Generali International has added six funds to its Vision product and enhanced the range's existing ...
Generali International has added six funds to its Vision product and enhanced the range's existing features.
The six funds are Morgan Stanley European Property, Framlington IP Health, New Star European Growth, Morgan Stanley US Property, New Star UK Dynamic and GAM European Hedge. Switching between the funds is free of charge.
Each fund has been allocated one of five risk categories: low-risk invests in money market, fixed interest and protected funds for risk-averse investors; medium to low-risk investments in global equity and managed funds, with a broad spread of investments; medium-risk investments in equity market funds, giving investors the ability to target a particular geographic region; medium to high-risk investment to specialist investment funds from outside the major markets of the world; and high-risk investments in individual sector and emerging stock market funds.
Enhanced features include extra allocations and reduced minimum top-ups for regular and single premiums and premium holidays.
Domiciled in Guernsey, Vision is sold 50% in the Far East, 25% in the Middle East and 25% in Europe and Latin America.
The minimum investment is £1,200 for the regular premium policy and £5,000 for the single premium. The initial fee is 7% of the premium. Annual management charge for external funds is 0.5%-3%.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected