Product Profile of the Month

September 2009

Product Provider - AXA Isle of Man Limited

Product Name - International Portfolio Bond
Single or Regular Premium - Single Premium Investment Bond
Target Audience - UK Residents
Jurisdiction - Dublin in the Republic of Ireland
Website link - www.axa-international.com/axalifeeurope

Product Description*:

The International Portfolio Bond is a single premium investment bond available to UK residents, designed for medium to long term investments of at least 5 to 10 years or longer. The minimum investment is £15,000 (or currency equivalent) for Family or Select funds or £50,000 if invested in External funds (Open Architecture) or Cash deposits.

To increase flexibility your Bond will be made up of a series of 12 identical policies, called segments. It is unit linked, which means that your investment is used to purchase units in your chosen fund(s), thereby pooling your investment with those of investors with similar objectives. This has the benefit of spreading the investment and administration costs. Funds are available with a variety of risk profiles.

The International Portfolio Bond is about choice and flexibility. It provides a tax efficient product ‘wrapper’ in which your investment can be managed in one place and in a form that is able to evolve as your financial requirements change.

It can be used to provide an ‘income’ through regular withdrawals of capital which may be useful for a range of needs, for instance; tax efficient school fees planning or supplementing your income in retirement. It can be used purely for capital growth which can be realised at a time to suit you, perhaps waiting until you are in a more favourable tax bracket. Depending on your investment choices, you also have the option of adding either Drip–feeding or Portfolio Rebalancing to your bond, without further charge.

For further information please contact your Independent Financial Adviser.  Alternatively, visit AXA Life Europe Limited website – www.axa-international.com/axalifeeurope.

Please be aware that unit prices in the Bond can fall as well as rise and are not guaranteed. Taking into account market fluctuations and charges, you may not get back as much as you invest, especially in the early years.

* as provided by Product Provider