Acceptable investment guidelines for PIMS policies


Whilst the range of investments that can be accepted through PIMS are plentiful unfortunately we can't accept everything. These guidelines are exactly that, a guide as to the types of investment we generally find acceptable under PIMS. They are also contained within the Guide to Investment along with additional information about investment risks and benefits. We suggest you consult with your financial adviser before making investment decisions.

Authorised or recognised investment funds
We generally regard the investment funds from the following countries as acceptable:

  • A European Economic Area country
  • Channel Islands
  • Isle of Man
  • Hong Kong
  • Bermuda
  • Cayman Islands
  • British Virgin Islands
  • New Zealand
  • Australia

Mutual investment funds
We will consider these where:

  • We are able to hold the investment in our custodian’s or nominee name.
  • Investments can be realised for a cash value within five months of your instruction to sell.
  • Investments are priced as often as they are dealt. For example, an investment which is dealt monthly is also priced monthly.
  • Investments are priced at least every 3 months.

Equities & bonds
Stocks will generally be accepted into PIMS Flexible where:

  • The exchange is quoted on Her Majesty’s Revenue & Customs’ (HMRC) list of recognised exchanges.
  • Our appointed stockbroker is authorised and able to trade in the stock.
  • Our custodian has a settlement and delivery service in the specific market.

Cash deposit accounts
We will consider these for PIMS Flexible where:

  • The cash deposit can be held in our name.
  • Your deposit is at least GBP50,000/EUR75,000/USD100,000/HKD750,000/JPY8,500,000.

We may ask you to sign a declaration indicating you are happy for us to place a deposit with a particular institution.

Hedge funds, traded endowment funds, and traded life policy funds
We will consider these investments on an individual basis.

Experienced, professional, qualified and sophisticated investor funds
We will consider these investments on an individual basis.

Where we make such funds available, you will usually be required to complete further documentation prior to any dealing instructions being placed.

All other types of investments
We will consider other investments on a case by case basis, subject to them being acceptable to us and compliant with any regulations that may apply.