[wira]

Hi
Anyone heard of this Zurich Vista savings plan ?

[startrekker]

U took up the plan?

[yellow_pen]

what plan is this?
i never heard of it before. Care to share more?

[wira]

startrekker wrote:

U took up the plan?

yellow_pen wrote:

what plan is this?
i never heard of it before. Care to share more?

Was intro to this by my financial planner. not sure if its a good regular investment plan.

info here
http://www.csmltd.com/Zurich_Interna...0VISTA%20WORKS

[lycheechua]

Zurich is an ILP with its company base in the Isle of Man, which legislature suits foreign investment . the funds are denominated in different currency which makes them quite mobile and this has been pretty popular lately. The ILP will grant to access to 100+ private banking funds managed by blackrock myrill lynch and threadneedle, some not available in the retail market, some of which would provide better returns. But as you can see, the different plans are marked pretty high and meant more for the middle to high income families. Managed properly, the returns should outperform other ilps out there since they would only be switching between either AIA funds or PRU funds.

http://www.zurich.com/international/...ices/Index.htm
this link should show you the different available for your selection, but I believe you would be most interested in Mirror funds >> specialist, cos thats performing well right now.

[wira]

lycheechua wrote:

Zurich is an ILP with its company base in the Isle of Man, which legislature suits foreign investment . the funds are denominated in different currency which makes them quite mobile and this has been pretty popular lately. The ILP will grant to access to 100+ private banking funds managed by blackrock myrill lynch and threadneedle, some not available in the retail market, some of which would provide better returns. But as you can see, the different plans are marked pretty high and meant more for the middle to high income families. Managed properly, the returns should outperform other ilps out there since they would only be switching between either AIA funds or PRU funds.

http://www.zurich.com/international/...ices/Index.htm
this link should show you the different available for your selection, but I believe you would be most interested in Mirror funds >> specialist, cos thats performing well right now.

yeah the minimum monthly contribution is pretty high with min $1200 monthly contribution (to qualify for the bonus scheme ).
Not sure if this will be a good investment savings plans for retirement planning

[lycheechua]

wira wrote:

yeah the minimum monthly contribution is pretty high with min $1200 monthly contribution (to qualify for the bonus scheme ).
Not sure if this will be a good investment savings plans for retirement planning

however the variety of funds under this scheme is the largest than any other on the market right now. Some funds are pretty exclusive and not available on the retail market.

Currently this plan is marketed to the well heed. choose your agent wisely, if managed properly, the private banking funds should reap good returns.

It is one of my hot ticket items as well.

[tylney]

the Zurich Vista is an overly expensive and complicated savings plan. you would be best to avoid this type of arrangement.

[startrekker]

tylney wrote:

the Zurich Vista is an overly expensive and complicated savings plan. you would be best to avoid this type of arrangement.

why do you think it is an overly expensive and complicated savings plan?

[tylney]

startrekker wrote:

why do you think it is an overly expensive and complicated savings plan?

this is why i do:

ICP Charge = 4% of first 18 months contributions i.e. 6% per annum
Plan fee = S$ 12
Mirror fund fee = 0.75%
fund admin fee = 0.5% - 2.5%
underlying fund charge = up to 2%

there are also heavy early surrender penalties and you are charged further if you increase, reduce or stop your contributions.

[iwanto]

basically, as mentioned, the Vista is a ILP. The investment fund is modelled on a lifestyle fund, wher aggressive perf strategy is adopted in the early yrs of policy n towards retirement, the asset allocation is scaled twds defensive posturing f capital gains preservation. The protection elements (life n CI cover) are included. So it's an all in one. Based on prem, looks like target at accredited investor (higher value mass affluent).

Well, tho some of e funds seem out of reach to retail investor, if gg via strat of making $$ work harder n assume individual is an accredited investor (to be offered such a plan), wld rather take up life policies (whole and/or term mix) n invest directly into hedge funds, mutual funds and alternative instruments (e.g. land banking, life settlement fund). A staggered sw/ to lower risk instruments (e.g. laddered endowment, dividend income portfolio) f retirement can be structured along e investing journey.

at least tt's wat i'll do. e fees n charges thro such all in one package nt attractive at all.

[VoodooKing]

iwanto wrote:

basically, as mentioned, the Vista is a ILP. The investment fund is modelled on a lifestyle fund, wher aggressive perf strategy is adopted in the early yrs of policy n towards retirement, the asset allocation is scaled twds defensive posturing f capital gains preservation. The protection elements (life n CI cover) are included. So it's an all in one. Based on prem, looks like target at accredited investor (higher value mass affluent).

Well, tho some of e funds seem out of reach to retail investor, if gg via strat of making $$ work harder n assume individual is an accredited investor (to be offered such a plan), wld rather take up life policies (whole and/or term mix) n invest directly into hedge funds, mutual funds and alternative instruments (e.g. land banking, life settlement fund). A staggered sw/ to lower risk instruments (e.g. laddered endowment, dividend income portfolio) f retirement can be structured along e investing journey.

at least tt's wat i'll do. e fees n charges thro such all in one package nt attractive at all.

Seems there's quite a lot of difference in this ILP and the ones in Singapore. The Vista ILP has a limit of US$250,000 for Critical Illness while the local ILPs has $1mil Critical Illness. Also, only 15 Critical Illnesses are covered. In Singapore, it's 30. And the Critical Illness rider actually reduces the Death benefit because it is an accelerated benefit. Uncommon in ILPs.

The figures are assumed that the investments achieve a net return of 7%.

What is the claims experience like?

Also after looking at the fees above. I assume that it invests in mirror funds that are likely to mirror well-known funds that are already open to the retail market.

Imagine 2 mirror funds feeding on an underlying fund. One mirror fund open only to private banking and the other mirror fund open to retail market and yet both feed into the same underlying fund. I don't believe in exclusive funds. Check your prospectus and see which fund is the underlying fund. You will find that there will be a few funds that feed onto the underlying fund.

The bigger the fund the better it is.

[berserk]

I have been informed there is a 37.5% bonus units given to those who invest in Vista Int'l Life Investment plan. But the offer is valid till last week only.
Can someone give some insight into the reality of this info?

[jxluni3000]

berserk wrote:

I have been informed there is a 37.5% bonus units given to those who invest in Vista Int'l Life Investment plan. But the offer is valid till last week only.
Can someone give some insight into the reality of this info?

promotion is till 31st Mar and the bonus is upto 87.5% depend on how much you invest.

Belinda 96280661
Financial advisor from PIAS

[focus1974]

Wow.. up to 87.5%?

You mean if you invest $1mil, you get $1.875mil?
So.. if I invest now.. and then take out everything 1 year later, how much would I be entitled to?