At the end of 2019, we introduced an innovative and unique feature – and an important industry first – to all our plans: the Tempo pledge: ‘Stated terms or better’.
We introduced our pledge as part of our aim to ‘do the right things – and do simple well’, to redefine structured products for Professional Advisers and their clients.
It is designed to allow us to improve the terms of our plans above the terms stated in plan brochures, if the stock market and other factors during an offer period mean that we can do so.
For example, if a plan brochure detailed a particular option as offering a potential return of 10% p.a., if stock market movement and other factors meant that we could increase this during the offer period, the actual terms could become, say, 10.25% p.a., which would be confirmed following the start date.
The pledge gives us the opportunity to pass the benefit of stock market movement which could result in improved terms for investors during an offer period on to investors in our plans. The terms of our plans will always be at least those stated in our plan brochures – the pledge can only ever increase and improve the terms of a plan above the stated terms.
Example of the Tempo pledge: ‘Stated terms or better’ in action include:
If you would like to discuss the ‘Tempo pledge: Stated terms or better’ please call us on 020 7391 4551, or email us at info@temposp.com
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