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ALICO 6MTH GUARANTEED INCOME LF (GROWTH) - Fund overview

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Overview of ALICO 6MTH GUARANTEED INCOME LF (GROWTH)

The Guaranteed Income Bond (Growth) is provided by AIG Life, which is the UK branch of ALICO (subsidiary of AIG Inc.). AIG Life puts aside a cash reserve to cover its liabilities and in the event of a default ALICO will provide financial support. Investors should note that so far AIG Inc. have been bailed out twice by the US government in Autumn 2008, and whilst there is no guarantee that this will happen in the future, its current credit rating has been reduced to A+. In case of a policy liquidation, this product is covered under the FSA compensation scheme for life assurance products paying 100% or the claim for the first £2,000 and 90% of the policy value thereafter.

Standard Initial Charge

No data available.

Fund summary

Sector	–
Product type	INSURANCE BOND
Launched	–
Size	–
Yield	0.0%
Charging basis	–
Dividends paid	–
Bid price	100.00p

Fund Charges

Standard Initial charge	–
Initial charge via Bestinvest	–
Additional bid/offer spread	0.00%
Annual management charge	–
Total expense ratio	–
Reduction in yield (10yr)	0.00%

Bestinvest says

No information available.

Portfolio

alico 6mth guaranteed income lf (growth) asset allocation illustration

Allocation		Proportion

	Equity	–
	High yield bonds	–
	Quality bonds	–
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	100%

No data available.

View all performance data for ALICO 6MTH GUARANTEED INCOME LF (GROWTH)

Investment process

A single premium life assurance policy offering a fixed rate of return in either the form of capital or income. The return at maturity and income are not dependent on the performance of an asset class, so that in the event of the default of the underlying asset, AIG guarantees to make the payments due. Although the policy is asset backed, the investor has no title to the underlying assets, which are held by the life fund. Returns are paid net of 20% basic rate tax.

Returns on investments between £100,000 to £499,999 are 4.93% AER (gross equivalent) to higher rate taxpayers after 0.25% commission – 3.7% AER (net of Basic Rate Tax).

Returns on investments over £500,000 are 5.0% AER (gross equivalent) to higher rate taxpayers after 0.25% commission – 3.75% AER (net of Basic Rate Tax).

This offer applies for investments made by CHAPS transfer only.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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