FAQs : Frequently
Asked Questions
● Are
you really independent?
● Do
you charge for a consultation?
● Who
manages my investments?
● How
secure is my investment?
● How
do I pay my premiums?
● What
happens if I move?
● What
happens If my usual consultant retires?
● Why
should I use you instead of my bank?
Are you really independent?
Yes there are no corporate shareholders and therefore
Spectrum advisers can select products and services from
a wide range of financial institutions, and monitor
their service. Spectrum values its independence and
monitors service from providers that it uses on a regular
basis.
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Do you charge for a consultation?
There is no charge for this and you are under no obligation
to follow any of our recommendations. In the event that
you were to follow any of the recommendations, commission
would be generated for Spectrum which in turn is how
the consultant is rewarded.
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Who manages my investments?
The funds that are associated with insurance products
are managed by investment professionals. Insurance Companies
offer a broad range of funds, some managed by their
own in-house managers; these are often very broadly
diversified funds of a general nature. Specialist funds,
focusing on particular geographic area or industry,
provided by external managers are also usually available.
In all cases the investment decisions are made to maximise
growth potential whilst adhering to the investment objective
and risk profile.
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How secure is my investment?
The assets (stocks, shares, bonds or other financial
instruments) are owned by trustees or nominees on behalf
of the insurance company with which the contract is
arranged. It is unlikely that an insurance company will
fail, nevertheless some jurisdictions offer investor
protection to ensure that policies are protected against
corporate failure.
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How do I pay my premiums?
In all cases, the payment is made direct to the institution;
Spectrum does not operate a client account. Depending
on the contract selected, funds may be transferred by
telegraphic transfer, a bankers draft or standing order.
Some insurance companies are able to collect contributions
by credit card.
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What happens if I move?
Spectrum has advisers based within Europe and it may
be possible to continue with a personal service provided
locally. We would maintain contact with you through
the normal methods of communication, including facsimile
and e-mail. Many companies allow access to your unit
statements and other account information, via the internet.
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What happens if my usual consultant retires?
Spectrum has a team of experienced advisers and this
will enable us to continue to provide advice and a high
level of service irrespective of changes in personnel.
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Why should I use you instead of my bank?
Spectrum recommends a variety of companies that have
been specifically chosen because of their strength in
that product or service. It is unlikely that a bank
have such quality in every aspect of financial product
and very often their recommendation will be for their
own products.
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