Scottish Widows Investment Bond

The Scottish Widows Investment Bond aims to:

  • provide capital growth and/or income over the medium to long term (at least five to ten years), or
  • allow regular withdrawals or income to be taken from the bond to top up your income, should you wish to do so.

Your commitment

  • You must make a single investment of at least £10,000.
  • There’s no set investment period for the bond. It has been designed as a medium to long-term investment (ideally at least five to ten years) though you can keep it for as long as you want.

Risks

  • What you get back isn’t guaranteed. It would be lower than illustrated if, for example: 1. investment performance is lower, 2. the charges are higher or 3. regular withdrawals are greater
  • The value of your bond can go down as well as up and you could get back less than you invested.
  • Under the Withdrawal Charge option, if you cash in all or part of your bond within five years of making the first investment or within five years of making
    any additional investment to it, you may have to pay an early withdrawal charge and you may get back less than you invested. Please see your illustration
    and the ‘What are the charges?’ section of these key features for details.
  • If any withdrawals are taken from the bond, they could be greater than any growth achieved and this could reduce its value to below the amount you
    originally invested.
  • The value of your bond will be reduced if the charges exceed the amount of growth in the investment funds in which your bond is invested.
  • The bond can invest in a range of investment funds that carry different types and levels of risk. Please see the Scottish Widows Investment Solutions
    and Clerical Medical Life Funds Investor’s Guide (reference 52034) for more details.
  • In certain circumstances, there may be a delay in cashing in all or part of your bond or switching between investment funds. This delay could be up to
    a month but if you are invested in the UK Property Fund, or any fund that invests partly in property, we may postpone the payment/switch for up to six
    months. This is because these assets can be less easy to sell than stocks and shares. A property valuation is a matter of judgement by a valuer.
  • The current law and tax rules may change.
  • If you change your mind within 30 days of receiving your cancellation notice and the value of your bond has fallen, the amount returned will be less than was
    originally invested.

To gain a full understanding of this product it is important that you read the Key Facts document carefully, including any Terms and Conditions. If you are unsure about anything, please seek financial advice to ensure this suits your requirements and overall investment planning. Remember, the information in this Key Facts document does not constitute tax, legal or investment advice and Moneyworld has given you no advice. Please read our terms of business before proceeding.

Application Fee

Our fee is just 0.5%. Please send a separate cheque with your application payable to Moneyworld.

Product Brochures

> Key Features

> General Guide

> Fund Guide

Application Form

> Investment Bond Application Form

How do I Invest?

Please print and complete your application form. Please send your completed forms together with your investment cheque and our fee cheque to us at Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG.

What happens next?

We will process your application as soon as it arrives and send you an e-mail to confirm receipt. Within 5-7 working days you will receive your policy documents with full details of your investment.