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RL360 is based in the offshore financial stronghold of the Isle of Man, from where they do business in Asia, Africa, the Middle East, Latin America and the UK.
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 staff working for them.
NOTE: As of July, 2019, the RL360 Quantum Savings Plan is no longer open to new clients.
Quantum is a regular premium offshore savings policy issued in the Isle of Man by RL360. The policy offers the potential for growth over the medium to long-term, where its value is linked to the performance of investments funds.
There are two types of plans you can take out under RL360's Quantum:
The features of RL360's Quantum savings plan can be summarised below:
The table below details the minimum regular premiums you can pay into RL360's Quantum savings plan. It also shows you the minimum single premium you can choose to pay at any time:
||Additional single premiums|
|5-9 years||10 years +|
All premiums must be paid within 30 days of the due date.
You will be able to invest in many funds from a range of UK authorised and international collective investment schemes, provided that you or your adviser
have registered for online fund switching.
Without online access you will be limited to investing each premium paid into a maximum of 10 funds.
The charges of RL360's Quantum plan can be summarised below:
|Initial unit charge||A charge of 0.50% per month of the value of initial units will be deducted by cancellation of initial units. This charge will continue throughout the premium term, or until the 30th policy anniversary if earlier.|
|Contract charge||There will be a contract charge equal to a defined percentage per year of the current fund value, deducted each month. The current contract charge is 1.5% per year, deducted as 0.125% of the current fund value every
month. It will be deducted through the proportional cancellation of initial and accumulation units.
A policy fee of GBP5.00/EUR6.00/CHF7.50/USD8.00/AUD9.00/HKD62.50/
|External fund management charge||The manager of each external fund will deduct an annual management charge. This will be allowed for within the pricing of the individual funds, at a rate determined by the manager of each fund.|
You can take a premium holiday following the end of your original premiums’ initial allocation period for up to 2 years, provided that:
Standard charges will continue to apply with the exception of the policy fee which will increase for the duration of the premium holiday.
This would depend on the type of plan you have taken from RL360.
I was told that I could increase and decrease my contributions and get my hands on my money after 2 years - at no point did anyone ever say that the money I paid for the first 2 years would be eaten in commission for the broker who sold this to me.
More cost effective, flexible and less complex options are now available for international professionals.
If you already hold an RL360 Quantum Savings Plan and it is worth £250,000 or more, we strongly recommend you seek a Second Opinion to ensure you are on track to get and keep the life you want.