SILO Flashcards
1
Q
What products does Silo offer?
A
ISA/JISA/Main
2
Q
What are the 5 investment plans available on Silo and which plan is best for those with a higher NATR?
A
S I L O K - K is for the highest
3
Q
Cost of SILO
A
0.75% + fund manager fees of 0.20%-0.50%
4
Q
3 way of investing in SILO
A
- reg monthly direct debits
- SILO saving scheme, works out how much you can afford to save
- ad-hoc payments
5
Q
Min FPS payment
A
£100
6
Q
Criteria to invest
A
min age 18, UK citizen or have lived here for 3 years
7
Q
How many funds in SILO
A
16
8
Q
What day is cash invested or date DD gets taken
A
Tues (second Tues of every month)
9
Q
Type of investments
A
open -ended low cost unit trust
10
Q
When is it suitable
A
Usually under 20k, young savers who don’t have sufficient capital for other services
