Scottish Mutual International (SMI) is waiving its annual management charge on the Complete Investme...
Scottish Mutual International (SMI) is waiving its annual management charge on the Complete Investment Portfolio for investors buying it between 29 July 2002 and 31 December 2002.
The Complete Investment Portfolio is a flexible single premium portfolio bond contract available as a life assurance bond and a capital redemption bond.
The life assurance bond is a whole of life plan providing basic life cover for up to 10 lives while the capital redemption bond is an endowment plan written for 80 years with a guaranteed maturity value.
The special offer will apply until 1 May 2003 and will create an additional return of 0.5%pa. Investors can construct their own personalised portfolio of international funds chosen from a menu of external funds as well as SMI's own internal fund range. A discretionary management service is also available for clients with investment portfolios over £1m.
Tim Nelson, sales director for SMI, said: 'The Complete Investment Portfolio is a product ideally designed to maximise both investment flexibility and tax efficiency and is suited to private, trustee or corporate investors.'
Minimum investment is £100,000, $150,000 or e150,000, but the special offer is not available in increments.
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