Could PIMS be the perfect investment option for you?

If you are on the lookout for a tax efficient investment solution that provides potential for medium to long-term growth, it is worth investigating the Personal Investment Management Service (PIMS) offered by RL360°. This product is targeted at high net worth individuals and it has a range of benefits.

A convenient solution

One of the major advantages associated with the RL360° PIMS product is the fact that it is highly convenient and flexible. It’s designed to be able to adapt to investors’ lifestyle and locations, and to change quickly in response to developments in market conditions. A portfolio bond, it is easy to use and comes with a variety of upmarket features that cater to virtually all attitudes to risk. A PIMS product allows you to link to a wide variety of investments and you can change these at any point. It also enables you to make withdrawals if and when you wish.

Managing these investments is straightforward. All of your transactions, including investment sales and purchases, charges and withdrawals, will be accounted for in one place and you’ll get a single, consolidated valuation. For added convenience, PIMS are fully compatible with the majority of pension schemes and they can slip into one of RL360°’s trusts if necessary. The products also benefit from a flexible charging structure.

What you need to know

Bear in mind that in order to invest in a PIMS policy, you must pay a premium of at least GBP50,000 (or the equivalent in another suitable currency). Also, these products should not be seen as short-term investments. Instead, they are medium to long-term investments and they will only suit you if you are looking to invest over a period of at least five years.

PIMS can be issued on either a capital redemption or a life assurance basis, but you can’t change the basis once the policy has been issued.

Consult an adviser

If you think you could benefit from these investments, your first step should be to have a discussion with your financial adviser. They will be able to advise you on how to tailor the products to meet your individual requirements, helping to ensure you make the best possible decisions. PIMS may not suit everyone, but if you are looking for a user-friendly medium to long-term investment, they are well worth considering. You can find out more about these products by visiting the RL360° website.

It has been a busy period for firm, which has its head office in Douglas on the Isle of Man. One major development occurred in November last year when the company completed its acquisition of CMI Insurance Company from Lloyds Banking Group for an undisclosed sum.