scottish Life International is to provide a management portfolio service that allows IFAs&#39 clients to hold their investments under one product.

SLI says its new product, the protected investment management service, brings together all client savings – such as cash, unit trusts, investment trusts, Oeics and capital – to protect the funds from tax liabilities under one management umbrella.

Pims operates as an offshore investment bond, giving investors a range of tax-efficient features which allow individual IFA clients, trustees and pension schemes to reduce tax, administration and capital risk.

Pims also offers a capital protection insurance option with a maximum limit of £1m which can cover any UK-authorised investment fund. Within the package, investors are offered low cost capital investment and four tiers of investment choice.

There are also special discounts and access to a global fund supermarket. Minimum investment isset at £100,000.

SLI marketing director John Allison says: “The range of investment choice under Pims allows intermediaries to build a simple, tax-efficient investment portfolio for their clients tailored to their investment needs.

“Pims insurance offers capital protection to their estate should they die during a stockmarket slump.

“It also offers protect-ion on the value of their portfolio, locking in fund growth and providing people with peace of mind from the worst slumps of the stockmarket.”


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