Onshore Bond for Wrap - Standard Life

1 Onshore bond for Wrap Key Features 01/12 Helping you decideWhat is the purpose of this document? This Key Features Document gives you a summary of the main features, benef its and risks of the Standard Life Onshore bond for Wrap. It should help you decide if the bond is right for you. You should also ensure that you read your personal illustration, the product Key Information Document (KID) and the Supplementary Information Document (SID). These should be provided by your Adviser. The personal illustration will show you how much you may get in the future; there is no guaranteed value. It is no more accurate than the KID. However, it is based on your actual payment and on growth rates that we feel are most suitable for your investment will not provide you with advice. You can only buy this product through a financial Key Features Document and Personal Illustration should be read together, and kept with your other bond is an important document.

2 Please read it and keep it along with your personal illustration for future Financial Conduct Authority is a financial services regulator. It requires us, Standard Life, to give you this important information to help you to decide whether our Onshore bond is right for should read this document carefully so that you understand what you are buying, and then keep it safe for future reference. This Key Features Document is for a UK bond and is for use by UK residents documents you should readWrap Services Client Terms and Conditions (WRAP66), which contains the terms and conditions that apply to your use of the Wrap bond for Wrap Policy Provisions (WRAPIB62), which contains the terms and conditions that apply to the your assets (IHTS10) which contains further information about using you don t have these documents, please request them from your financial adviser or from us (see section 7 How to contact us ).

3 Onshore bond for WrapKey Features02/12 Onshore bond for Wrap Key FeaturesWho should invest in an Onshore bond for Wrap?The bond is aimed at someone who has a minimum of 5,000 (or 60,000 if you select the Discounted Gift Plan) to invest over the medium to long bond may not be suitable if you are looking for a short term investment of less than 5 the Onshore bond for Wrap be held in trust?A bond can be held in trust. A trust is an arrangement where the owner of property (the settlor) instructs another person (the trustee) to hold and manage that property for the benefit of one or more persons (the beneficiary or beneficiaries).If the Onshore bond for Wrap is to be held in one of our trusts, the relevant trust Questions and Answers document should be read along with this Key Features Document,1. Its aims To give you the potential to grow your money, or to provide you with regular or one off withdrawals.

4 If you want both, our bond can give you the potential for a combination of the two. To allow you to choose from and switch between a range of funds to match your investment Your commitment To invest a minimum lump sum of 5,000. This minimum amount does not apply if the total assets held in your Wrap Account are equal to or greater than 100,000. To invest a minimum of 60,000 if you select the Discounted Gift Plan. To keep at least 2,500 in your bond if you wish it to stay open. This is not a requirement for the Discounted Gift Plan (during the settlor s lifetime) or Loan Plan (while there is still an outstanding loan). To view your bond as a medium to long term investment, which means it should usually be held for at least five years. 3. RisksAt the startIf you change your mind and want to cancel your bond within the 30 day cancellation period, you may get back less than you paid in.

5 See Can I change my mind? in section 5 Other important questions for more information, including when you can the bond is taken out in trust, the trust will continue if you cancel the bond . Due to the legal framework of the trust, once the trust has been set up, it cannot be easily investment Your bond can invest in a range of funds. These funds vary in their level of risk and their value can go down as well as up. You may not get back as much as you paid spread your risk, you should consider investing in different investments and asset classes. Then you won t need to rely on the performance of a single investment or asset class. The price of units depends on the value of the underlying assets after funds invest in overseas assets. This means that exchange rates and the political and economic situation in other countries can significantly affect the value of these funds.

6 Your investment may be worth less than you paid ll probably be one of many investors in each fund you re invested in. Sometimes, in exceptional circumstances, we may wait before we carry out your request to transfer or switch out of a fund. This is to maintain fairness between those remaining in and those leaving the delay could be for up to a month. But for some funds, the delay could be longer: It may be for up to 6 months if it s a fund that invests directly or indirectly in property, because property and land can take longer to sell. If our fund invests in an external fund, the delay could be longer if the rules of the external fund allow this. In this case, we may delay executing your instructions until we receive the proceeds of the sale of the related units in the fund in which the externally linked fund is bond for Wrap Key Features 03/12If we have to delay cashing in or a switch, we ll use the fund prices on the day the transaction takes place these prices could be very different from the prices on the day you made the fund managers are in charge of managing their own funds including what they invest in.

7 This means that Standard Life has no control over these external funds investment performance or continued availability. We may close your bond or restrict payments in or out for taxation, regulatory or administrative reasons if you become resident anywhere outside the you put your bond in a trust, the trust conditions will need to be followed when making changes to the bond . It is important for trustees to ensure that any changes they make to the bond or withdrawals made do not breach the trust deed. We strongly recommend that you speak to your adviser if you are considering placing your bond in trust or making any changes to your taking withdrawals out of your Onshore BondYou can take money out of your bond , but this will reduce its you take withdrawals that are greater than any capital growth on your bond , the capital value of your bond will see section Can I take my money out?

8 For more your bond is part of a Discounted Gift Plan regular withdrawals must be taken from the outset and cannot be changed during the settlor s in your bond What you get back depends on the performance of the funds you choose to invest in, and any charges or value of your investment and any income from it can go down as well as up and you may get back less than you paid in. There is no guaranteed value. Although your Personal Illustration gives an indication of what you might get back, the figures are not guaranteed and will depend on several may get back less than the amounts shown in your Personal Illustration because: any capital growth could be lower than shown in your Personal Illustration we change the basis on which we set the price of an investment linked fund the performance of the investments is lower than anticipated tax rules and legislation could change the charges could go up you withdraw money from your bond earlier or more frequently than anticipated you take regular withdrawals which are larger than any growth in your your bond is part of a Discounted Gift Plan you cannot cash in or assign the bond to beneficiaries during the settlor s your bond is part of a Loan Plan you cannot cash in or assign the bond to beneficiaries whilst there is an outstanding loan.

9 If you wish to cash in your bond , please speak to your financial Onshore bond for Wrap Key Features4. Questions and What is the Onshore bond for Wrap? The Onshore bond for Wrap is provided by Standard Life Assurance Limited, an insurance company. It is a lump sum, non qualifying, whole of life, investment linked life insurance is an investment product, made up of a number of individual policies. It gives you the opportunity to invest a lump sum (or a series of lump sums) in funds available from the Wrap Can I invest in the Onshore bond for Wrap? To take out the bond you must: be a minimum age of 18 if you are the bondholder be habitually resident in the UK. If the bond is held under trust, it is only suitable for use by trustees who are habitually resident in the UK. you must have a relationship with a financial adviser that has agreed to our Adviser Terms and Conditions for use of the Standard Life Group s Wrap (WRAP65)If you select the Discounted Gift Plan, the minimum age for the settlor at their next birthday is 51.

10 To allow for underwriting to take place, we have set the maximum age to be six months before the settlor s 90th to two people can jointly own the bond , and up to six lives assured can be named under the bond : the life assured is the individual upon whose life payment of the benefits depends the minimum age for a life assured is three months. The maximum age for a life assured is Where is my money invested? We offer a wide range of investment options for your bond so you can choose the investments which best suit your can invest in a number of funds at any one time: your payments are used to buy units in the funds you choose the price of one unit in each fund depends on the value of the underlying assets the value of your investments is based on the total number of units you have in each the unit prices rise or fall, so will the value of your investment.