WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 Read the information we make available about your investment options carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • Readtheinitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments. 4.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator and the Trustees may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of the fund and us, and they may not act for us, the Administrator or the fund. 4.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and payment of fees to your financial planning business. You must check with the financial planning business that both the business and its representatives are authorised to give you advice on your investment in terms of the Financial Advisory and Intermediary Services Act. 4.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministrator,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereof, record the appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning business for each unit trust portfolio, and you must authorise this on the appropriate form. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning business and switch your investment into a class of units that does not include a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may no longer have access to the range of unit trust portfolios available to financial planning businesses. 4.3 Understand the implications of what it means to replace an existing financial product with another If your investment is a replacement (whole or in part) of another existing financial product, you must make sure you understand the actual and possible implications, costs and consequences of the replacement. 4.4 Use the fund’s instruction forms All your instructions to the fund must be completed and submitted (electronically or otherwise) on the latest prescribed forms that are available from our Client Service Centre, our secure website (if registered) or your financial planning business. 4.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund are accurate, clear and complete. 4.6 Choose your unit trust portfolios You are responsible for choosing (as your underlying investment) one or more unit trust portfolios, from those made available by the fund, that are suitable for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, visit our secure website, or contact your financial planner. 4.7 Make transfer contributions You may transfer those benefits as contributions to the fund as described in clause 2.3. Membership of the fund is voluntary which means that you become a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf. The minimum contribution amount is disclosed in the relevant fund documents and may change from time to time. 4.8 Phase-in your contributions You may phase your lump sum contributions, or your existing investment in the Nedgroup Investments Core Income Fund, into a unit trust portfolio(s) over such time periods specified by completing the relevant phase-in form. Your lump sum contribution will be invested in the Nedgroup Investments Core Income Fund wherefrom the phase-ins will be made. On completion of your phase-in, the market value of each designated unit trust portfolio selected must meet the investment minimums prescribed in the relevant fund documents.
Appears in 3 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 Read the information we make available about your investment options carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • Readtheinitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments.
4.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator and the Trustees may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of the fund and us, and they may not act for us, the Administrator or the fund.
4.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and • investinorswitchtheunittrustportfoliounderlyingyourinvestmenttoaunitclassthatallowsthecollection and payment of fees to your financial planning business. You must check with the financial planning business that both the business and its representatives are authorised to give you advice on your investment in terms of the Financial Advisory and Intermediary Services Act.
4.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministrator,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereof, record the appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning business for each unit trust portfolio, and you must authorise this on the appropriate form. • Ifafinancial planningfeethatispricedintotheunitpriceofaunittrustportfolioisnotauthorised, the Administrator will switch the investment into a class of units that does not include a financial planning fee. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning business and switch your investment into a class of units that does not include a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may no longer have access to the range of unit trust portfolios available to financial planning businesses.
4.3 Understand the implications of what it means to replace an existing financial product with another this investment If your this investment is a replacement (whole or in part) of another existing financial product, you must make sure you understand the actual and possible implications, costs and consequences of the replacement.
4.4 Use the fund’s instruction forms All your instructions to the fund must be completed and submitted (electronically or otherwise) on the latest prescribed forms that are available from our Client Service Centre, our secure website (if registered) or your financial planning business.
4.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund are accurate, clear and complete.
4.6 Choose your unit trust portfolios You are responsible for choosing (as your underlying investment) one or more unit trust portfolios, from those made available by the fund, that are suitable for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, visit our secure website, or contact your financial planner.
4.7 Make transfer contributions You may transfer those benefits as contributions to the fund as described in clause 2.3. Membership of the fund is voluntary which means that you become a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf. The minimum contribution amount is disclosed in the relevant fund documents and may change from time to time.
4.8 Phase-in your contributions You may phase your lump sum contributions, or your existing investment in the Nedgroup Investments Core Income Fund, into a unit trust portfolio(s) over such time periods specified by completing the relevant phase-in form. Your lump sum contribution will be invested in the Nedgroup Investments Core Income Fund wherefrom the phase-ins will be made. On completion of your phase-in, the market value of each designated unit trust portfolio selected must meet the investment minimums prescribed in the relevant fund documents.
Appears in 3 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 Read the information we make available about your investment options carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • ReadtheinitialinvestmentformReadtheInitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments.
4.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator The Insurer and the Trustees us may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of us and the fund and usInsurer, and they may not neither act for us, us nor the Administrator or the fundInsurer.
4.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator us written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and linkallyourpoliciestoyourappointedfinancialplanningbusiness;and • investinorswitchtheunittrustportfoliounderlyingyourpolicytoaunitclassthatallowsthecollectionand payment of fees to your financial planning business. You must check with the financial planning business that both the business and its representatives are authorised to give you advice on your investment this policy in terms of the Financial Advisory and Intermediary Services Act.
4.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministrator,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereofWewill cancel theexistingappointmentandall financial planningfeespayableintermsthereof, record the recordthe appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning business for each unit trust portfolio, portfolio and you must authorise this on the appropriate form. • Ifafinancial planningfeethatispricedintotheannual portfoliomanagementfeethatformspartofthe published unit price of your unit trust portfolio is not authorised, we will switch your investment into a class of units that does not include a financial planning fee. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning business and switch your investment into a Wewillcanceltheappointmentofyourexistingfinancialplanningbusinessandswitchyourinvestmentintoa class of units that does not include a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may Wewill sendyouconfirmationoftheswitchandtheterminationoftheappointmentandyouwill nolonger have access to the benefits of financial advice or the range of unit trust portfolios available to financial planning businesses. You will no longer have access to the range benefits of unit trust portfolios financial advice or the policy options available to financial planning businesses.
4.3 Understand the implications of what it means to replace an existing financial product with another this policy If your investment this policy is a replacement (whole or in part) of another existing financial productproduct you own, you must make sure you understand the actual and possible implications, implications costs and consequences of the replacement.
4.4 Use the fund’s our instruction forms All your instructions to the fund us must be completed and submitted (electronically or otherwise) on the our latest prescribed forms that are available from our Client Service Centre, our secure website (if registered) or your financial planning business.
4.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund us are accurate, clear and complete.
4.6 Choose your unit trust portfolios You are responsible for choosing (as your policy’s underlying investment) one or more unit trust portfolios, from those made available by the fundInsurer, that are suitable right for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund Insurer may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, or visit our secure website, or contact your financial planner. The unit trust portfolios underlying your policy are made up of assets such as equities, bonds, property and cash. These asset classes have different levels of risk and returns associated with them. It is important to review the overall composition of the policy. Too high a proportion of risky assets means there is a greater risk of losing capital while too low a proportion of risky assets means there is a risk that investment returns may be too low to sustain your desired annuity income. While there are no specific prescribed limits for the policy – please take into account the limits that the Pension Funds Act prescribes for pre-retirement investments through any approved retirement fund. These limits regulate the maximum exposure to the different asset classes that a retirement fundandindividualmemberofthefundmayhavetoprotecttheirsavings;andthereforegiveguidanceonwhat you may regard as prudent investment limitations. While the regulated limits apply while you are saving up to your retirement through an approved retirement fund, after retirement, when you are normally dependent on receiving a regular and stable income, a more conservative approach to asset selection may be desirable. It may therefore be useful to refer to these limits to assess the overall asset composition of the policy. Broadly speaking the maximum exposure that retirement funds may have to the various asset classes are as follows: • 75%toequityinvestments; • 50%tonon-governmentdebtinstruments; • 25%toofshoreinvestments; • 25%topropertyinvestments; • 15%tohedgefunds,privateequityfundsandanyotherassetnotspecificallymentionedaggregatedtogether; and • 10%tocommoditieslikegold. This is however not a substitute for professional financial advice because these limits do not consider your personal circumstances.
4.7 Make Purchase the policy and transfer contributions You may transfer those benefits as contributions to the fund as described in clause 2.3. Membership of the fund is voluntary which means that you become a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf. The minimum contribution amount is disclosed in the relevant fund documents and may change from time to time.
4.8 Phase-in your contributions You may phase your lump sum contributions, or your existing investment in the Nedgroup Investments Core Income Fund, into a unit trust portfolio(s) over such time periods specified by completing the relevant phase-in form. Your lump sum contribution will be invested in The Insurer does not accept cash contributions. Subject to the Nedgroup Investments Core Income Fund wherefrom requirements of legislation and the phase-ins will be made. On completion of your phase-inregulatory authorities, the market value of each designated unit trust portfolio selected must meet following benefits may be transferred as a lump sum contribution to the investment minimums prescribed in the relevant fund documents.policy: • Retirementbenefitsreceivedfromaretirementfund;or
Appears in 2 contracts
Samples: Investment Agreement, Investment Agreement
WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 Read the information we make available about your investment options choices carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • ReadtheinitialinvestmentformReadtheInitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour Carefullyconsideralinvestmentrisksandmakesurethatyouunderstandtherelationshipbetween your investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments.
4.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator The Insurer and the Trustees us may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of the fund Insurer and us, and they may not neither act for the Insurer nor us, the Administrator or the fund.
4.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator us written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and linkallyourpoliciestoyourappointedfinancialplanningbusiness;and • investinorswitchtheunittrustportfoliounderlyingyourpolicytoaunitclassthatallowsthecollectionand payment of fees to your financial planning business. You must check with the financial planning business that both the business and its representatives are authorised to give you advice on your investment this policy in terms of the Financial Advisory and Intermediary Services Act.
4.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministratorWewillcanceltheexistingappointmentandallfinancialplanningfeespayableintermsthereof,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereof, record the appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning •Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancial planning business for each unit trust portfolio, portfolio and you must authorise this on the appropriate form. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning business and switch your investment into a Wewillcanceltheappointmentofyourexistingfinancialplanningbusinessandswitchyourinvestmentintoa class of units that does not include allow for a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may no longer have access to the range of unit trust portfolios available to financial planning businessesWewillsendyouconfirmationoftheswitchandtheterminationoftheappointment.
4.3 Understand the implications of what it means to replace an existing financial product with another If your investment this policy is a replacement (whole or in part) of another existing financial productproduct you own, you must make sure you understand the actual and possible implications, implications costs and consequences of the replacement.
4.4 Use the fund’s our instruction forms All your instructions to the fund us must be completed and submitted (electronically or otherwise) on the our latest prescribed instruction forms that are available from our Client Service Centre, our secure website (if registered) or your financial planning businessplanner.
4.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund us are accurate, clear and complete.
4.6 Choose your unit trust portfolios You are responsible for choosing (as your policy’s underlying investment) one or more unit trust portfolios, from those made available by the fund, Insurer that are suitable right for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund Insurer may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, visit our secure website, or contact your financial planner.
4.7 Make transfer contributions The Insurer does not accept cash contributions. You may transfer those benefits as make the following contributions (subject to limitations set out in the fund as described latest relevant form) in clause 2.3South African rands: • Initialoradditionallumpsumsbyelectronicfundtransfer. Membership • Electroniccollectionoflumpsums(once-of the fund is voluntary which means debits). • Chequedeposit. • Recurringmonthlycontributionsbydebitorder. You must make sure that you become make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution amount for your policy is disclosed in the relevant fund documents investment form and may change from time to time. You may stop making contributions to the policy at any time.
4.8 Phase-in your contributions You may phase your lump sum contributions, or your existing investment in the Nedgroup Investments Core Income Fund, into a unit trust portfolio(s) over such time periods specified by completing the relevant phase-in form. Your lump sum contribution will be invested in the Nedgroup Investments Core Income Fund wherefrom the phase-ins will be made. .On completion of your phase-in, the market value of each designated unit trust portfolio selected must meet the investment minimums prescribed in the relevant fund documentsforms. You may not elect to phase your contribution into a unit trust portfolio from which a recurring withdrawal has been requested.
4.9 Appoint a life assured You must appoint at least one life assured which can be you or any other person. The life assured must be a natural person. The existence of the policy is tied to the life of the life assured. The death of the life assured, or if there is more than one life assured when the last life assured dies, will bring the policy to an end and will result in payment of the proceeds of the policy. You can add another life assured but cannot remove or replace an existing life assured.
Appears in 2 contracts
Samples: Investment Agreement, Investment Agreement
WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 5.1 Read the information we make available about your investment options carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • Readtheinitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment Readtheinitial investment form, therelevant PortfolioCharacteristicsdocument andthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour Carefullyconsiderall investmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments.
4.2 5.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator and the Trustees We may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of the fund and us, us and they may not act for us, the Administrator or the fund.
4.2.1 5.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator us written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and payment of fees to your linkallyourinvestmentswithustoyourappointedfinancialplanningbusiness;and • investinorswitchyourinvestmenttoaunitclassthatallowsthecollectionandpaymentoffeestoyour financial planning business. You must check with the your financial planning business that both the business and its representatives are authorised to give you advice on your investment in terms of the Financial Advisory and Intermediary Services Act.
4.2.2 5.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministrator,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereofWewill cancel theexistingappointmentandall financial planningfeespayableintermsthereof, record the recordthe appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning business for each unit trust portfolio, portfolio and you must authorise this on the appropriate form. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning business and switch your investment into a Wewillcanceltheappointmentofyourexistingfinancialplanningbusinessandswitchyourinvestmentintoa class of units that does not include a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may no longer Wewill sendyouconfirmationoftheswitchandtheterminationoftheappointmentandyouwill nolonger have access to the benefits of financial advice or the range of unit trust portfolios available to financial planning businesses.
4.3 5.3 Understand the implications of what it means to replace an existing financial product with another this investment If your this investment is a replacement (whole or in part) of another existing financial productproduct you own, you must make sure you understand the actual and possible implications, costs and consequences of the replacement.
4.4 5.4 Use the fund’s our instruction forms All your instructions to the fund us must be completed and submitted (electronically or otherwise) on the our latest prescribed forms that are available from our Client Service Centre, our website (xxx.xxxxxxxxxxxxxxxxxxx.xx.xx), our secure website (if registered) ), or your financial planning business.
4.5 5.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund us are accurate, clear and complete.
4.6 5.6 Choose your unit trust portfolios You are responsible for choosing (as your underlying investment) one or more unit trust portfolios, from those made available by the fundus, that are suitable for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund We may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, visit our secure website, website or contact your financial planner.
4.7 5.7 Make transfer contributions We do not accept cash contributions. You may transfer those benefits make the following contributions (subject to limitations as contributions to set out in the fund as described latest relevant forms) in clause 2.3South African rands: • Initialoradditionallumpsumsbyinternettransfer(paymentbyEFT). Membership • Electroniccollectionoflumpsums(once-of the fund is voluntary which means debits). • Chequedeposits. • Recurringmonthlycontributionsbydebitorder. You must make sure that you become make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution amount is disclosed in the relevant fund documents forms and may change from time to time. The annual and lifetime limits on your contributions that qualify for the tax-free treatment within the product account are disclosed in the initial application form and may change from time to time. Any contribution(s) over and above the annual and lifetime limits will be taxed by the South African Revenue Services at a flat rate of forty per cent of such contribution.
4.8 Phase5.8 Reinvestment of the income distributed from your investment The return from your investment may come from either capital growth or income - depending on the type of assets in the unit trust portfolio you choose. If the income is more than the total expenses of the unit trust portfolio, we distribute this to you monthly, quarterly, bi-annually or annually. If the total expenses are more than the income earned, the unit trust portfolio will not make a distribution. The income from your unit trust portfolio will be reinvested back into your unit trust portfolio. We will use the income to buy you more units in your contributions You may phase unit trust portfolio, which will increase the value of your lump sum contributionsinvestment.
5.9 Send your instructions to Nedgroup Investments You, the person you have authorised or your existing investment financial planner must send us your instruction as specified on the relevant form.
5.10 Check the confirmation and report errors in the Nedgroup Investments Core Income Funddocuments we send to you You must read the correspondence we send you carefully and promptly. If you find any errors, into a please report them to us as soon as possible.
5.11 Keep copies of all correspondence about your product account and investment You, the person you have authorised or your financial planning business (or both if applicable), must keep copies of all the instructions sent to us, as well as all communication we send you about your product account and investment.
5.12 Check your unit trust portfolio regularly You must check your unit trust portfolio(s) over such time periods specified by completing regularly, especially if the reasons you invested or your financial circumstances change, to make sure that your investment continues to suit your needs.
5.13 Update your details You must complete the relevant phase-details change form if your personal details change. This includes, but is not limited to, changes to your bank and contact details (residential, postal and email addresses). We may ask you to send us supporting documentation as proof of certain changes. Should you fail to inform us of any personal detail change and we are unable to reach you on the contact details provided, your investment may become unclaimed. In the event of an unclaimed investment we will attempt to contact you on the last known contact information provided (referencing our internal data base and failing that an external data base). Following these steps, and after a certain period of time, we are still unable to contact you we will appoint an external tracing company to trace you. The use of an external tracing company may incur costs which may be deducted from the value of your investment if you are traced.
5.14 Register for online access Once your initial investment form has been processed and you have received your investor number, you may register to view and manage your investments online via our secure website. For access, please go to our website (xxx.xxxxxxxxxxxxxxxxxxx.xx.xx) and click on ‘register’. You will be required to accept our secure website terms and conditions and you are responsible for keeping your online registration details (including your username and password) in a safe and secure place.
5.15 Switch between unit trust portfolios You may switch between the available unit trust portfolios at any time by submitting a fully completed switch form. Your lump sum contribution will be invested A switch instruction has two parts: selling units in the Nedgroup Investments Core Income Fund wherefrom the phase-ins will be made. On completion of your phase-in, the market value of each designated one unit trust portfolio selected must meet and buying units in another unit trust portfolio. Aswitchinstructionisnormallyprocessedonthesamebusinessday;however,theremaybetimeswhenitisnot.
5.16 Withdraw part or all of your investment You may withdraw some or all of your investment by selling the units in your unit trust portfolio account on any business day. If the value of your investment minimums prescribed in any unit trust portfolio is less than our minimum allowed balance, as disclosed in the relevant fund documentsforms, and you do not have a debit order in place, we will withdraw your investment held in such unit trust portfolio and pay you the entire investment amount.
5.17 Transfer ownership of your investment You may not transfer ownership of your investment to another person.
5.18 Use your investment as security (security cession) You may not use your investment as security for your obligation to a third party.
5.19 Cast your vote if a change is proposed to a unit trust portfolio Before certain changes can be made to a unit trust portfolio in which you are invested (for example a change in the investment mandate of the unit trust portfolio), we will ask you to vote about the proposed change. We cannot vote on your behalf.
5.20 Answer our requests to you for information We will ask you to give us information from time to time to comply with legislation and manage your investment efficiently. Please respond to our requests promptly.
Appears in 1 contract
Samples: Investment Agreement
WHAT ARE YOUR RIGHTS AND RESPONSIBILITIES. 4.1 Read the information we make available about your investment options carefully You are responsible for your investment decisions and must carefully consider whether this investment is suitable for your needs. • Readtheinitialinvestmentform,therelevantPortfolioCharacteristicsdocumentandthisinvestment Readtheinitial investment form, therelevant PortfolioCharacteristicsdocument andthisinvestment agreement before making your investment. • Carefullyconsiderallinvestmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour Carefullyconsiderall investmentrisksandmakesurethatyouunderstandtherelationshipbetweenyour investment objectives, your investment and the risk and returns on your investment. Every investment has some degree of risk and it is possible to lose some or all of your money when you invest. • Makesurethatyouunderstandthefeesexplainedinthesedocuments.
4.2 Appoint or change the financial planning business that provides you with financial advice We, the Administrator and the Trustees may only give you information about your investment options and may not give you advice on whether any investment is suitable for your needs. If you need financial advice, it is your responsibility to appoint a financial planning business. All financial planning businesses (including Nedbank Financial Planning) are independent of the fund and us, and they may not act for us, the Administrator or the fund.
4.2.1 Appoint a financial planning business You may appoint a financial planning business by completing the appropriate form provided by the financial planning business or us. You must give the Administrator written permission to: • linkallyourinvestmentstoyourappointedfinancialplanningbusiness;and • investinorswitchtheunit rustportfoliounderlyingyourinvestment oaunitclassthatalowsthecollectionand payment of fees to your financial planning business. You must check with the financial planning business that both the business and its representatives are authorised to give you advice on your investment in terms of the Financial Advisory and Intermediary Services Act.
4.2.2 Change your financial planning business You may terminate the appointment of your current financial planning business and appoint a new one at any time by completing the appropriate form. • TheAdministrator,onbehalfofthefund,willcanceltheexistingappointmentandallfinancialplanningfees payable in terms thereof, record the appointment of the new financial planning business and confirm the change with you. • Youmustspecifytheinitialandannualfinancialplanningfeesthatyouagreewithyournewfinancialplanning business for each unit trust portfolio, portfolio and you must authorise this on the appropriate form. • Ifafinancial planningfeethatispricedintotheunitpriceofaunittrustportfolioisnotauthorised, the Administrator will switch your investment into a class of units that does not include a financial planning fee. You may terminate the appointment of your current financial planning business and choose not to appoint a new one. • TheAdministrator,, onbehalfofthefund,willcanceltheappointmentofyourexistingfinancialplanning , will cancel theappointmentofyourexistingfinancial planning business and switch your investment into a class of units that does not include a financial planning fee. • TheAdministrator,onbehalfofthefund,willsendyouconfirmationoftheswitchandtheterminationofthe appointment and you may no longer have access to the range of unit trust portfolios available to financial planning businesses.
4.3 Understand the implications of what it means to replace an existing financial product with another this investment If your this investment is a replacement (whole or in part) of another existing financial product, you must make sure you understand the actual and possible implications, costs and consequences of the replacement.
4.4 Use the fund’s instruction forms All your instructions to the fund must be completed and submitted (electronically or otherwise) on the latest prescribed forms that are available from our Client Service Centre, our secure website (if registered) or your financial planning business.
4.5 Provide complete and accurate information You must make sure that all of the instructions, documents and information that you give the fund are accurate, clear and complete.
4.6 Choose your unit trust portfolios You are responsible for choosing (as your underlying investment) one or more unit trust portfolios, from those made available by the fund, that are suitable for your investment needs and risk profile. There is no default option and you will not become a member of the fund unless you choose one or more unit trust portfolios. The fund may change the unit trust portfolios available to you from time to time. To see whether a unit trust portfolio is available, contact our Client Service Centre, visit our secure website, or contact your financial planner.
4.7 Make transfer contributions The fund does not accept cash contributions. You may transfer those benefits as make the following contributions (subject to the fund as described in clause 2.3. Membership of the fund is voluntary which means that you become a member by choice. There is no obligation on the fund to ensure the transfer of contributions are made on your behalf. The minimum contribution amount is disclosed limitations set out in the latest relevant fund documents and may change from time to timeform) in South African rands: • Initialoradditionallumpsumsbyinternettransfer(paymentbyEFT). • Electroniccollectionoflumpsums(once-of debits). • Chequedeposits. • Recurringmonthlycontributionsbydebitorder.
4.8 Phase-in your contributions You may phase your lump sum contributions, or your existing investment in the Nedgroup Investments Core Income Fund, into a unit trust portfolio(s) over such time periods specified by completing the relevant phase-in form. Your lump sum contribution will be invested in the Nedgroup Investments Core Income Fund wherefrom the phase-ins will be made. On completion of your phase-in, the market value of each designated unit trust portfolio selected must meet the investment minimums prescribed in the relevant fund documents.
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Samples: Investment Agreement
