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Long Term Investing in OEIC Funds

Long-term investment

The Scottish Friendly OEIC is a medium to long-term investment plan that provides expert help from experienced fund managers and aims to deliver capital growth after 5 to 10 years. The table below provides all the plan detail and things you should consider. For more information on OEIC please visit the in detail tab.

Get professional investment management from experts in the field
Your OEIC Investment Plan Things you should consider
  • If you’ve already used up your stock and shares ISA allowance, build your savings habit by investing from only £15 per month. Or invest with a lump sum from just £500.
  • Give your regular or lump sum payments access to the long term growth potential of the stock market from a choice of two actively managed funds.
  • Our professional team of expert fund managers aim to provide a consistently better return than comparable funds.
  • Our Managed Growth Fund invests in a range of assets including UK and global shares, bonds and cash.
  • Our UK Growth Fund means you invest in leading UK companies.
  • All gains are subject to capital gains tax but you are allowed up to £10,600 in profits in the tax year 2011-2012 without paying tax.
  • Flexibility is built in. You can start, stop, raise or lower your payments whenever you like and cash in whenever you want although you should expect to keep your money invested for at least 5 years.
  • Stock market investments can go down as well as up and your original investment is not guaranteed.
  • You should consider this a medium to long-term investment for a period of at least 5 years.
  • The Managed Growth Fund can hold currencies other than Sterling. As a result, exchange rate movements may affect your investment as well as price movements.
  • Tax treatment depends on your individual circumstances and tax law may change in the future.
  • Any income paid from the fund is paid after the deduction of tax at the basic rate. Higher rate taxpayers may have to pay additional tax on any income.

Find out more

 

No advice has been provided by Scottish Friendly in relation to this plan. If you are in any doubt as to whether this plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.

Long-term investment

Scottish Friendly OEIC is a medium to long-term investment plan that aims to provide capital growth after 5 to 10 years.

Get professional investment management from experts in the field

 

With a Scottish Friendly OEIC you get professional investment management from experts in the field. And by pooling your money for a long period in a fund with other investors and spreading your investment, you can lower risk (compared to investing in an individual share or company).

You can also minimise costs by investing your money in a fund rather than dealing in a large number of shares yourself. So with Scottish Friendly OEIC you get expert help from experienced fund managers for your long-term investments. As you know, the value of these funds can go down as well as up and your original investment is not guaranteed.

Make regular payments or lump sum investments

You can pay from £15 per month into your Scottish Friendly OEIC. Or you can pay in lump sums of £500 and upwards. Top up your investment at any time with as little as £100.

Your choice of investment funds

You can decide whether your money is invested in the Managed Growth Fund or the UK Growth Fund or split between the two.

The Managed Growth Fund is invested mainly in UK equities and additionally in global equities. An element of security is added by investing a smaller proportion into fixed interest securities such as government bonds. Our investment team actively manages the fund by using their expertise to decide which are the best investments.

The UK Growth Fund gives you good potential for growth from a carefully selected portfolio of leading blue-chip companies. It invests solely in UK equities, although a proportion may also be held in cash. This is a medium-risk fund that aims to outperform the stock market.

And once your plan is set up and running, you can switch your investment between the two funds. For Scottish Friendly OEIC you pay an initial charge of 4% when buying or selling shares and switching between the sub funds. An annual management charge of just 1% is deducted from the unit prices. For details, please see Simplified Prospectus.

The funds are managed by SVM Asset Management, a firm with many years of experience and headed by Colin McLean, one of the UK's best-known fund managers. However, past performance is not a guide to future performance.

Access to your money

You can withdraw money from your Scottish Friendly OEIC whenever you want. However, you should consider this a medium to long-term investment and aim to leave your money invested for at least 5 to 10 years. If you take your money out earlier you may get back less than you originally invested.

Get your Scottish Friendly OEIC

Starting a Scottish Friendly OEIC with Scottish Friendly is easy.

Make sure you have read and understood the Key Features and Simplified Prospectus before you apply. Then you’re ready to download an application form and post it to:

Scottish Friendly Assurance, FREEPOST, Glasgow G2 4BR.

If you apply, we suggest printing or saving a copy of this page, other relevant pages, the Key Features and Simplified Prospectus.

Apply now

Taking out an investment plan with us is straightforward

Thank you for choosing to apply. All you have to do is follow five simple steps:

  1. Before you apply, please ensure that you have read and understood the information provided on the OEIC.
  2. Then download and carefully read the Key Features.
  3. Download the OEIC application form.
  4. Print your completed application form, then sign and date it correctly.
  5. Finally, post your completed application form to
    Scottish Friendly Assurance, Freepost, Glasgow, G2 4BR.

Download Application Form

Before you continue, you should ensure you have read and understood the Key Features document. This is our standard client agreement upon which we intend to rely. For your own benefit and protection you should read these terms carefully. If you do not understand any point please ask for further information.

Call us on 0333 323 5433 if you have any further questions about this plan or how to apply for the OEIC.

Lines are open 8.30am-5.30pm, Monday to Friday.

Scottish Friendly may record and monitor calls.

The Scottish Friendly Marketing Group is authorised and regulated by the Financial Services Authority, the financial regulator for the United Kingdom, and consists of the following companies: Scottish Friendly Assurance Society Limited: Life, Pensions, Savings and Investments. Member of ABI and AFM; Scottish Friendly Insurance Services Limited: Provider of Wrap Administration Services. Registered in Scotland No. 113007; Scottish Friendly Asset Managers Limited: OEIC Managers, ISA Managers. Registered in Scotland No. 187215; SFIS (Nominees) Limited. Registered in Scotland No 397351; Scottish Friendly Trustee Company Limited. Registered in Scotland No 312652. Head office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.