Notes on investment linked fund prices

IMPORTANT INFORMATION – PLEASE READ CAREFULLY

The following is applicable to the products Wealth Management Plan, Managed Capital Account, Managed Savings Account, Managed Pension Account, Collective Investment Bond and Executive Investment Bond:

• The products offered by Utmost International Isle of Man Limited (‘Utmost International’) are investment-linked assurance schemes (‘ILAS policies’). They are life assurance policies issued by Utmost International. Your investments are subject to the credit risks of Utmost International.
• The premiums you pay towards your ILAS policies, and any investments made by Utmost International in the underlying funds/assets you selected, will become and remain the assets of Utmost International. You do not have any rights or ownership over any of those assets. Your recourse is against Utmost International only.
• Your ILAS policies value will be calculated by Utmost International based on the performance of your selected underlying funds/assets.
• Due to the various fees and charges levied by Utmost International on your ILAS policies, the return on your ILAS policies as a whole may be lower than the return of the underlying funds/assets you selected.
• Early surrender/withdrawal of the ILAS policies may result in a significant loss of principal. Poor performance of underlying funds/assets may further magnify your investment losses, while all charges are still deductible.
• Do not rely on the website alone. The underlying funds/assets which you may choose can have very different features and risk profiles. Some may be of high risk. Investment involves risks. You should read the offering documents and the prospectus of the underlying funds/assets carefully.

In addition to the above, the following is further applicable to the products Collective Investment Bond and Executive Investment Bond:

• The products adopt an open platform of investment choices whereby you may choose any of the SFC authorised funds as the underlying funds of your ILAS policies. Furthermore, under the Executive Investment Bond, you may have also included other assets, such as stocks and bonds, as the underlying assets of your ILAS policies.
• You can only choose any SFC authorised funds as the underlying funds of your ILAS policies, as far as any future investments (through top-up (including transfer of existing fund) or switching-in) as from 1 March 2022 are concerned.
• You may also transfer your existing SFC authorised funds held in your name to Utmost International as a premium payment in kind. You will then cease to have any legal ownership or beneficial interest in the transferred funds. The title to your existing funds will be transferred to and become funds of Utmost International. Any cost incurred in effecting such transfer may be borne by you. Please note that depending on the fund class and legal process involved in transferring the title of the funds, it may take a long time to complete the fund transfer arrangement.
•   Some underlying funds which you may choose, and some underlying funds/assets which you chose, may be of high risk and may not be subject to any regulations. You should read the offering documents and the prospectus of the underlying funds/assets (which can be available from Utmost International) carefully. You must ensure that you fully understand the nature of and the risks associated with any underlying funds/assets.
• The SFC authorisation is not a recommendation or endorsement of a scheme, nor does it guarantee the commercial merits of a scheme or its performance.

Please confirm you have read the Important Information above by ticking this box.