PMAS Guaranteed Investment Bond

Frequently asked questions

If you’ve got a question which isn’t answered here, please contact us.

You can find out more on the product information page and in the Key Features document.

What is the PMAS Guaranteed Investment Bond?

How flexible is it?

Where is my money invested?

What might I get back?

How will I know how my investment is doing?

How long will it take to complete the application form?

What documents do I need for verification of identity?

How do I apply?

After I have applied - who do I contact for updates?

What is the PMAS Guaranteed Investment Bond?

It is an investment designed for growth or income over the medium to long term, typically at least five years. It includes a small amount of life cover, important guarantees every five years and is available on a joint basis.

It is a non qualifying single premium whole of life insurance bond.

How flexible is it?

The Guaranteed Investment Bond is available to anyone between the age of 16 and 85. You can invest between £1,000 and £250,000 and make additional investments of £1,000 at any time.

There is no fixed term, so you can invest for as long as you like and make withdrawals at any time. But, to give your money the opportunity to benefit from potential growth, you should aim to leave it invested for at least five years.

Where is my money invested?

Your money is invested in the Police Mutual Life Fund. The Fund invests mainly in mix of company shares, property, bonds (which are a type of loan to governments or companies) and cash.

What might I get back?

The amount you get back will depend on how long you invest for, the performance of the fund, our charges, the withdrawals you make, the impact of tax and the outcome of our other business activities.

How will I know how my investment is doing?

We will send you a statement every year to let you know how your Guaranteed Investment Bond is doing. You can also call us on 0845 88 22 999 if you want a current value at any other time.

How long will it take to complete the application form?

If you’ve read through all the supporting literature before you begin to complete your application, and have the necessary information to hand, the application should take no more than 10 minutes.

What documents do I need for verification of identity?

To comply with money laundering regulations, we may carry out an on-line identity check with a reference agency when you apply. The agency will add a note to your credit record to show that an identity check has been made, but this information will not be available to anyone else and will not affect your credit rating.

You can find out more about why we need to check your identity on the Financial Services Authority website.

If you plan to send us a building society cheque or banker’s draft, please ensure that the issuer confirms the name and account number, either on the front or back of the cheque together with branch stamp, or with other supporting documentation.

How do I apply?

Before applying make sure you read the Key Features document and product information page.

You can:

It will take no more than ten minutes to apply and if you wish to receive an income from your investment, you will need to have your bank details handy.

After I have applied - who do I contact for updates?

We will treat your application as a priority. If you have any questions about the processing of your application, please call us on 0845 88 22 999.

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Before applying, make sure you read the:

- Key Features document

- Product information