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Life Funds / Friends Provident Life&Pen Ltd

FRIENDS® Wealth Solutions Bond

Key details
Fund range rating fund range rating: 3
Product type Investment Bond
Premium type Single Premium
Fund switching available tick
Income withdrawal facility tick
Self-investment facility cross
Stakeholder plan cross
Loyalty bonus tick
Protected portfolio cross
Funds available within this product 20
Date 09-Nov-09
Notes on special offers: 5%. Any unused withdrawal allowance is carried forward to subsequent years.

Premiums
Minimum amount-Annual n/a
Minimum amount-Monthly premium n/a
Minimum amount-Single premium £10,000
Minimum amount-Transfer premium n/a

Withdrawals
Annual withdrawal without penalty 5.00%

Allocation Rate
  101.25% - 103.00%

Charges
Product annual charges 0.80%
Product exit charges 11% in year 1, reducing to nil after 5 years
Notes: 0.8%-1.7% p.a. depending on funds chosen. If extra FBRC is taken the fund management charge will increase.

Commission
Initial commission 5.25%
Notes: 5.25% (up to 7.25% by negotiation and including online submission enhancement). Commission flexibility is now available through; rebating initial commission to increase client investment; reduce the establishment charge by rebating initial commission and increase the amount of Fund based renewal commission (FBRC).
This product provider's service level

Friends Provident Life&Pen Ltd


User rating:

star rating :



Based on 60 respondent(s)
Customer service rating
Member / Policyholder communications star rating : 4
Administration speed star rating : 4
Administration accuracy star rating : 4
Online services star rating : 4
Group scheme - premium collection star rating : 3