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IMPORTANT INFORMATION
Press releases are intended for information only and should not be relied upon by customers when making investment decisions. While all efforts are made to ensure that the content of press releases are accurate at the time of publication, the information contained within past press releases should not be relied upon as still being current.
24.04.2008
"Testing the water" during market volatility
Many people choose to invest their money in cash funds when the market goes through a period of uncertainty. This low risk approach doesn?t necessarily make for the best returns in the long term, but it provides an alternative option for clients who may be deterred by volatility in financial markets.
Standard Life has added a new feature to their Capital Investment Bond (CIB) that allows clients to take a more cautious approach to fund switching. The Phased Investment option works by switching pre-arranged amounts every three months from the Standard Life Sterling Fund into other funds of the client?s choice.
Iain McLeod, Head of Savings & Investments at Standard Life explains,
"The Phased Investment option on our bond means that clients can now invest their money in our Standard Life Sterling Fund and then gradually phase their money into potentially riskier funds. This can help to reduce the timing risk associated with switching the whole investment on the same day
This feature has been launched to provide additional flexibility in uncertain markets and to meet the needs of our advisers and clients."
Advisers can get further information on the Phased Investment option at
http://www.adviserzone.com/pdf_library/cib37.pdf
- Ends ?
Media enquiries please contact:
Yvonne Savage, PR Manager
Standard Life Assurance Limited
Direct: 0131 245 0476
Mobile: 0771 248 6331
Email: yvonne_savage@standardlife.com
Lesley Davidson, PR Consultant
Standard Life Assurance Limited
Direct: 0131 245 6087
Mobile: 0773 497 4190
Email: lesley_f_davidson@standardlife.com
Notes to Editors
- Standard Life Assurance Limited is recognised for the high quality of its customer service, in particular for providing a service that is consistent, reliable and responsive. Standard Life received recognition for this in 2008 when the company were voted a 5 star provider at the Financial Adviser Service Awards for the 12th year running. Standard Life?s Capital Investment Bond has been awarded a Five Star rating by Defaqto, an independent company which analyses a wide range of financial products for advisers and consumers.
- Standard Life has approximately 7 million customers worldwide and provides an extensive range of products and services, aimed at meeting the financial requirements of customers throughout their lives.
- Standard Life has also produced new briefing cards and sales aids covering the Capital Gains tax changes and how they affect Investment Bonds. In addition, an online calculator is available to help advisers provide their clients with the appropriate advice. http://www.adviserzone.com/cgt/index.php
