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Generali International relaunch Vision
Policy
(29/09/2006)
Generali
International has re-launched their award-winning Vision savings
plan with a new, even more efficient, charging structure. The
new charging structure will effectively increase returns on the
average savings plan by a further 3% over the term of an average
policy.
The flexible
policy can be used for offshore savings, retirement planning,
education fee planning or loan repayment. The improved policy
boasts the following features:
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A low minimum
contribution level – just US$ 150 per month (or currency
equivalent)
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A choice of
currency denominations including Euro, GBP, USD and Yen
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No bid-offer
spread or 7% initial charge
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No charge for
contributing via credit card
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Up to 105% of
your contribution invested every month for the entire term
-
Regular
loyalty bonuses for schemes of 10 years or longer
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The
retirement planning version offers phased auto fund switch
into lower risk funds during last 5 years of the policy
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A 24/7 online
valuation service
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Over 80 funds
to choose from in 5 risk categories
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New funds
including Australia, BRIC and a Europe Balanced Fund
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Free
switching between funds
Additionally,
all Generali’s funds are direct access so policyholders are not
subject to the mirror fund costs
of most other offshore savings plans providers.
In order to
help quantify the benefits of the new charging structure,
Generali have prepared the following table to provide an overall
summary of the net effect of our charges.
The following
figures represent the minimum rates of growth that would need to
be achieved within Vision in order to offset all of the product
charges. Growth in excess of these amounts will result in
positive returns for Vision investors.
Some of the
minimum growth rates shown in the table are negative. This means
that, based on the particular combination of monthly
contribution and term in question, the product charges are
offset even if the negative growth illustrated were achieved.
This shows the significance of the loyalty bonuses that Generali
add once you save for periods of 10 years or greater.
|
US$ 450 per month |
US% 1,250 per month |
|
Term |
Annual Growth Rate |
Term |
Annual Growth Rate |
|
10 Years |
1.29% |
10 Years |
0.42% |
|
15 Years |
0.46% |
15 Years |
-0.08% |
|
20 Years |
0.25% |
20 Years |
-0.15% |
|
25 Years |
0.18% |
25 Years |
-0.13% |
|
30 Years |
0.16% |
30 Years |
-0.10% |
Notes:
The Annual
Growth Rates required to meet charges, shown above, are net of
the Investment Administration Charge and any external fund
management charges that apply to the funds.
The Annual
Growth Rates are based on the assumption that contributions are
paid as they fall due throughout the Contribution Payment Term of the
Policy.
Candour
Consultancy are offering enhanced
terms on the Generali savings plan throughout October to
mark the re-launch of the policy.
For further
information on the Generali Vision policy or a policy brochure,
just
click here to provide us with your preferred contact
details. We can also provide you with an obligation free
illustration of potential returns if you give us an indication
of how much you wish to save each month and for how long you
wish to save.
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