Pension Management Bond 2
Pension Management Bond 2
The Pension Management Bond 2 is a series of single premium whole of life assurance policies. This is a specific variant established for the purposes of investing into internal funds.
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
| Investments | Open architecture, Discretionary Manager, Investment Adviser |
| Withdrawals | Part Surrenders GBP100 regular withdrawals applied |
| Death Benefit | Surrender Value + GBP100 |
| Surrender | Yes |
| Assignments | Yes - Full only |
| Additional Charges | Adviser charges (not defined) |
| Additional Notes | - |
| Adviser assigned | Broker and Self-Advised |
| Segments | No segmentation rules applied |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. Admin Fee minimums apply |