Hansard Capital
Investment Bond

Hansard Capital Investment Bond is similar to many in the offshore market place. 

The Hansard Capital Investment Bond was designed for building up a lump sum over the medium to long term beginning with a minimum of USD 20,000 in the first three years, without the need to commit to a defined regular contribution. 

It is written on a capital redemption basis (this means there are no lives assured, so the investment does not end on death - so it can be passed down through families for Estate Planning purposes if written in trust) and is available on a single or joint ownership basis.

Features of the Hansard Capital Investment Bond:

• The Hansard Capital Investment Bond may be denominated in US dollar, GB pound, Hong Kong dollar, Japanese yen or Euro. Benefits will be paid in the plan currency.
• Contract holders may change the currency denomination of the contract at any time, at the exchange rate then prevailing.
• Beginning with a minimum of USD 20,000 in the first three years.
• It will mature on expiry of the 99 year term unless fully surrendered prior to the end of the term. At the end of the selected term, the value of the Hansard Capital Investment Bond will be the value of the portfolio.
• Hansard Capital Investment Bond holders may make single contributions at any time subject to a minimum of USD 2,000. Regular contributions can also be made, subject to a minimum of USD 600 per month or USD 1,800 per quarter. 
• If the minimum contracted contribution is not received by the third anniversary of the commencement of the contract, an additional charge, currently GBP 420, will be applied by cancellation of units.
• Over 170 international funds available - with access to external equities, bonds and collectives at an additional charge.
• If the Hansard Capital Investment Bond is used within a QROPS or SIPP there will be additional set up and ongoing fees for the life of the policy.

On the death of the life assured (or the first life assured to die in the case of a joint-lives first-death contract, or the second-life assured to die in the case of a joint-lives second-death contract) before the agreed maturity date, the standard sum assured is 101% of the value of the initial and accumulator units.

The value is calculated using the applicable bid price of units.

NOTE:

• The product facilitates a range of charging structures linked mainly to the amount of commission being taken by your adviser of salesman.
• A full encashment results in penalties being applied in the early years through surrender charges. In effect this means that on polices the first 5, or more typically 8 – 10, years may have quite high surrender charges imposed.
• It would not be uncommon to see as much as 8% of the value of the plan value being lost by surrendering the Hansard Capital Investment Bond early.
• We do NOT recommend this product for QROPS or SIPP investing and would highly recommend reading the 'expert verdict' section of this review to make an informed decision.

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