Friends Provident - Premier Savings Plan

Friends Provident has been a leader in the financial service industry for over 170 years, est. in 1832. FP is a highly successful and fast growing company, with around £125 billion funds under management, over 3,900 staff , and in excess of three million policies and accounts worldwide. At the forefront of the Friends Provident business strategy is the expansion of its nternational operations. FP provides an extended range of products and funds that includes Portfolio Bonds, multi-currency products and external funds...funds provided by popular companies such as Merrill Lynch, JP Morgan, Morgan Stanley, Fidelity, etc.

The FP Premier Monthly Savings plan allows you to build up a lump sum by saving on a monthly, bi-annual, or annual basis. Before you take out the plan, you specify the length of the contractual period - this can be anything between five years (minimum) and twenty-five years or more. Minimum contributions are US$150/month, although most savers choose a higher amount. For many plans there is a credit card contribution facility, which is cheaper and more convenient than bank transfer.

In entering into a Premier Monthly Savings Plan, it is important to select a level of regular contribution that you know you can sustain for the entire contractual period ; as in any plan there are financial penalties for discontinuing. It is better to underestimate how much you can contribute on a regular basis than to overestimate...and if you underestimate, any surplus money you may have in prosperous times can always be put into the plan as a lump sum if you so wish. It is also important to think carefully about the length of the contractual period you agree to. Be sure of how long you will realistically be able to continue saving, what you are saving for, and when you will need to access the accumulated capital. Above all, beware of financial advisers who suggest you take out plans with high regular installments and lengthy contractual periods: if you go along with their persuasion, it is highly likely you will be unable to complete the plan fully, and so suffer future penalty. The benefits of a well-chosen plan are great, however!

An appropriate level of contribution is not really missed out of disposable income, especially if paid monthly. In time, however, it will grow to a sizeable sum, since it is based on the performance of competitive unit trusts/mutual funds - amongst which you have a wide choice (an avg. of 100 funds to choose from) and can switch freely between - and the accumulating sum compounds free of income and capital gains taxes.

At the maturity of the plan (minimum 5 years) you can fully or partially liquidate your savings or, with no further obligation, keep it compounding as a nest egg for the future.

We at V1 believe it is of the utmost importance to decide where it is you want to go before choosing the vehicle to get you there...evaluating the various routes to your destination before starting your trip, so to speak. We believe in pointing out the advisability of getting with a professional and:

1. Forming your plan
2. Evaluating the options that fulfill your personal goals
3. Making the start
4. Committing to re-evaluate periodically

We believe this formula provides you the best hope of acheiving your financial goals. Your choice is personal , but we at V1 have a team with unlimited options and our only goal is to help you acheive yours as quickly as possible considering all the relavent factors.

Call today at (098) 921-0065 or contact us today and we will contact you to start the process. You will have a much clearer idea of what you need to do and how best to achieve it once our evaluation is complete.