Individual Savings Account
Clients can optimise their annual ISA limit by 'grossing up' their contribution to take account of any initial platform charge. For example, in the case of a £11,280 ISA subscription, where 4.5% initial charge is payable, we will accept a cheque for £11,811.52, so that the client can invest the full £11,280 after the initial charge has been accounted for.
Collective Investment Account
This account allows your clients to invest in unit trusts and OEICs outside a tax wrapper. The CIA allows clients to hold a wide range of collectives in one convenient place. This might be useful if, for example, they have already fully utilised their ISA allowance.
It will also accept investments by trustees of registered pension schemes such as self-invested personal pensions (SIPPS) and small self-administered pension schemes (SSAS) as part of a client’s underlying retirement portfolio).
Collective Retirement Account
The Collective Retirement Account is a registered pension scheme available on the Skandia Investment Solutions platform. It offers your clients the ability to accumulate retirement savings and have flexible retirement solutions, all within the same account. The pricing structure is easy to understand and is the same as other wrappers within the platform.
Retirement solutions include capped and flexible drawdown and the ability to phase into these options for clients needing greater flexibility in providing their future income needs. In addition clients will be able to buy an annuity suited to their specific circumstances through the open market.
Money held in the account is invested into Skandia's wide range of unit-linked investment funds, chosen by you and your client.The performance of funds held within this account (and all other tax wrappers) directly matches the performance of the underlying fund.
Collective Investment Bond
The Collective Investment Bond has a charging structure and fund range consistent with other tax wrappers on the platform. The performance of funds held within the CIB (and all other tax wrappers) directly matches the performance of the underlying fund.