Friends Provident introduces special offer on savings plans
Friends Provident International (FPI), one of the leading offshore financial services providers, has announced a three-month special offer on two of its regular premium savings plans.The offer, which is available between 2 April 2007 and 30 June 2007, provides an increased allocation rate of up to 137.5% on new applications for a Premier plan, with Premier Ultra plans receiving up to 162.5% allocation. The increased allocation rates apply to the full 18-month initial unit period.
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 between 2 April 2007 and 30 June 2007. Any applications received after the closing date will receive standard terms.
Premier monthly premiums must be in excess of US$500 (or currency equivalent).
Premier Ultra monthly premiums must be in excess of US$1,500 (or currency equivalent).
FPI will have a one-month 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: “The Premier and Premier Ultra savings plans are excellent products giving investors even more value for their money. With allocations up to 162.5% our intermediaries can give their customers the chance to receive a superb bonus on their investment.
“Both Premier and Premier Ultra are already very popular products. This offer is going to make them even more attractive – to intermediaries and their clients.”
The special offer coincides with the recent launch of 19 new property and fixed interest funds as well as introducing a new mirror fund link to the Martin Currie Asia-Pacific SICAV, distributed on an exclusive basis until 29 June 2007.