Premier Bond 3 Q&As
History
Q Under which brand was the Premier Bond 3 originally sold? A The Premier Bond 3 was originally sold under the Clerical Medical International brand. RL360 Group completed the acquisition of Clerical Medical International in November 2015, and Premier Bond policies are now administered under RL360° Services.
Q How long was the Premier Bond 3 designed to be held?
A The Premier Bond 3 was designed as a medium to long-term investment, and should therefore be held for a minimum of 5 years or more.
Changing the policy
Q Can the policy basis be changed after issue?
A No. The policy basis cannot be changed after issue.
Q Can the policy currency be changed?
A No. The policy currency must remain the same as the currency selected at application stage.
Funds
Q What funds can I choose?
A You can choose from a range of investment funds or offshore with-profits funds. We provide a Fund Centre and With-Profits pages to keep you informed about the fund range and their past performance.
Q Do I get charged for changing funds?
A You may switch funds up to 12 times in any calendar year, free of charge. If you request more than 12 switches, you will be charged 1% of the value of your switch, subject to a minimum charge of £10 and a maximum charge of £250.
If you are switching out of an Offshore With-Profits Fund a market value adjuster (MVA) may apply.
Q Can I hold assets such as stocks, shares, cash deposits and structured products within my policy?
A No. You can only access the funds available in the Premier Bond 3 fund range.
Q Who is responsible for my fund choices?
A You or the company you nominate to act on your behalf. RL360° Services does not provide investment advice and will not provide you with guidance as to which funds are suitable for you.
Withdrawals
Q Can I take withdrawals from my Premier Bond 3?
A Yes. You can take regular withdrawals subject to a minimum of £200 ($300 or €300) and a maximum of 10% of your premiums paid per policy year.
We recommend you discuss the tax implications of taking withdrawals with your financial adviser.
Online Services
Q Can I view the performance of my Premier Bond 3 online?
A RL360° provides online access for it's own policyholders and we fully intend to provide RL360° Services policyholders with online access too, in due course.