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New retirement annuities launch for the wealthy

Published

2006

Sun

28

May

Company Listing: BoE Private Clients »
 
Wealthy investors looking for the best options for their old age should look to a custom-made retirement annuity option rather than be locked into old-style ‘one size fits all’ options. So says Johann van Zyl, Head of Investments at BoE Private Clients which has just launched retirement products which include retirement annuities, preservation funds and living annuities, where the underlying investments can be a segregated share portfolio Its BoE Segregated Retirement Investment Portfolio offers a life-insured bespoke portfolio of directly owned securities (e.g. equities and bonds and) and gives the investor the freedom to select a portfolio of listed securities. These securities are housed in tax-efficient retirement vehicles catering either for forward-looking clients wanting to save for their retirement, or for retiring clients aiming to obtain a consistent income stream for the remainder of their lives. The investor benefits include the freedom to uniquely customize their investment portfolio according to their specific financial needs and risk appetite, and the ability to time market entry and exits to exploit opportunities. “Unit trusts are subject to exposure constraints. For example, equity funds have to remain at least 75% invested at all times,” notes Van Zyl “Investment styles and views can be changed based on prevailing circumstances, whereas collective investment scheme mandates may not be changed without submitting to onerous procedures.” van Zyl adds that there are no constraints in terms of holdings – if the client wishes to invest 100% of his/her assets in a single share, this could be done. The investor’s assets will be managed by a dedicated BoE portfolio manager and investors will enjoy all the privileges of being a BoE client “The investor can discuss and agree his/her degree of participation in investment decisions with the portfolio manager, ranging from full manager discretion through to execution only.”
 
Source: LANGE Strategic Communications
 
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From The Glossary »

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Conventional Policies:

Conventional policies operate in such a way that policyholders are protected from the investment and mortality risks. This is achieved by the pooling of monies. After administration fees have been deducted from premiums, what is left is credited to the life fund where it is invested on behalf of policyholders. At intervals not exceeding three years the contractual liabilities undertaken by the insurance company by nature of the policies issued by ...
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