SILO Flashcards
What products does Silo offer?
ISA/JISA/Main
What are the 5 investment plans available on Silo and which plan is best for those with a higher NATR?
S I L O K - K is for the highest
SILO Fees
Flat 75bps. Must be noted that there are also the fund fees which are 20bps - to 50bps
Name 3 of the different ways to save with Silo
Regular monthly direct debits, through the silo saving scheme (smart investing) whereby it works out how much cash you can afford (links up to your bank account) and finally through ad-hoc ‘boosts’
When is Silo suitable for a prospect?
When it is considered that that the client doesn’t have sufficient capital for AIS/MIS/PMS. Usually under £20k (younger savers)
What date does the direct debit get taken
Second Tuesday of every month
What type of investments?
All open-ended (Low cost unit trusts) 0.2-0.5%
how many funds in their selection?
18
What day is the cash invested?
Investment is carried out the Tuesday after the direct debit has been collected. T
What criteria do investors need to meet to invest?
minimum age 18, be a UK citizen or have lived in the UK for 3yrs
What is the minimum FPS payment for SILO?
£100
Who runs the Gilt saver service?
Matt Malek
What are the fee’s for the Gilt saver Service?
0.6% inc VAT
What is the benchmark for the Global Midcap ?
MSCI World Mid Cap Growth
What are the fee’s for the Global Midcap Service?
1.35% and then 1.2% over 1mill
Which sub sectors have limited investment opportunities for the Inheritance tax Service?
Oil & Gas, Basic Resources, Property
What is the Inheritance Tax rate for 24/25?
£325k – 40% thereafter
