Pension Management Bond

Pension Management Bond

The Pension Management Bond is a series of single premium whole of life assurance policies.

The premium will be invested in permitted investments selected by the policyholder or by the appointed Investment Manager. The value of the investments will dictate the value of the Bond. The income those investments produce (such as dividends or interest) also increases the value of the Bond.

The Bond is intended for use by Trustees of a recognised pension scheme. Often, although not exclusively, they will be Professional Trustees regulated by the relevant authority in the jurisdiction in which they operate, for example, the Financial Conduct Authority.

Partial or full surrenders can be taken at any time, subject to a minimum surrender of £100. Any surrender, irrespective of value, in the first three years will attract a surrender charge.

Upon the death of the Life Assured as specified in the Policy Schedule, the policy pays the death benefit. The amount paid is equal to 100% of the realised value of the underlying assets plus £100, less any outstanding charges.

Basic Features