About Select

Purpose
Select is designed to allow a cash sum to be linked to a wide range of investments (plus you may transfer in any existing allowable investments that you hold) in a way that is tax-efficient and offers the potential for growth over the medium to long term.

Description
Select is available in two policy types, an investment linked life assurance policy or an investment linked capital redemption policy, the differences are explained in our Select - The Facts document.

Three distinctive charging structures are available through Select: Option 1, Option 2 and the Select Specialist structure, a flexible alternative, from which five different solutions can be created. This makes for a total of 7 different charging structures that can be tailored to your needs, all of which are described in Select - The Facts.

Availability
Select is available to individuals, companies and trustees who are resident in the United Kingdom, Channel Islands or the Isle of Man. Individuals need to be 18 years of age or older to apply for Select. If the youngest life assured is 75 years of age or older, we cannot accept the application.

Quick summary
Please see below a quick summary of Select

• Available in GBP Sterling, Euro, US Dollars, Hong Kong Dollars and Japanese Yen.
• Minimum initial investment of £50,000 (or currency equivalent).
• Minimum additional premium £5,000 (or currency equivalent).
• Regular withdrawals can be taken on a monthly, quarterly, half-yearly or yearly basis, and each frequency is subject to a minimum of £200.
• Four valuations provided throughout the year.

Open-architecture
Choose from thousands of different investments to create a portfolio tailored to suit your attitude to risk.

Professional investment advice
You can choose investments yourself or, if you do not have an in-depth knowledge of the investment world, you can bring in some help. Select allows you to appoint an investment adviser or discretionary manager to advise on, or manage your investment.

Whilst your financial adviser may be able to provide a complete financial strategy for you, an investment adviser will usually only concentrate on the investments within your Select policy. However, depending on the qualifications that your financial adviser holds, they may be able to act as your investment adviser too. Investment advisers can act on a non-discretionary or discretionary basis.

If you wish you can opt for a discretionary manager to manage the investments linked to your Select policy. Your financial adviser can work with you to identify your attitude to risk and investment profile, and then suggest a suitable discretionary manager whose investment style is aligned to your profile. The discretionary manager will then make investment decisions on your behalf, according to your agreed strategy.

We are not authorised to provide you with investment advice, and we would always recommend that you consult a professional before making investment decisions.

For more information about investment advice, please read the Select Guide to Investment.

How do I invest in Select?
Select is available exclusively in association with authorised financial advisers. Your financial adviser can ask for a Personal Illustration that will take account of your chosen features, charging structure and investments.

Should you wish to invest in Select you should read our literature suite in full, including the Brochure, The Facts, Key Features and Guide to Investment and discuss the potential benefits and risks with your financial adviser. Your adviser can then provide a final recommendation as to whether or not Select is suitable for you.

If you do not have a financial adviser, we can help you find one. Search for a financial adviser now.

Compensation
Our policyholders are protected by the Isle of Man Compensation of Policyholders protection scheme, which covers up to 90% of our liability where Royal London 360° is unable to meet its financial obligations. Holders of policies issued by Royal London 360° will not be protected by the UK Financial Services Compensation Scheme if the company becomes unable to meet its liabilities to them.

Important notes
The value of your policy can go down as well as up depending on the investments it is linked to, and you may not get back your initial investment. We are not responsible for, and will not compensate you in relation to, the performance of your chosen linked investments.

The value of investments can go down as well as up purely because of exchange rates. This may happen when investments are valued in overseas currencies.

We are based in the Isle of Man and because of this we do not pay capital gains tax or income tax on the investments linked to Select policies. However, withholding tax may be deducted at source on income arising from investments held in some countries, which cannot be reclaimed by us.

In all cases we recommend that you speak to your financial adviser or tax professional about your tax situation before applying for, or taking action on, your Select policy.

This webpage has been approved for use in the UK by Royal London Marketing Limited, a company which is authorised and regulated by the Financial Services Authority number 302391. Registered in England and Wales number 04414137. Registered Office: 55 Gracechurch Street, London, EC3V 0RL, United Kingdom.