Important information before investment
Aspiration, Fortuity, Heritage and other plans* (each a “Plan” and collectively the “Plans”) are investment-linked assurance schemes issued by Standard Life (Asia) Limited (the “Company”). Your investments are subject to the credit risks of the Company.
The premiums/contributions paid by you towards the Plans will become part of the assets of the Company. You do not have any legal or beneficial rights or ownership over any of those assets. Your recourse is against the Company only.
Your return on investment is calculated or determined by the Company with reference to the performance of the underlying funds. The return of the investments under the Plans shall be subject to the charges of the Plans and may be lower than the return of the corresponding underlying funds.
Early surrender, termination or withdrawal of the Plans/ suspension of or reduction in premium/contribution may result in a significant loss of principal and/or bonuses awarded. Poor performance of the underlying funds may further magnify your investment losses, while all charges are still deductible.
If the insurance coverage for your Plan incurs insurance charges, you should note the followings:
Part of the fees and charges you pay will be used to cover the insurance charges for the life coverage and any additional coverage you may choose (if applicable), and will be deducted from the value of your Plan.
The insurance charges for your life coverage may increase significantly during the term of your Plan due to a combination of factors, for example, age, gender, investment return of your investment choices. etc.
The higher the insurance charges, the lesser your premium/contribution is available for investment purpose.
The insurance charges may increase significantly to a level exceeding your regular premium/contribution payment, particularly where your investment choices have been incurring significant losses. In such case, the value of your Plan will be deducted to cover the insurance charges and other charges of your Plan. This may result in significant or even total loss of your investment and premium/contribution paid.
If the value of your Plan is not enough to cover the policy charges (including the insurance charges and other charges), your Plan will be terminated early and you will not be able enjoy any targeted death benefit or other benefit from your Plan.
You should speak to your financial adviser for details, such as how the charges may increase and could impact the value of your Plan.
The investment choices available under the Plans can have very different features and risk profiles. Some may be of high risk. Please read the offering documents of the relevant Plan which include the product brochure, product key facts statement and “Investment Choices Brochure”. You should also refer to the offering documents of the underlying funds for details.
The investment returns of the Plans may be subject to foreign exchange risks as some of the investment choices you selected and/or the assets of their underlying funds may be denominated in a currency which is different from that of your Plan.
Investment involves risks. You should not purchase a Plan unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours.
You should not solely rely on the following information for making any investment decisions. You are reminded to read carefully the offering documents of the relevant Plan for further details including risk factors.
This website is prepared and issued by Standard Life (Asia) Limited.
* Other plans include plans which are currently not marketed to the public in Hong Kong: Aspire Investment Plan, Flexi-Pro, FutureCompass RI, FutureCompass SI, Harvest 101 Investment Plan, Harvest Elite Investment Plan, Harvest Wealth Investment Plan, Harvest Supreme Investment Plan, Leap Single Investment Plan, LifeMaster, Pro-Investor Investment Plan, Reach Retirement Plan, Spectrum Retirement Plan, Spring Education Plan, Steps Regular Investment Plan, Wealth Achiever Investment Plan and Wealth Amplifier Investment Plan.