| Virgin Money Climate Change ISA (Investment ISA) |
| Virgin Climate Change ISA could be suitable for you if you are looking for an investment that has the potential to outperform the stock market and you are prepared to accept a high risk in return. The Virgin Climate Change ISA invests in a wide range of mainly European companies that are delivering improved environment performances. |
| Location: UK |
Advantages:
1. Invest by transferring existing ISAs to us.
2. Take your money out whenever you need to - there are no notice periods.
3. The Virgin Climate Change ISA invests in specially selected businesses (predominantly in the UK and Europe) who aim to drive outstanding profit growth and have a lighter environmental footprint.
4. Full statement sent twice a year. |
Disadvantages:
1. There’s an annual management fee of 1.75%
2. There may be a 20% performance related fee, which we only earn if we outperform agreed benchmarks. This will be reflected in the unit price.
3. The value of your savings and the income you get from them can fall as well as rise, so you may not get back the amount you invested.
4. Governments can change the tax relief available to individuals and funds.
5. As this Fund invests outside the UK, the value of your investments may be affected by changes in currency exchange rates. |
Services:
1. You can withdraw your money over the phone or the internet whenever you need it. Your cheque should normally arrive within a few working days.
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| AER Rate: Dependent on fund |
| Interest Paid: Apply to confirm |
| Notice Period: No notice periods |
| Min Deposit: £500 |
| Max Deposit: £7,200 |
| Initial Fee: £0.00 |
| Exit Fee: £0.00 |
| Annual Management Fee: 1.75% |
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Products:
The Fund will invest primarily in liquid listed European equities of issuers in all sectors to develop a portfolio of securities of companies which benefit either directly or via sustained competitive advantage from pursuing environmentally aware capitalism |
Suitable For:
Experience investors with more risk appetite |
Conditions:
1. Pay in lump sums of £100 or more (there is a £500 minimum opening investment), or make regular monthly payments of £50 or more.
2. Prepared to accept more investment risk and invest for at least five years |
Restrictions:
1. Must be a UK Resident.
2. Invest up to £7,200 this tax year |
Introductory Offer:
N/A |
Terms and Conditions:
Minimum age is 18 years old. |
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