AIG Life Wealth Management, the pensions and investment specialist, has launched a range of fixed period Quarterly Guaranteed Funds.
The Funds enable investors to have a level of participation in stock market investment as well as a chosen capital protection level of 95%, 98%, or 100% capital security. The level of potential stock market growth increases if less capital protection is chosen.
Returns are linked to a choice of the UK, European, Japanese or American stock markets. The funds are available for periods of three months, with the ability to roll over the investment at the end of each quarter.
Mark Hawthorne, sales and marketing director of AIG Life Wealth Management comments: “With recent shifts in the market, we feel it is very important to provide consumers with a product that enables them to gain some benefit from investing in the stock market whilst also limiting the risks associated with such investment.
"These new funds follow the launch of our new Pension and Investment products at the end of last year, and shows our continuing commitment to bringing solutions to the market that meet the changing needs of clients.”
Investors can access the Quarterly Guaranteed Funds through AIG Life Wealth Management’s investment bond or pension bond which have a minimum new investment level of £25,000.
There is an AMC of 1% on the new funds (in addition to the charge for the underlying investment bond or pension bond). However, there are no charges for switching into or out of the funds and no market value adjustments.
Commission is available to IFAs for the underlying product wrapper (investment bond or pension bond) and not the specific funds. No additional commission is paid for selecting the Guaranteed Funds.IFAonline
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