LETTING TIME DO ITS WORK
|
|
- Gabriel Sims
- 5 years ago
- Views:
Transcription
1 Long-term INVESTING
2 LETTING TIME DO ITS WORK Please refer to the glossary at the end of this brochure for an explanation of the words highlighted in bold throughout. Invest for the long term We believe that, ideally, investors should plan to invest for at least ten years. Over the long term, share prices tend to reflect the underlying reality of companies and the returns they deliver to shareholders. But over shorter periods, equity markets are rarely smooth and can experience extreme turbulence brought on by catastrophic events or just plain old erratic investor behaviour. Equity markets can overreact to new developments with unpredictable, and sharp, falls and gains in share prices. Second-guessing those shortterm moves is, we believe, a dangerous and potentially expensive game. Market behaviour We looked at how stockmarkets have moved over the past 20 years, both in the UK, as measured by the FTSE All-Share Index, and globally, by the FTSE World Index. To gauge how markets have behaved over short and longer-term periods, we took returns from the start of each month over every single year period (229 in all), every five-year period (181) and every ten-year period (121). In the charts below, we show the average returns per annum over each of these periods for the UK and global markets. We also show the likelihood, on average, of investors having made money or lost money in each. Clearly, the longer investments are held, the lower the risk of losing money. Time, not timing is key Investing a single sum in the equity markets can be highly beneficial if the investor gets the timing just right. But that is very difficult to do in practice. When market conditions become uncertain, investors will be wondering what the best course of action is. It may be tempting to sell existing holdings or delay making new investments and wait until markets feel less volatile and values are low. This strategy is often referred to as market timing. UK equities Global equities % % % Likelihood of gain/loss % 25.3% 74.7% 80.1% 97.5% % Likelihood of gain/loss % 24.5% 75.5% 80.1% 98.3% 0 1-year periods 8.7%* 5-year periods 5.7%* 10-year periods 5.9%* 0 1-year periods 8.4%* 5-year periods 5.7%* 10-year periods 5.5%* *% Average returns per annum *% Average returns per annum Made money Lost money Made money Lost money (Source: Datastream, in sterling, Morningstar, Inc., as at ).
3 But trying to predict market activity over short time periods can be risky and investors are likely to miss some of the best days when gains can be made. An investor who stayed in the market throughout the past 20 years would have earned good returns, well above inflation. If, however, that investor had attempted to time the markets, he or she may have missed the best days and because markets can move sharply over the short term, those days can be very important. Invest regularly Investing at regular intervals can be a good idea to help smooth out the ups and downs of the market. As we said, timing the exact moment to enter or leave the market can be dangerous you run the risk of investing at the top of a market cycle, or exiting at the bottom. Buying continuously means that the average price you pay can be lower than if you d made one lump sum investment. Of course, when the market falls, your existing investment will be worth less. So, over time, regular investments can help smooth out the peaks and troughs. Pound-cost averaging Regular investing also has another benefit, known as pound-cost averaging. This is demonstrated in the following tables, showing the number of shares purchased by a monthly investment of 100 as the relevant share price both rises and falls. As the share price rises, the investor buys fewer shares for each 100 investment and, conversely, more shares as the price falls. This means that, on average, the purchase price paid is lower than the share price over the period. Rising market Investment Share Number of price shares bought Month Month Month Totals Falling market Investment Share Number of price shares bought Month Month Month Totals Average share price: 6.00 / 3 = 2.00 Average price of shares bought: 300 / = 1.64 Source: M&G, for illustrative purposes only. Average share price: 2.00 / 3 = 0.67 Average price of shares bought: 300 / = 0.54 Source: M&G, for illustrative purposes only.
4 Best asset class over the long term Equity (and bond) investments have historically outperformed cash over the long term*. The average annual return on UK investments between 1990 and 2015, adjusted for inflation, is 5.5% for equities, 5.1% for bonds and -0.8% for cash. (Morningstar, Inc., and M&G, as at ). However, although cash offers very little potential for growth or income, it is less risky than equities or bonds. While there is no limit to how much an equity investment can grow, there is also no limit to how much it can fall. This is another reason why equities are best held for the long term. *Please remember that up to 85,000 of your money is secure in a bank or building society unlike a stocks and shares or fixed interest investment (Financial Services Compensation Scheme, as at ). Hold for the long term We believe the pattern of equity returns has been compelling the longer an equity investment has been held, the less likely it has been to lose money, and the more likely to make money. The longer shares are held, the greater the probability they will make a positive return. In other words, letting time do its work has usually been the best approach to equity investment. Please remember that past performance is not a guide to future performance. The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested. 100,000 UK financial history ,000 Winter of discontent Personal computer launched by IBM Big Bang in the City Black Monday Hong Kong handover Credit crunch Iraq War SARS outbreak LTCM bail-out Indexed to 100 1, UK joins EEC Interest rates hit 15% Falklands War Poll tax riots Single European Market begins Berlin Wall comes down Terrorist attacks on the US Tech bubble burst WorldCom files for bankruptcy Lehman Brothers collapse Japanese tsunami Miner s strike Russian financial crisis OPEC puts oil prices up 17% Thatcher leads Tories to power Gulf War 93 Asian financial crisis Black Wednesday Enron files for bankruptcy Apr 15 FTSE All-Share Index MSCI World Index UK savings rate Source: Datastream, in sterling, Morningstar, Inc., as at UK savings rate 2,500+ investment.
5 Advantages of investing for the long term Lower trading fees Relative stability as short-term market price fluctuations tend to smooth out over time Staying invested means you are less likely to make costly mistakes Potential advantages of investing for the long term Rate of return has the potential to be boosted by stock dividends A long-term view lowers your risk Power of compounding Important Information The views expressed in this document should not be taken as a recommendation, advice or forecast. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser. Glossary Bond: A type of security, usually issued by a government or company, which normally pays a fixed rate of interest over a given time period, at the end of which the initial investment is repaid. Equity/Equities: Shares of ownership in a company. Fixed interest: Investments that provide a fixed rate of income or interest, and which repay the initial investment amount at the end of their life. Inflation: The rate of increase in the cost of living. Inflation is usually quoted as an annual percentage, comparing the average price this month with the same month a year earlier. Volatile/Volatility: The degree to which a given security, fund, or index rapidly changes. It is calculated as the degree of deviation from the norm for that type of investment over a given period. The higher the volatility, the riskier the security tends to be.
6 Contact (Financial Advisers) Financial Adviser Helpline * For further information on the M&G fund range, just speak to your usual M&G representative or call our Financial Adviser Helpline. Lines are open Monday to Friday 8.00am to 6.00pm. Investment Sales Team * This team will help if you wish to speak to a Sales Consultant who covers your area. Lines are open Monday to Friday, 9.00am to 5.00pm. Financial Advisers online Access in-depth information on M&G funds, daily prices and fund manager views at our dedicated Financial Adviser website. info@mandg.co.uk us with queries.** iview Investment ideas worth Follow M&G Investments on Twitter. * For your protection calls may be recorded or monitored. Before assisting you with your enquiry, we will ask you to: Identify yourself Provide your firm s FCA number Confirm certain information relating to our mutual customer ** Please note that information contained within an cannot be guaranteed as secure. We advise that you do not include any sensitive information when corresponding with M&G in this way. Contact (Investors) If you have a financial adviser, please contact them for further information on M&G s funds and products, and also for information on how to invest with M&G. If you invest directly with M&G and do not have a financial adviser, you can contact us using the details below. Customer Relations If you have a query regarding your M&G investment, Customer Relations can be contacted from 8.00am to 6.00pm, Monday to Friday, and from 9.00am to 1.00pm on Saturday. Investment Helpline If you would like to make an investment, request further information on a new or additional investment, or want to read more about our products and services, call us from 8.00am to 6.00pm Monday to Friday and from 9.00am to 1.00pm on Saturday. Minicom telephone If you have hearing difficulties, you can contact us on minicom from 9.00am to 5.00pm, Monday to Friday. For security purposes and to improve the quality of our service, we may record and monitor telephone calls. info@mandg.co.uk For information.** literaturerequest@mandg.co.uk For literature.** Write to us at: M&G Customer Relations PO Box 9039 Chelmsford CM99 2XG This Financial Promotion is issued by M&G Securities Limited which is authorised and regulated by the Financial Conduct Authority in the UK and provides investment products. The registered office is Laurence Pountney Hill, London EC4R 0HH. Registered in England No MAY 15 / 48206
An M&G guide. Targeting absolute returns
An M&G guide Targeting absolute returns Targeting absolute returns Making money from investments whatever the conditions, even in a falling market, can be a tall order. It is, however, the overarching
More informationIntroducing the. M&G Absolute Return
Introducing the M&G Absolute Return Bond Fund 2 M&G Absolute Return Bond Fund Introducing the M&G Absolute Return Bond Fund M&G has launched a new fund designed to chart a steady, positive course for its
More informationINVESTMENTS. The M&G guide to. property. Investing Bonds Property Equities Risk Multi-asset investing Income
INVESTMENTS The M&G guide to property Investing Bonds Property Equities Risk Multi-asset investing Income Contents What is commercial property? 3 The benefits of investing in commercial property 4 Property
More informationspin-free guide to investing Investing Risk Equities Bonds Property Income
spin-free guide to investing Investing Risk Equities Bonds Property Income Contents Introduction to spin-free guides 3 Where could you invest? 4 Where you can invest: Bonds 5 Where you can invest: Property
More informationINVESTMENTS. The M&G guide to. equities. Investing Bonds Property Equities Risk Multi-asset investing Income
INVESTMENTS The M&G guide to equities Investing Bonds Property Equities Risk Multi-asset investing Income Contents What are equities? 3 How you could make money from equities 4 Understanding how equities
More informationINVESTMENTS. The M&G guide to. bonds. Investing Bonds Property Equities Risk Multi-asset investing Income
INVESTMENTS The M&G guide to bonds Investing Bonds Property Equities Risk Multi-asset investing Income Contents Explaining the world of bonds 3 Understanding how bond prices can rise or fall 5 The different
More informationActive vs Passive INVESTING
Active vs Passive INVESTING INTRODUCTION Active versus passive. Both are fundamentally different approaches to investment management and each has clear benefits and disadvantages. An understanding and
More informationAdd power to your investment potential Choose an M&G ISA
Add power to your investment potential Choose an M&G ISA Contents What is an ISA?... 3 The key benefits of ISA investing... 4 Reasons to invest in The M&G ISA... 6 What is a Junior ISA?... 7 The key benefits
More informationADD POWER TO YOUR INVESTMENT POTENTIAL, CHOOSE AN M&G ISA
ADD POWER TO YOUR INVESTMENT POTENTIAL, CHOOSE AN M&G ISA 2 CONTENTS What is an ISA? 3 The key benefits of ISA investing 4 Reasons to invest in The M&G ISA 6 What is a Junior ISA? 7 The key benefits of
More informationFor Investment Professionals only INVESTMENTS. Guide to. Fixed Income
For Investment Professionals only INVESTMENTS Guide to Fixed Income 2 Guide to M&G Fixed Income Guide to M&G Fixed Income 3 Introduction As history has shown, there is no best environment for bonds. Government
More informationM&G Stock Transfer Guide. Completing a Stock Transfer Form. Arranging to transfer ownership of an M&G investment.
M&G Stock Transfer Guide Completing a Stock Transfer Form. Arranging to transfer ownership of an M&G investment. Arranging a transfer and completing a Stock Transfer Form To transfer ownership of a holding
More informationM&G Short Dated Corporate Bond Fund
M&G Short Dated Corporate Bond Fund a sub-fund of M&G Investment Funds (2) Annual Short Report May 2017 For the year ended 31 May 2017 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationREADY TO GO THE DISTANCE THE M&G ISA ISA DEADLINE
READY TO GO THE DISTANCE THE M&G ISA 15,240 ISA DEADLINE 5 APRIL 2017 2 www.mandg.co.uk/2017 www.mandg.co.uk/2017 3 THE DEADLINE IS FAST APPROACHING An M&G Individual Savings Account (ISA) could help make
More informationM&G UK Inflation Linked Corporate Bond Fund
M&G UK Inflation Linked Corporate Bond Fund a sub-fund of M&G Investment Funds (10) Interim Short Report September 2017 For the six months ended 30 September 2017 Fund information The Authorised Corporate
More informationFor commission eligibility and FCA product sales data purposes: if you did not provide advice on this sale please tick
M&G OEIC funds Application to invest a lump sum KIID Important Information: Before investing, you should read an up-to-date version of the Key Investor Information Documents (KIIDs) for the fund(s) in
More informationM&G Short Dated Corporate Bond Fund
M&G Short Dated Corporate Bond Fund a sub-fund of M&G Investment Funds (2) Interim Short Report November 2017 For the six months ended 30 November 2017 Fund information The Authorised Corporate Director
More informationFor investment professionals only. A Guide to Listed Infrastructure
For investment professionals only A Guide to Listed Infrastructure INFRASTRUCTURE holds an important place in the fabric of modern society, serving as the backbone of the world economy. As such, we believe
More informationM&G Absolute Return Bond Fund
M&G Absolute Return Bond Fund a sub-fund of M&G Investment Funds (10) Interim Short Report September 2017 For the six months ended 30 September 2017 Fund information The Authorised Corporate Director (ACD)
More informationFor Investment Professionals only M&G Global Target Return Fund
For Investment Professionals only M&G Global Target Return Fund Multi-asset investing for steady target returns M&G s Multi Asset team Over 200 years of combined experience M&G s Multi Asset team was formed
More informationM&G European Corporate Bond Fund
M&G European Corporate Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2017 For the year ended 30 June 2017 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationM&G Strategic Corporate Bond Fund Interim Short Report February 2018 For the six months ended 28 February 2018
M&G Strategic Corporate Bond Fund Interim Short Report February 2018 For the six months ended 28 February 2018 Fund information The Authorised Corporate Director (ACD) of M&G Strategic Corporate Bond Fund
More informationM&G Gilt & Fixed Interest Income Fund
M&G Gilt & Fixed Interest Income Fund a sub-fund of M&G Investment Funds (2) Interim Short Report November 2017 For the six months ended 30 November 2017 Fund information The Authorised Corporate Director
More informationM&G Global Government Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2018 For the year ended 30 June 2018
M&G Global Government Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2018 For the year ended 30 June 2018 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationspin-free guide to bonds Investing Risk Equities Bonds Property Income
spin-free guide to bonds Investing Risk Equities Bonds Property Income Contents Explaining the world of bonds 3 Understanding how bond prices can rise or fall 5 The different types of bonds 8 Bonds compared
More informationM&G European High Yield Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2018 For the year ended 30 June 2018
M&G European High Yield Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2018 For the year ended 30 June 2018 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationWhen an M&G investor dies
When an M&G investor dies We have produced this booklet to help those handling financial arrangements after an M&G investor has died. We intend this booklet to support, rather than replace, our personal
More informationFor commission eligibility and FCA product sales data purposes: if you did not provide advice on this sale please tick. FCA number
The M&G ISA Application to transfer your ISA(s) to M&G from another ISA manager KIID MGSL This form can be used to: transfer both previous and current tax year ISA contributions to M&G from another ISA
More informationM&G Adviser reference number
The M&G ISA Application for tax year ending 5 April 20 Y Y KIID MGSL This form: can be used to invest in The M&G ISA for the first time can be used to make an additional subscription to your M&G ISA, and
More informationM&G Corporate Bond Fund
M&G Corporate Bond Fund a sub-fund of M&G Investment Funds (3) Annual Short Report June 2017 For the year ended 30 June 2017 Fund information The Authorised Corporate Director (ACD) of M&G Investment Funds
More informationM&G Episode Macro Fund a sub-fund of M&G Investment Funds (5) Interim Short Report June 2018 For the six months ended 30 June 2018
M&G Episode Macro Fund a sub-fund of M&G Investment Funds (5) Interim Short Report June 2018 For the six months ended 30 June 2018 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationA Guide to the Prudential Individual Savings Account (ISA) Your questions answered
A Guide to the Prudential Individual Savings Account (ISA) Your questions answered Prudential ISA The Prudential ISA combines tax-efficient investment with access to the PruFund funds and Open-Ended Investment
More informationM&G Strategic Corporate Bond Fund. Interim Short Report February 2017 For the six months ended 28 February 2017
M&G Strategic Corporate Bond Fund Interim Short Report February 2017 For the six months ended 28 February 2017 Fund information The Authorised Corporate Director (ACD) of M&G Strategic Corporate Bond Fund
More informationM&G Global High Yield Bond Fund
M&G Global High Yield Bond Fund a sub-fund of M&G Investment Funds (2) Interim Short Report November 2017 For the six months ended 30 November 2017 Fund information The Authorised Corporate Director (ACD)
More informationM&G Global Convertibles Fund
M&G Global Convertibles Fund a sub-fund of M&G Investment Funds (7) Interim Short Report July 2017 For the six months ended 31 July 2017 Fund information The Authorised Corporate Director (ACD) of M&G
More informationPruFund range of funds
PruFund range of funds Prudential Financial Planning 2 The Market Context Keeping all your savings in a deposit account or cash investment is secure and may be easy to access. However Returns can be low
More informationweathering uncertain markets learning from the past, positioning for the future
weathering uncertain markets learning from the past, positioning for the future Managing an investment portfolio has always been challenging, and the most recent market cycle has tested investors commitment
More informationWhen an M&G investor dies
When an M&G investor dies We have produced this booklet to help those handling financial arrangements after an M&G investor has died. We intend this booklet to support, rather than replace, our personal
More informationM&G Emerging Markets Bond Fund
M&G Emerging Markets Bond Fund a sub-fund of M&G Investment Funds (3) Interim Short Report December 2017 For the six months ended 31 December 2017 Fund information The Authorised Corporate Director (ACD)
More informationNovember Meeting your income goals in retirement INVESTMENTS
November 2018 Meeting your income goals in retirement INVESTMENTS www.mandg.co.uk 3 Contents This guide is designed to help you understand what options are available in retirement and how you can generate
More informationA Beginner s Guide to Investing
A Beginner s Guide to Investing www.lonsdaleservices.co.uk 1 Contents 4 What are investments? 4 What is a portfolio? 4 What choice of asset classes do you have? 5 What is a stock market and how does it
More informationM&G Global High Yield Bond Fund
M&G Global High Yield Bond Fund a sub-fund of M&G Investment Funds (2) Annual Short Report May 2017 For the year ended 31 May 2017 Fund information The Authorised Corporate Director (ACD) of M&G Investment
More informationThinking of cashing-in your Plan? Please think about the alternatives first
Thinking of cashing-in your Plan? Please think about the alternatives first We know you re thinking about cashing-in your plan, but before you go ahead you may want to consider some other choices. Please
More informationA guide to reviewing your investments
December 2015 Additional Voluntary Contribution Scheme A guide to reviewing your investments Contents Additional Voluntary Contributions (AVCs) A reminder of how AVCs work. 2 Step 1: A brief guide to investments
More informationQuarterly market summary
Quarterly market summary 4th Quarter 2016 Economic overview Economies around the world appear to be relatively resilient, with data signalling that in many countries, economic activities are expanding
More informationYOUR INTEREST ONLY MORTGAGE DIFFERENT METHODS OF REPAYING YOUR MORTGAGE. Provided by Scottish Widows Bank
YOUR INTEREST ONLY MORTGAGE Provided by Scottish Widows Bank DIFFERENT METHODS OF REPAYING YOUR MORTGAGE DIFFERENT METHODS OF REPAYING YOUR MORTGAGE INTEREST ONLY An interest only mortgage means that the
More informationThis Circular is important and requires your immediate attention
This Circular is important and requires your immediate attention If you are in any doubt as to the action to be taken please call our Customer Relations team free on 0800 390 390 or consult your financial
More informationIMPORTANT FUND INFORMATION.
INVESTOR PORTFOLIO SERVICE (IPS) IMPORTANT FUND INFORMATION. NATIONWIDE This guide gives you further information about each fund available from IPS and supports the Key Investor Information Document. 2
More informationWORKSAVE ISA: THE BASICS.
WORKSAVE ISA WORKSAVE ISA: THE BASICS. This brochure provides an overview of investments and describes the main features of the WorkSave ISA product. INSURANCE. SAVINGS. INVESTMENT management. CONTENTS
More informationA guide to your new Prudential Annuity
A guide to your new Prudential Annuity > Thank you for choosing Prudential to provide your pension annuity. You might be receiving your pension directly from us or we are paying it on behalf of your pension
More informationGuide to Risk and Investment - Novia
www.canaccord.com/uk Guide to Risk and Investment - Novia This document is important. Its purpose is to help with understanding investment in financial markets, the associated risks and the potential returns.
More informationM&G Global Listed Infrastructure Fund a sub-fund of M&G Investment Funds (10) Annual Short Report March 2018 For the period ended 31 March 2018
M&G Global Listed Infrastructure Fund a sub-fund of M&G Investment Funds (10) Annual Short Report March 2018 For the period ended 31 March 2018 Fund information The Authorised Corporate Director (ACD)
More informationM&G Managed Fund. M&G Investment Funds (4) Annual Short Report December For the year ended 31 October 2010
M&G Investment Funds (4) Annual Short Report December 2010 For the year ended 31 October 2010 M&G Managed Fund a sub-fund of M&G Investment Funds (4) AUTHORISED CORPORATE DIRECTOR S REPORT Investment objective
More informationQuarterly market summary
Quarterly market summary 4th Quarter 2017 Economic overview Further evidence of synchronised global economic improvement was signalled by higher measures of economic activity and company profits, along
More informationLegal & General FTSE Bonus Capital Protected Plan 2
Legal & General FTSE Bonus Capital Protected Plan 2 Your opportunity to benefit from potential growth in the FTSE 100 Index with capital protection at maturity Offer open from 10 May to 2 July 2010 Plan
More informationThe Metal Box Pension Scheme and AVC Plan Investment Guide
The Metal Box Pension Scheme and AVC Plan Investment Guide June 2007 A Glossary of special pension terms used in this booklet can be found on the fold-out flap at the back Contents Introduction 2 What
More informationThe Merrion Multi-Asset Fund Range. Retirement Investments Insurance
The Merrion Multi-Asset Fund Range Retirement Investments Insurance The Merrion Multi-Asset Fund Range 1 Ready-made portfolio funds for the cautious, balanced and adventurous investor. There are three
More informationPremier Personal Pension Plan
Premier Personal Pension Plan Key Features Please read this document along with your personal illustration (if you have one) before you decide to buy this plan. It's important you understand how Premier
More informationM&G Global Floating Rate High Yield Fund
M&G Global Floating Rate High Yield Fund a sub-fund of M&G Investment Funds (7) Interim Short Report July 2017 For the six months ended 31 July 2017 Fund information The Authorised Corporate Director (ACD)
More informationYour With-Profits Plan a guide to how we manage the Fund Former Equitable Life Assurance Society With-Profits Annuities effective from 1 January 2008
Your With-Profits Plan a guide to how we manage the Fund Former Equitable Life Assurance Society With-Profits Annuities effective from 1 January 2008 Your With-Profits Plan is a medium to long-term investment
More informationLatest news about the fund, what it invests in and how it performed in the three months to the end of June 2017
All data as at unless otherwise stated. My Future (NGP) Second quarter 2017 Latest news about the fund, what it invests in and how it performed in the three months the end of June 2017
More informationImportant information. AVC (Additional Voluntary Contribution) Key Features Illustration
Important information AVC (Additional Voluntary Contribution) Key Features Illustration About this Key Features Illustration The Financial Conduct Authority is a financial services regulator. It requires
More informationQuarterly market summary
Quarterly market summary 1st Quarter 2017 Economic overview Data appears to signal that economic activity is picking up around the world, with many forecasts for growth being revised upwards. This has
More informationINVESTOR PORTFOLIO SERVICE (IPS) IMPORTANT FUND INFORMATION.
INVESTOR PORTFOLIO SERVICE (IPS) IMPORTANT FUND INFORMATION. This guide gives you further information about each fund available from IPS and supports the Key Investor Information Document. 2 IMPORTANT
More informationKEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP)
KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP) The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information
More informationAims of this guide. Further Information. Glossary
Your With-Profits Plan a guide to how we manage the Fund Unitised With-Profits Plans originally issued by Scottish Amicable Life Assurance Society (SALAS) Your With-Profits Plan is a medium to long term
More informationInvestment risk Balancing investment risk and potential reward
Investment risk Balancing investment risk and potential reward This guide has been produced for educational purposes only and should not be regarded as a substitute for investment advice. Vanguard Asset
More informationBNY MELLON LONG-TERM GLOBAL EQUITY FUND
Key Investor Information This document provides you with key investor information about this Fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationYour With-Profits Plan a guide to how we manage the Fund Prudential Unitised With-Profits Plans and Cash Accumulation Plans
Your With-Profits Plan a guide to how we manage the Fund Prudential Unitised With-Profits Plans and Cash Accumulation Plans Your With-Profits Plan is a medium to long term investment that: combines your
More informationHow contributions are invested
How contributions are invested This guide explains how contributions will be invested. Please read it alongside the Key features document. This guide was produced in September 2017. Contents Where are
More information> What's a with-profits plan? > How does our With-Profits Fund work? > What are bonuses? > How are regular bonuses worked out?
Your With-Profits Plan a guide to how we manage the Fund Unitised With-Profits Plans originally issued by Scottish Amicable Life Assurance Society (SALAS) Your With-Profits Plan is a medium to long-term
More informationYour risk meter. WorkSave Pension Plan/ Trustee Buy Out Plan
Your risk meter WorkSave Pension Plan/ Trustee Buy Out Plan Your risk meter Contents Contents Risk rating of our funds 3 ratings and their definitions 4 The spectrum of risk 6 Your risk meter 7 2 Your
More informationKey Features of the Personal Investment Plan. Additional payments to plans set up before 28th June Important information you need to read.
Key Features of the Personal Investment Plan Additional payments to plans set up before 28th June 2010. Important information you need to read. Important information The Personal Investment Plan is provided
More informationPerformance dependent on the FTSE 100 Index. The plan will invest in securities issued by Abbey National Treasury Services plc.
Legal & General Growth Plan 1 KEY FEATURES OF THE Legal & General Growth Plan 1. Performance dependent on the FTSE 100 Index Capital is not guaranteed Offer open 27 June TO 19 AUGUST 2011 The plan will
More informationYour guide to retirement savings and fund choices. The Merck Group 2006 Pension Scheme
Your guide to retirement savings and fund choices The Merck Group 2006 Pension Scheme Contents What is The Merck Group 2006 Pension Scheme (the plan)? 3 Can I rely on the State alone? 4 What are my alternatives?
More informationCode of Practice. Services. for pre-payment customers
Services for pre-payment customers Contents 2 Introduction 2 When will a prepayment meter be installed in your home? 3 How to use your prepayment meter 3 Where to make payments 3 What happens if the machine
More informationINVESTING FOR SUCCESS. Perspective on market behaviour over the short and long term
INVESTING FOR SUCCESS Perspective on market behaviour over the short and long term 815555.2.0 Focus on the big picture 40 years of returns examined Many events have affected markets in the past; however,
More informationPrudential s With Profits Funds Key Fund Information. For adviser use only not to be distributed or relied upon by retail clients.
Prudential s With Profits Funds Key Fund Information For adviser use only not to be distributed or relied upon by retail clients. In giving your clients advice, you as the adviser, will have carefully
More informationLegal & General Capital Protected FTSE Bonus Plus Plan 1
Legal & General Capital Protected FTSE Bonus Plus Plan 1 Your opportunity to benefit from potential growth in the FTSE 100 Index with capital protection at maturity Offer open from 25 November 2009 to
More informationInvesting for income. A guide to broadening your income horizons
Investing for income A guide to broadening your income horizons TABLE OF CONTENTS Welcome to our little guide 3 Seeking income in a low rate environment 4 Putting your savings to work 6 Broaden your income
More informationBAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY AVC GUIDE MARCH 2015
BAE SYSTEMS PENSIONS BECAUSE PLANNING IS PART OF THE JOURNEY AVC GUIDE MARCH 2015 CONTENTS Paying AVCs 3 I know what I can afford to pay, but is it enough? 4 What should you be aiming to achieve through
More informationEQUITIES. Making the most of the market s long-term potential
EQUITIES Making the most of the market s long-term potential Three things to know about the stock market 1 It s one of the best ways to build wealth Stocks have outpaced bonds and inflation over time,
More informationInnovative Finance ISA Key Information
Innovative Finance ISA Key Information April 2018 The purpose of this ISA Investor Key Information document is to focus your attention on some of the important things you should know before deciding to
More informationKey Features of the Premier Group Personal Pension
Key Features of the Premier Group Personal Pension Please read this document along with your personal illustration (if you have one) before you decide to buy this plan. It's important you understand how
More informationA GUIDE TO HOW WE MANAGE YOUR CONVENTIONAL WITH PROFITS INVESTMENT AN INTRODUCTION TO CONVENTIONAL WITH PROFITS.
A GUIDE TO HOW WE MANAGE YOUR CONVENTIONAL WITH PROFITS INVESTMENT AN INTRODUCTION TO CONVENTIONAL WITH PROFITS. This is an important document that you should read and keep. 2 AN INTRODUCTION TO CONVENTIONAL
More informationSuper tips for your 50s
AUSTRALIA POST SUPER SCHEME Insight News from the Australia Post Superannuation Scheme Quarter ending June 2015 Super tips for your 50s INSIDE THIS EDITION Investment results for the quarter ending 30
More informationKey Features of the Prudence Bond and Prudence Managed Investment Bond (No Initial Charge Option) Top-Up Investment
Key Features of the Prudence Bond and Prudence Managed Investment Bond (No Initial Charge Option) Top-Up Investment Please read this document along with your personal illustration (if you have one) before
More informationPRODUCT KEY FACTS M&G Investment Funds (1) M&G Global Basics Fund
PRODUCT KEY FACTS M&G Investment Funds (1) M&G Global Basics Fund Issuer: M&G Securities Limited 26 February 2016 This statement provides you with key information about M&G Global Basics Fund (the Sub-Fund
More informationSchroder US Mid Cap Fund an Authorised Unit Trust of Schroder Unit Trusts Limited Class L Accumulation GBP (GB00BDD2JX95)
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationLloyd s Register Superannuation Fund Association Defined Contribution Section. Investment guide for members
Lloyd s Register Superannuation Fund Association Defined Contribution Section Investment guide for members This document is a guide to the scheme as at December 2014. Contents Introduction page 4 Understanding
More informationKey Features of the Prudence Bond and Prudence Managed Investment Bond (Establishment Charge Option) Top-up Investment
Key Features of the Prudence Bond and Prudence Managed Investment Bond (Establishment Charge Option) Top-up Investment Please read this document along with your personal illustration (if you have one)
More informationPerformance dependent on the FTSE 100 Index. Offer open 28 AugUSt 2012 to 19 October 2012
Legal & General 3 Year Growth Plan 1 KEY FeatURES OF the Legal & General 3 Year Growth Plan 1. Performance dependent on the FTSE 100 Index YOUR CAPItaL IS NOT GUaranteed AND YOU MAY get BacK LESS THAN
More informationHSBC Life Based Personal and Executive Pension. Investment Guide
HSBC Life Based Personal and Executive Pension Investment Guide 2 HSBC Life Based Personal and Executive Pension One of the most important choices you make about your pension plan is how your money is
More informationA guide to how we manage your unitised. with profits. investment. This is an important document that you should read and keep.
with profits an introduction to unitised with FUND profits GUIDE 1 A guide to how we manage your unitised with profits investment. This is an important document that you should read and keep. 2 An introduction
More informationIMPORTANT FUND INFORMATION.
INVESTOR PORTFOLIO SERVICE (IPS) IMPORTANT FUND INFORMATION. PANEL B This guide gives you further information about funds that were previously available and supports the Key Investor Information Document.
More informationKey Investor Information
Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and
More informationSELF-INVESTED PERSONAL PENSION (SIPP)
SELF-INVESTED PERSONAL PENSION (SIPP) About Us Logic Investments is an independent advisor providing stockbroking and investment management services to private investors, pension trusts and corporations.
More informationKeY FeatUreS of the LegaL & general growth PLan 7.
LegaL & general growth PLan 7 KeY FeatUreS of the LegaL & general growth PLan 7. PerFormance dependent on the FtSe 100 Index YoUr capital IS not guaranteed and YoU may get BacK LeSS than YoU InVeSted offer
More informationINVESTING WITH CONFIDENCE AN INVESTOR GUIDE
INVESTING WITH CONFIDENCE AN INVESTOR GUIDE INVESTING WITH CONFIDENCE 1 I WANT TO MAKE THE RIGHT INVESTMENT CHOICES We will guide you through the whole investment process, helping you to think through
More informationKey Features of the Prudential Stakeholder Pension Plan for Salary Sacrifice Schemes only
Key Features of the Prudential Stakeholder Pension Plan for Salary Sacrifice Schemes only Please read this document along with your personal illustration (if you have one) before you decide to buy this
More informationPENSIONS Lafarge UK Pension Plan PensionBuilder plus CONTENTS 1
PENSIONS Lafarge UK Pension Plan PensionBuilderplus PensionsINVESTMENTS A guide to investing your personal investment account and AVCs January 2017 CONTENTS 1 Contents INTRODUCTION JARGON-BUSTER INVESTMENTS
More information