Name

Address

Address

Address

Address

Date

Dear Name

With reference to our recent meeting in which we discussed the various long-term investment options available to you, I now wish to clarify the reasons why I believe that my recommendations are appropriate to you.

My recommendation takes into account that you are single / married / separated / divorced, with no / one / two / three / four dependants. It also takes into account that you are a non /lower / basic / higher rate taxpayer at the present time. Having discussed your up to date income and expenditure we determined that your disposable income is now approximately £Amount per month and you wish to allocate £Amount per month for this planning exercise.

My recommendations are also based on the information provided by you, which was collated in a Personal Financial Planning Profile on Date. We have also discussed and noted your specific requirements in connection with long term investments and these have assisted me when making my recommendations.

Given your requirements and the reduced options available to you because of your alreadymaximising your ISA allowance / uncertain residency status, I would recommend that you invest £Amount per month into a Savings Plan / Maximum Investment Plan (MIP) / VersatileInvestment Plan (VIP) with a selected term of Number of years. This is in line with your budget and is suitable for you given your long-term savings objectives.

The Savings Plan / MIP / VIP also meets your requirement to invest in an environment where your proceeds can be taken tax-free in the UK. This is because the Savings Plan / MIP /VIP takes advantage of the rules that apply to 'qualifying' life assurance plans. This enables you to take the proceeds free of any income tax and capital gains tax, as long as the plan has been in force for at least ten years or for three-quarters of the term if less. The selected company will pay tax on the investment return achieved by the funds and therefore the funds themselves are taxed.

Whilst you have stated that you would prefer to invest in an environment where your money is not easily accessible, the plan itself is split into Number of segments mini policies. This means that you can treat them independently of each other and still keep your plan in force, even though you may need to suspend contributions or realise some of your funds. This can be achieved without affecting the tax position of the other policies that make up your plan. This could be useful if you need to reduce your contributions or realise some but not all of your funds, although you do recognise that to fully benefit from the product terms your premium payments should be maintained until maturity in number of years years time.

In connection with the investment I recommend Product Provider as the selected Investment Company as they meet your requirements to invest in a company with good financial strength and a good selection of funds. They also offer the oportunity to switch between the unit linked funds. Their contract is also competitively charged. /, particularly as I have rebated commission to thecontract in order to make their (Selected Term) year contract as competitive as their ten year plan. The reduction in yield on your contract therefore matches the ten-year plan at Percentage% per annum.

Product Provider funds have had a good performance over the last 12 / 24 / 36 / 60 months which was another area important to you. You are aware however that that the price of units can go down as well as up and that past performance should not be treated as a guide to future returns.

We have discussed the different styles of fund, unit linked and unitised with profits and based on this you have initially decided to invest your premiums into the Name of Fund. This type of fund is suitable for you given that you have a cautious / balanced / speculative approach to investment risk.

We have also discussed the Research report that confirms the above points and further illustrates why Product Provider has been selected.

We have discussed the Product Provider Key Features document, product details and also your personalised illustration which outlines the key points and explains when benefits are payable. The assumed growth rate used for illustrative purposes only is X% per annum.

Total Charges

The table below shows the charges for your plans over the next 12 months. Where relevant, we have used weighted averages for some of the charges and also, where regular contributions are made:-

Plan Details / Charges
Platform charges
Product Charges
Fund/Investment Charges
DFM Charges
Adviser Initial Charge
Ongoing Annual Service Charge / %
X
X
X
X
X
X / £
X
X
X
X
X
X
Total / % / £

Please note, for certain investments, there may be the possibility that other costs may arise, including taxes.

I hope the above information accurately reflects the details of our conversations and I would therefore be grateful if you could sign and return the copy letter enclosed.

Yours sincerely

Adviser’s Name

Title

Signed:

Client’s Name