FPI offers new investors an extra allocation

Friends Provident International (FPI) announced today increased allocation rates for new investors on two of its regular premium savings plans - Premier and Premier Ultra.

The special offer is available until 30 September 2008.

Investors who submit new applications for Premier plans will receive an increased allocation rate of up to 137.5% and Premier Ultra plans will receive up to 155% allocation. The increased allocation rates apply to the full 18-month initial unit period.

In addition newly added mirror funds give investors more choice with a particular focus on Shari'a compliant equity choices. New links include HSBC New World Income Fund and the Mellon Global Bond Fund and funds from DWS Noor, Castlestone and Kotak.

To qualify for the additional allocation enhancements, investors must meet the following criteria:

The incentive applies to FPI's Premier and Premier Ultra plans only.
This offer applies to new applications received up to and including 30 September 2008. Any applications received after the closing date will receive standard terms.
The minimum premium for Premier is US$500 per month (or currency equivalent).
The minimum premium for Premier Ultra is US$1,500 per month (or currency equivalent).
FPI will have a grace period after the closing date to enable all policies to be issued.
A minimum term of 10 years and maximum term of 25 years applies for both Premier and Premier Ultra plans.
Only complete years will apply towards calculations.

Paul Tunnicliffe, director of international operations at Friends Provident International, said: "This year FPI has introduced over 40 new funds covering major asset classes, including our Shari'a compliant equity fund range. The special offer, the introduction of Dynamic Portfolio Planner international (a web based portfolio planning tool) and the new mirror funds, highlights our continued commitment to develop a market-leading investment proposition and our commitment to the international market."