RL360 are based in the Isle of Man, conducting business in Asia, Africa, Latin America, the Middle East and the UK. They provide offshore savings, protection and investment products to international professionals and local nationals.
RL360 is part of International Financial Group Limited (IFGL).
IFGL provides investment, savings and protection solutions to international investors around the world and the group comprises RL360, RL360° Services, Ardan International and now also Friends Provident International.
IFGL has 210,000 policies, USD24 billion of assets under administration and 650 members of staff.
RL360 says that PIMS (Personal Investment Management Service) is built around a simple proposition of choice, flexibility and tax-efficiency.
Targeted at high-net-worth, internationally mobile individuals, this lump sum investment claims to have the flexibility to react quickly to changing market conditions and/or changes to your location or lifestyle without unnecessary restrictions.
The key features of RL360's Personal Investment Management Service (PIMS) can be summarised below:
The initial and additional payments for PIMS can be summarised below:
|Initial payment||Additional payment|
As stated above, the RL360's Personal Investment Management Service has two versions:
The charging structures for both the versions of RL360's Personal Investment Management Service is the same and can be summarised below.
The withdrawal amounts you can take from your RL360 Personal Investment Management Service plan in the 7 different currencies currencies offered are as follows:
|One-off withdrawal||Regular withdrawal|
Cancelling your PIMS plan:
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
Over time you may wish to change your investment strategy, therefore it is important that you keep track of your plans performance.
RL360's online service centre claims to allow you to log in and monitor your plan from the very beginning.
You will have the ability to view your plan details along with the ability to print valuations, both current and historic, review important documents such as your application form, illustration or key information document, research funds through the dedicated fund centre or request to switch funds.
We recommend you take advantage by signing up for this service at outset.
Keeping a copy of your original illustration is a reassuring way of confirming that your
plan is performing in line with your expectations.
RL360's Personal Investment Management Service (PIMS) is available to individuals, companies and trustees provided they are not subject to any legislation which prevents them from making an investment.
Individuals need to be 18 years of age or older to apply for PIMS.
Where the policy basis is life assurance, RL360 cannot accept the application if the youngest life assured is 85 years of age or older.
By appointing a discretionary manager to manage the assets within your plan, you are providing authority for them to make investment decisions on your behalf without discussing them with you first.
The discretionary manager will buy and sell the assets on your behalf, and will hold the value of your plan in their bank accounts or custody accounts, which allows them complete control over what to buy and sell.
RL360 will not charge dealing or custody charges to your plan if you appoint a discretionary manager or investment platform but they may apply additional fees every time they buy or sell on behalf of your plan.
Appointment of a discretionary manager or investment platform will be subject to RL360's acceptance at all times.
RL360 accepts the following
methods of payment:
Investing in the RL360 Personal Investment Management Service does not guarantee return.
The value of your plan can go down as well as up depending on the assets it is linked to, and you may not get back your payment(s) paid.
RL360 denies any responsibility, and will not
compensate you in relation to, the performance of your chosen linked assets.
The charges have eroded my investment. The financial adviser who helped me set it up did not advice me otherwise.
When I started losing money I did some research and learnt all about regulated financial planners - I would advice everyone to do their due diligence and ONLY get advice from a regulated financial planner.
This is an inflexible, expensive, outdated product.
We recommend individuals who are directed to RL360 by a 'broker' carefully garner the opinions of their peers on forums such as https://www.simplyfi.org/ before incepting any policies or plans.
If you already have a PIMS from RL360, and it is worth £500,000 or more, we strongly recommend you seek a Second Opinion to ensure you are on track to get and keep the life you want.