Past investment products

Below is a list of investment products that are no longer available to new business. Some are still available for additional investments. Please see the relevant product for details.

Portfolio Bond

  • Open for additional investments into existing contracts only. Please note that the charges for additional investments changed from 1 February 2018. Please see the Key Features below for more information.
  • Minimum top up of £5,000.
  • Youngest life assured must be aged 89 or under.
  • No fixed term, but a client should aim to invest any additional investments for five years, ideally longer.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or
    • Natural income.
  • Invest in up to 50 funds at any one time.
  • Has a range of over 120 funds from 20 different fund managers.

The value of an investment can fall as well as rise and a client may get back less than they invest. 

PDF file: Portfolio Bond Key Features for Additional Investments into Existing Contracts only (W13749) PDF size: 102KB  

PDF file: Portfolio Bond Product Guide (W13750) PDF size: 248KB  

PDF file: Portfolio Bond Additional Investment Application Form (W13751) PDF size: 501KB  

PDF file: Portfolio Bond Funds Key Features (W12735) PDF size: 416KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Portfolio Bond (Cofunds)

  • Open for additional investments into existing contracts only. Please note that the charges for additional investments changed from 1 February 2018. Please see the Key Features below for more information.
  • Minimum top up of £5,000.
  • Youngest life assured must be aged 89 or under.
  • No fixed term, but a client should aim to invest any additional investments for five years, ideally longer.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or
    • Natural income.
  • Invest in up to 50 funds at any one time.
  • Has a range of over 120 funds from 20 different fund managers.
  • Integrated with Cofunds platform to help you efficiently manage a client’s investments.

The value of an investment can fall as well as rise and a client may get back less than they invest.

PDF file: Portfolio Bond Key Features for Additional Investments into Existing Contracts only (W13749) PDF size: 102KB  

PDF file: Portfolio Bond (Cofunds) Additional Investments application form (W13774) PDF size: 173KB  

PDF file: Portfolio Bond Funds Key Features (W12735) PDF size: 416KB  

PDF file: Portfolio Bond Product Guide (W13750) PDF size: 248KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Select Portfolio Bond (Pre-RDR)

  • Open for additional investments into existing contracts only. Please note that the charges for additional investments changed from 1 February 2018. Please see the Key Features below for more information.
  • Minimum top up of £5,000.
  • Youngest life assured must be aged 89 or under.
  • No fixed term, but a client should aim to invest any additional investments for five years, ideally longer.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or 
    • Natural income.
  • Invest in up to 50 funds at any one time.
  • Has a range of over 120 funds from 20 different fund managers.

The value of an investment can fall as well as rise and a client may get back less than they invest. 

PDF file: Select Portfolio Bond Additional Investment Application Form (W13792) PDF size: 344KB  

PDF file: Select Portfolio Bond Additional Investments Key Features (W13791) PDF size: 111KB  

PDF file: Select Portfolio Bond and PRIP Funds Key Features (W12664) PDF size: 508KB  

PDF file: Select Portfolio Bond Product Guide (W12663) PDF size: 223KB  

PDF file: Select Portfolio Bond and PRIP Switch Form (W13505) PDF size: 45KB  

Select Portfolio Bond (Post-RDR)

  • Open for additional investments into existing contracts only. 
  • Minimum top up of £5,000.
  • Youngest life assured must be aged 89 or under.
  • No fixed term, but a client should aim to invest any additional investments for five years, ideally longer.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or 
    • Natural income.
  • Invest in up to 50 funds at any one time.
  • Has a range of over 125 funds from 20 different fund managers.

The value of an investment can fall as well as rise and a client may get back less than they invest.

PDF file: Select Portfolio Bond Application Form Post RDR (W13665) PDF size: 406KB  

PDF file: Select Portfolio Bond Funds Key Features Post RDR (W13667) PDF size: 609KB  

PDF file: Select Portfolio Bond Key Features Post RDR (W13666) PDF size: 184KB  

PDF file: Select Portfolio Bond Product Guide Post RDR (W13668) PDF size: 417KB  

PDF file: Select Portfolio Bond and PRIP Switch Form (W13505) PDF size: 45KB  

PDF file: Select Portfolio Bond Facilitated Adviser Charges Guide (W13669) PDF size: 306KB  

With Profits Bond

  • Closed to new business and additional investments.
  • A choice of regular withdrawals:
    • A percentage of the total amount invested,
    • A percentage each year of the fund value,
    • A fixed amount each year, or
    • Bonus linked (for the With Profits Income Bond only), paying income at the interim bonus rate that applies.
  • A market value reduction may apply to regular withdrawals above the applicable interim bonus rate and to all one off withdrawals or switches out of With Profits.
  • You can find information on our With Profits Bonus Declaration here.

The value of an investment can fall as well as rise and a client may get back less than they invest.

PDF file: With Profits Bond Funds Guide (Q23600) PDF size: 116KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Capital Control Bond

  • Closed to new business and additional investments.
  • Your customer's guarantee is stated on their policy schedule. The guarantees available were as follows:
    • Standard 10 Year Capital Guarantee. The guaranteed value on the tenth anniversary is the amount initially invested less any money taken out.1
    • 10 Year Guaranteed Return. The guaranteed value on the tenth anniversary is 10% more than the following amount: the amount initially invested less any money taken out of the bond.1
    • Five Year Capital Guarantee and 10 Year Capital Guarantee. The guaranteed value on the fifth and tenth anniversaries is the amount initially invested less any money taken out of the bond.1
    • Five Year Capital Guarantee and 10 Year Guaranteed Return. The guaranteed value on the fifth anniversary is the amount initially invested less any money taken out of the bond.1 The guaranteed value on the tenth anniversary is 10% more than the following amount: the amount initially invested less any money taken out of the bond.1
  • If the customer cashes in their bond during the claim period, they will receive the greater of the guaranteed value or the cash in value on the date we receive their written request.
  • If the customer doesn't cash in the bond, at the end of the claim period additional units will be added if the cash-in value is less than the guaranteed value. After the end of the claim period, the value of the bond can go up and down.
  • A choice of regular withdrawals:
    • A percentage of the total amount invested,
    • A percentage each year of the fund value,
    • A fixed amount each year, or
    • Bonus linked (for the Capital Control Income Bond only), paying income at the interim bonus rate that applies.
  • A Market Value Reduction may apply to regular withdrawals above the applicable interim bonus rate and to all one off withdrawals or switches out of With Profits.
  • Any guarantees that apply to your customer's bond at a future anniversary will be lost if they move out of With Profits. Please read the Contract Document for full details.

1 The amount taken off will be based on the value of units cancelled including those to cover any Market Value Reduction or early surrender charge.

The value of an investment can fall as well as rise and a customer may get back less than they invest.

You can find information on our With Profits Bonus Declaration here.

PDF file: With Profits Bond Funds Guide (Q23600) PDF size: 116KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Capital Protection Bond

  • Closed to new business and additional investments.
  • Customers will have automatically received the 10 Year Capital Guarantee, and could have selected the 5 Year Capital Guarantee Option at the time of initial investment.
  • The guaranteed value is the amount initially invested less any money taken out.1
  • The guaranteed value only applies if the customer cashes in the whole value of the bond on the relevant anniversary of the bond, or during the next 10 working days.
  • A choice of regular withdrawals:
    • A percentage of the total amount invested,
    • A percentage each year of the fund value,
    • A fixed amount each year, or
    • Bonus linked (for the Capital Protection Income Bond only), paying income at the interim bonus rate that applies.
  • A Market Value Reduction may apply to regular withdrawals above the applicable interim bonus rate, and to all one off withdrawals or switches out of With Profits.
  • Any guarantees applicable to your customer's bond will be lost if they move out of With Profits. Please read the Contract Document for full details.

1 The amount taken off will be based on the value of units cancelled including those to cover any Market Value Reduction or early surrender charge.

The value of an investment can fall as well as rise and a customer may get back less than they invest.

You can find information on our With Profits Bonus Declaration here.

PDF file: With Profits Bond Funds Guide (Q23600) PDF size: 116KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Capital Protection Plus Bond

  • Closed to new business and additional investments.
  • Your customer's guarantee is stated on their policy schedule. The guarantees available were as follows:
    • 10 Year Guaranteed Return. The guaranteed value on the tenth anniversary is 20% more than the following amount: the amount initially invested less any money taken out of the bond.1 The investment would have automatically received the 10 Year Guaranteed Return.
    • 5 Year Guaranteed Return. The guaranteed value on the fifth anniversary is 10% more than the following amount: the amount initially invested less any money taken out of the bond.1
  • The guaranteed value only applies if the customer cashes in the whole value of the bond on the relevant anniversary of the bond, or during the next 10 working days.
  • A choice of regular withdrawals:
    • A percentage of the total amount invested,
    • A percentage each year of the fund value,
    • A fixed amount each year, or
    • Bonus linked (for the Capital Protection Plus Income Bond only), paying income at the interim bonus rate that applies.
  • A Market Value Reduction may apply to regular withdrawals above the applicable interim bonus rate, and to all one off withdrawals or switches out of With Profits.
  • Any guarantees applicable to your customer's bond will be lost if they move out of With Profits. Please read the Contract Document for full details.

1 The amount taken off will be based on the value of units cancelled including those to cover any Market Value Reduction or early surrender charge.

The value of an investment can fall as well as rise and a customer may get back less than they invest.

You can find information on our With Profits Bonus Declaration here.

PDF file: With Profits Bond Funds Guide (Q23600) PDF size: 116KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

Investment Bond

  • Closed to new business and additional investments.
  • Has a range of 15 Legal & General funds.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or
    • Natural income.

The value of an investment can fall as well as rise and a client may get back less than they invest.


PDF file: Investment Bond Funds Key Features (W12715) PDF size: 126KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  



Investment Bond with Death Guarantee

  • Closed to new business and additional investments.
  • Guaranteed death benefit is the original amount of the initial and additional investments, less the amounts originally invested in any policies cashed in.
  • Invest in up to five Legal & General funds.
  • A choice of regular withdrawals:
    • A fixed amount,
    • A percentage of the investment’s value, or
    • Natural income.

The value of an investment can fall as well as rise and a client may get back less than they invest.  


PDF file: Investment Bond Funds Key Features (W12715) PDF size: 126KB  

PDF file: Portfolio Bond, With Profits, Investment Bond and Discounted Gift Scheme Switch Form (W12738) PDF size: 51KB  

 

Discounted Gift Portfolio Bond

  • Closed to new business and additional investments.
  • Used for estate and inheritance tax planning.
  • Could use discretionary or absolute discounted gift trusts.
  • Provides the settlor/donor with fixed regular payments for the rest of their life.

Portfolio Regular Investment Plan

  • Closed to new business and additional investments.
  • Tax favoured regular whole of life savings plan.
  • A way of building up a lump sum over a period of 10 years or more.
  • A range of over 120 funds from 20 fund managers, including Legal & General.
  • Underlying investments taxed but the lump sum can be free from personal taxation.

  PDF file: Select Portfolio Bond and PRIP Funds Key Features (W12664) PDF size: 508KB