Provider AXA Product AXA Investment Bond ' Tiered Allocation IFA Product Yes Min/Max ...
AXA Investment Bond ' Tiered Allocation
Minimum age attained at entry
There is no minimum age restriction.
Maximum age attained at entry
There is no maximum age restriction.
Minimum stand alone single premium (£)
The minimum single stand alone premium is £5,000.
Minimum additional single premium (£)
The minimum additional single premium is £2,000.
Initial charge incorporated in the bid/offer spread (%)
There is no initial charge.
Annual Man Charge (%pa)
The plan carries an annual management charge of 2.35% for 3 years followed by 1% pa thereafter.
Administration fee (%)
There is no administration fee.
Policy fee (£)
There is no policy fee.
Early surrender charge levied
Year 1 9%
Year 2 8%
Year 3 6%
Year 4 3%
Year 5 1%
This charge will not be levied on death or regular withdrawals up of 7.5% per annum.
Investment Investment Allocation
£5,000 - £14,999 100%
£15,000 - £24,999 101%
£25,000 - £49,999 102%
£50,000 - £149,999 102.5%
£150,000 - £249,999 102.75%
£250,000 + 103%
Allocation % £5K
The allocation rate for investments of £5,000 is 100%.
Allocation % £10K
The allocation rate for investments of £10,000 is 100%.
Allocation % £25K
The allocation rate for investments of £25,000 is 102%.
Allocation % £50K
The allocation rate for investments of £50,000 is 102.5%.
No loyalty bonus is paid.
Projected maturity values for £5,000 invested for 5 years
Projected maturity values for £25,000 invested for 5 years
Projected maturity values for £5,000 invested for 10 years
Projected maturity values for £25,000 invested for 10 years
Number of funds available
The following funds are available for investment:
With Profits Income
High Yield Distribution
Index Tracker/Passive Managed funds available
The funds are actively managed.
Externally Managed Funds
There are no externally managed funds available for investment.
Managed fund name
Number of free switches per year
All switches are free of charge.
Charge per fund switch (£)
All switches are free of charge.
Plan can be written on a single life basis
The plan can be written on a single life basis.
Plan can be written on a joint life 1st death basis
The plan cannot be written on a joint life first death basis.
Plan can be written on a joint life 2nd death basis
The plan can be written on a joint life last survivor basis.
Option to split the plan into a cluster of policies
The policy is automatically split into a cluster of 100.
Percentage paid out on death of the life assured
101% of the bid value of the units on day of receipt of official notification (early surrender penalties will not apply).
Fixed sum regular withdrawals available
Fixed sum regular withdrawals are permitted (minimum payment £50).
Regular withdrawals as a fixed percentage of current value
Regular withdrawals are available as a fixed percentage of current value (minimum payment £50).
Withdrawals can be increased automatically
There is no automatic increase option available.
Regular income payment frequencies
Income can be taken monthly, quarterly, half yearly or annually.
Phased investment option available
There is no phased investment option.
Share exchange scheme available
A share exchange scheme is not available.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created