Endowments

We are Authorised and Regulated by the Financial Services Authority (FSA) and are able to provide fully independent advice.
Our Financial Advisers have a wealth of experience in the financial services arena and are able to provide you with fully independent advice in all aspects of financial planning.

Key Features

A Plan that aims to realise a chosen amount at the end of a specified term. They can be used in conjunction with mortgages or for savings.

Aims

• To repay an amount equal to your mortgage at the end the contribution term.
• If possible, to provide an additional cash sum at the end of the contribution term.
• To repay an amount equal to your mortgage should you die during the contribution term.

Your commitments

• You agree to invest a regular monthly or annual amount throughout the contribution term.
• If you choose a Low Start Option, the regular amount invested will increase in gradual steps over the first five years.
• In order to gain the maximum benefit from the Plan it should run its full term. You should therefore be sure the contribution is an amount you can afford.

Risk factors

• The value of the Plan is not guaranteed and can go up and down depending on investment performance.
• The Plan does not guarantee to repay your mortgage at the end of the term and you would be responsible for any shortfall.
• You may need to increase the regular amount you invest to keep the Plan on target to repay an amount equal to your mortgage.
• The deductions the provider makes for investment management and providing protection benefits may turn out to be higher or lower than anticipated.
• If you stop the Plan in the early years you are unlikely to get back as much as you have paid in.
• If the Plan is linked to a With Profit Fund, there may be some times when the provider may need to apply a deduction, on cashing in, for example. This is called the Market Value Adjustment.
• Future bonus rates are not guaranteed.