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Zenith Investment Policy
Zeniths perfect combination: investment flexibility and the freedom to choose.
Zenith gives you financial advantages and preferential services that few
other investors can ever hope to enjoy.
Friends Provident International have designed it specifically for single premium
investments, adding special features to help your capital get the most from
international investment opportunities.
You can choose from a range of high quality funds guided by expert investment
managers. The funds, and the managers, are specially selected to help you
realise all the potential of the worlds fastest growing economies.
Friends Provident International have made it possible for you and / or CSM Ltd
to switch in and out of funds at will, to take advantage of growth opportunities
wherever they arise, to invest in more secure stocks whenever necessary, and to
switch funds as often as you like, currently free of charge.
Friends Provident International introduced single pricing to every fund that you
invest in. So theres no bid/offer spread, no front-end charge. With Zenith,
more of your money is free to work for you. And the more you invest, the more
Friends Provident International add to your premium as a bonus.
Your investments are exempt from income tax, capital gains and corporation tax
deducted at source (so why pay more than you have to?). They are administered in
one of the most secure, stable and confidential of all offshore investment
centres. Zenith is protected by the Isle of Mans comprehensive legislation
which provides an exceptionally high degree of regulation and security. And, for
extra peace of mind, you have the reassurance of knowing that Friends Provident
International Limited is a member of one of the UKs most prestigious financial
organisations.
SPECIAL TERMS AND EASY
SWITCHING HELP YOU GET MORE FROM INVESTMENTS
The funds available to you give you access to some of the worlds leading
investment specialists with consistent records of sound investment performance.
Friends Provident International
have negotiated special terms with them,so you can have access to some of their
top-performing funds whenever you wish.
If you would rather leave the choice - and the management - to an expert, you
are free to appoint CSM Ltd who will act on your behalf and choose funds that
match your own preferred balance of high growth potential, risk and security.
You or CSM Ltd will have the freedom to switch in and out of funds as often as
you like, as the market changes. There is currently no charge for switching so
you can take every opportunity to boost the value of your capital. Such a high
level of flexibility is rarely available to individual investors.
The minimum initial investment is US$15,000, £10,000, 15,000 or HK$120,000.
You can also add to your investments at any time, with US$10,000, £6,667,
10,000 or HK$80,000 or more.
To enable you to spread your investment risk effectively across a range of
secure stocks and high-yield opportunities, Zenith is normally issued as a
cluster of 10 policies of equal amounts. More policies can be issued, subject to
a minimum of US$1,500, £1,000, 1,500 or HK$12,000 per policy, up to a maximum
of 100 policies.
You can access your capital at any time you choose. After the first five
years, surrender is completely free of charge (a penalty may apply if you
withdraw some or all of your capital during the first five years). Or, should
you wish (provided you keep a minimum balance of - currently - US$7,500, £5,000,
7,500 or HK$60,000 in your plan), you can make withdrawals of US$750, £500,
750 or HK$6,000 or more on a monthly, quarterly, termly, half yearly or yearly
basis to provide a regular income. You are also free to encash up to 10% each
year (cumulative) of the initial premium of your plan at any time, free of
charge - or more after the first five years. Again, all we ask is that you keep
a minimum balance of, currently, US$7,500, £5,000, 7,500 or HK$60,000 in your
plan.
As you would expect, there is a built-in death benefit which will pay 101% of
the surrender value of your plan, payable immediately after
Friends Provident International
have received the original policy documents and any other documentation which
may be required. Zenith can also be written jointly on two lives assured with
the death benefit payable on the second death. Optionally, and subject to
additional documentation, Zenith can be written jointly on up to four lives
assured, allowing the plan to remain in force until the death of the last
survivor, when the death benefit is payable.
ACCESS TO SOME OF THE WORLDS TOP-PERFORMING FUNDS
Friends Provident International
Mirror Funds fall into three categories:
International Managed
Specialist
Euro Funds
And all are managed by top investment specialists.
INTERNATIONAL MANAGED
A range of US Dollar and Sterling funds that invest in a mix of international
equities, fixed-interest securities,bonds and currencies. The funds are suitable
for investors seeking an international spread of investment with a bias in
favour of equities.
SPECIALIST FUNDS
Friends Provident International
range of US Dollar and Sterling
Specialist Funds offers investors many advantages:
Specialist expertise
Award-winning expertise from over 25 of the world's leading investment
specialists
Investment management by specialists in specific areas - creating the
potential to achieve even higher capital growth.
Extensive choice
Access to every geographical area - including all major and emerging markets
A wide range of investment vehicles to choose from - equity, alternative
strategy investments, bonds,fixed-interest and managed currency funds.
Easy access
Access to top-performing funds at low investment levels not normally available
to individual investors.
Flexibility
Unlimited switching, currently free of charge, provides the freedom to
capitalise on new opportunities
Ability to construct an investment portfolio tailored to individual risk
profiles
No restrictions on one asset type or one fund manager.
Evolving range
The investment marketplace and our range of funds are continually monitored to
identify new investment opportunities.
EURO FUNDS
A selection of Euro-denominated funds covering equity, bond and fixed-interest
investment vehicles.
RISK PROFILES
Friends Provident International funds are risk graded to help with important
investment decisions.
Funds offering conservative return similar to money market rates
Low-risk funds offering security and potential growth
Funds that take a balanced approach to investment by holding a diverse
portfolio of assets
A more focused equity exposure providing good growth potential with the risk
of short-term volatility
More aggressive funds balancing the risk of high volatility with the potential
for high capital growth.
You or CSM Ltd have complete freedom of choice when it comes to selecting the
funds that you invest in.
You can choose any combination of funds from the three categories, subject to a
maximum of 10. Daily updated fund performance data can be found on the Friends
Provident International website
THE MORE YOU INVEST, THE MORE FRIENDS PROVIDENT INTERNATIONAL INVEST TOO, FOR
YOU
Two especially attractive features of Zenith are the enhanced percentage of your
premium allocated to units (see table, below) and the fact that all funds
you select are single priced. Unlike many other types of investment, there is no
bid/offer spread so your investments are not subject to a front-end charge.
REGULAR WITHDRAWALS
& PARTIAL SURRENDERS
As long as you maintain a minimum set value of your plan of - currently -
US$7,500, £5,000, 7,500 or HK$60,000, you can elect to take regular withdrawals
or encash a proportion of your units at any time.
The minimum regular withdrawal or partial surrender is US$750, £500, 750 or
HK$6,000.
There is no Discontinuance Charge for regular withdrawals or partial surrenders
up to and including 10% each year (cumulative) of your initial premium.
Regular withdrawals or partial surrender within the first five years of more
than 10% each year (cumulative) of your initial premium will be subject to a
Discontinuance Charge equal to 5.0% of the bid value of the amount of withdrawal
or partial surrender in year one, reducing by 1.0% each year to nil after year
five.
FULL SURRENDER
Full surrender within the first five years will be subject to a Discontinuance
Charge equal to 5.0% of the bid value of your plan in year one, reducing by 1.0%
each year to nil after year five, plus any outstanding Establishment Charges.
To surrender your plan, written notice should be sent to Friends Provident
International Limited with the policy documents and all relevant documentation.
Friends Provident International Limited expect to make the proceeds available
normally within 10 working days following receipt of all necessary
documentation, except where the circumstances are beyond Friends Provident
International Limited's control. Friends Provident International Limited must
reserve the right to delay payment of a surrender where this would result in the
need to sell fund assets such as property, which are not always readily
realisable. However, Friends Provident International Limited would invoke this
restriction only in the most extreme circumstances.
Click Here if you would like to discuss opening a
Zenith Investment Policy
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