Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
!"#$%&'()"'$*+',($-.&$(/"+0,$1&$-,-%2'3$4"$5"'(+6&.$
%"#&.$-',$7)',)8),+-0)(-2"'9!
!"#$%&'$()*+,-./-$
0-,12$3422/25*$
(6,/.$789:$
7$
:/&$&'8;$"*$4/&$#".0,$
8;8$
788;8$
<88;8$
=88;8$
>88;8$
9?888;8$
9?788;8$
9?<88;8$
9?=88;8$
3)2$7889$3)2$7887$3)2$788:$3)2$788<$3)2$788@$3)2$788=$3)2$788A$3)2$788>$3)2$788B$3)2$7898$3)2$7899$3)2$7897$
<$=6
)00)"'(>$
!C,6C,-+4$ D2E)*+,F$ G)H./I$*4I+C,$ J4+-/.$ KL-..$
KC),I4$M$(GJ($3)24$7897$(22)-.$K)64,-22)-1C2$N)..412$
:$
:/&.&$/-($1&&'$-$()3')?5-'4$(/)@$4"$AB&0*$C-'-3&,$B+%&.D$
8O$
98O$
78O$
:8O$
<8O$
@8O$
=8O$
A8O$
>8O$
B8O$
988O$
9BBA$ 7899$
J4+-/.$
G)H./I$K4I+C,$
!C,6PD2E)*+,F$
K0K%*$
KC),I4$M$(Q#$
<$
E/;$(+5/$-$(/)@FFFGGH$
D2R4*+C,*S$6,4T4,42I4$TC,$LC,4$IC2+,C.?$U4V/H/./+F$-2E$64,I4/R4E$-H/./+F$+C$C)+64,TC,L$-,4$+W4$L-/2$,4-*C2*$TC,$4*+-H./*W/25$-$K0K%$
8O$98O$78O$:8O$<8O$@8O$=8O$A8O$>8O$B8O$
988O$
KC),I4X $(Q#$&4Y$Q,)*+44$Z)4*1C22-/,4?$788>[$(GJ($
@$
I+4$4/&$%"%+0-2"'$)($5/-'3)'3$
8$
@$
98$
9@$
78$
7@$
:8$
:@$
<8$
<@$
7@\:<$ :@\<<$ <@\@<$ @@\=<$ =@]$
J"6
)'-0$K/-
'3&$LM$;&-.($4"
$N+'&
$OMLL$
KC),I4$M$(NK$:989;8$\4*1L-+4E$,4*/E42+$6C6).-1C2$HF$*/25.4$F4-,$CT$-54?$()*+,-./-$ KC),I4$M$D2+4,5424,-1C2-.$J46C,+??$()*+,-./-$+C$78@8$\$Q,4-*),F$$
8$
@$
98$
9@$
78$
7@$
9BA8$ 9BB8$ 7898$ 78:8$ 78@8$
=@\><$ >@$-2E$CR4,$
O$
=$
P3&$Q."?0&$"*$B+%&.-''+-2"'$1;$B&54".$
8O$
98O$
78O$
:8O$
<8O$
@8O$
=8O$
A8O$
>8O$
B8O$
988O$
!C,6C,-+4$ D2E)*+,F$ G)H./I$*4I+C,$-$ J4+-/.$
^$:@$F,*$ :@$\$<B$F,*$ @8$\$@B$F,*$ =8$\$=@$F,*$ _$=@$F,*$
KC),I4$M$(GJ($3)24$7897$(22)-.$K)64,-22)-1C2$N)..412$
A$
R+-'2*;)'3$4/&$1-1;$1""6&.$)6%-54$"'$4/&$*+4+.&$"*$B+%&.-''+-2"'$
KC),I4X$(GJ(?$K)64,$KF*+4L$J4R/4Y?$%4H$7899$
8;88$ 8;@8$ 9;88$ 9;@8$ 7;88$ 7;@8$ :;88$ :;@8$
78:@$
7898$
(II)L).-1C2$ `,-YECY2$
>$
:/&$!&'.;$:-S$T&8)&#$OMLM$
"#$%&'()*!+$,!-%)!+.+/0+10,!/-!)2,!3+$4,)!)%!(%.,$!)2,!1$%+&!$+-5,!%6!7$,6,$,-(,*!%6!$,8$,,*!/-!+(2/,./-5!*,('$/)9!%6!/-(%3,:!;2/*!/*!!+!*)$'()'$+0!<,+4-,**!/-!)2,!='*)$+0/+-!$,8$,3,-)!/-(%3,!*9*),3:!!;2,!3+/-!7$%&'()!%-!)2,!3+$4,)!)2+)!&%,*!+(2/,.,!)2/*!*,('$/)9!!%6!/-(%3,!/*!+!5'+$+-),,&!/-(%3,!6%$!0/6,>!?/.,-!)2,!&/.,$*,!7$,6,$,-(,*!%6!$,8$,,*@!+!*/-50,!7$%&'()!/*!'-0/4,09!)%!*+8*69!+00!7,%70,!<2%!</*2!)%!3+-+5,!)2,/$!0%-5,./)9!$/*4:!;2/*!*'55,*)*!!+!-,,&!6%$!7$%&'()!/--%.+8%-!</)2/-!)2,!='*)$+0/+-!3+$4,)A$KC),I4$M$a42,F$(%QK$J4R/4Y$
B$
K"6%"+',)'3$*+4+.&$%."10&6$
b,CY+W$CT$K0K%P04LH4,$
!WC/I4$
`4LC5,-6W/I$KW/c$
d-Ie$CT$,41,4L42+$*C.)1C2*$
f2E4,$/2R4*+L42+$/2$-EL/2$*F*+4L*$
QCLC,,CY*$G,CH.4Lgg$
98$
:"6".."#($4.&',F$".$4",-;U($'&&,H$
9; D2E/R/E)-./*-1C2$$
7; D2ICL4$/2$J41,4L42+$KC.)1C2*$
99$
E/;$)($)',)8),+-0)(-2"'$)6%".4-'4H$
:/&$%."10&6$1&)'3$4/-4$5"00&528&$6-'-3&6&'4$0&-,($4"$)'&V5)&'4$-((&4$-00"5-2"'FFF$
K"'8&'2"'-0$(4.-4&3)&($-.&$6-'-3&,$5"00&528&0;$$
P((&4$P00"5-2"'$=".)&'4-2"'$4"#-.,($4/&$
-8&.-3&$%-.4($"*$4/&$%"%+0-2"'>$
:8$F4-,*$+C$./T4$4R42+$
78$F4-,*$+C$./T4$4R42+$
98$F4-,*$+C$./T4$4R42+$
A$F4-,*$+C$./T4$4R42+$
@$F4-,*$+C$./T4$4R42+$
W&*&'()8&$
X."#4/$
97$
Q."4&52"'$'&&,($8-.;$4/."+3/"+4$;"+.$0)*&$-',$-.&$,)Y&.&'4$*".$&8&.;"'&$
Val
ue
Time \ Life stage
Partial capital guarantee
Capital guarantee
High watermarkLock in(80%)
NAV protection
Contributions
Income protection
Draw down
9:$
B;(4&6($'&&,$4"$-55"66",-4&$-$.-'3&$"*$*+4+.&$("0+2"'($
`Dh$$(22)/14*$
G,C+4I+4E$J41,4L42+$(IIC)2+*$
• D2E/R/E)-./*4E$-IIC)2+$H-*4E$6,C+4I1C2$• a/5W.F$U4V/H/./+F$-2E$+,-2*6-,42+$• (H/./+F$+C$IC2i5),4$+4,L?$64,I42+-54$6,C+4I1C2$• 0-,e4+$./2e4E$Y/+W$E4i24E$L/2/L)L$C)+ICL4$
• G,CR/E4E$C2\6.-jC,L$)*/25$-$H-*e4+$CT$*4k)42I4E$CT$l4,C$IC)6C2$+4,L$E46C*/+*$
• Q42E$+C$H4$*WC,+$+C$L4E/)L$+4,L$/2$E),-1C2$
(22)/14*$mQ4,L?$`4T4,,4En$
• G,CR/E4E$C2\6.-jC,L$HF$/2+45,-1C2$/2+C$*64I/-./*+$6,CR/E4,$o$./T4$ICL6-2F$• GC./IF$H-*4E$6,CE)I+$TC,$+4,L?$C642$42E4E$C,$E4T4,,4E$• Q42E$+C$H4$.C25$+4,L$/2$2-+),4$-2E$6C+421-..F$./T41L4$H-*4E$
0-2-54L42+$#R4,.-F*$
• 0CE4.$CR4,.-F*$6,CR/E4E$HF$+W/,E$6-,+F$*64I/-./*+$• G,CE)I+$T4-+),4*$E4+4,L/24E$HF$+W/,E$6-,+F$*64I/-./*+$
9<$
K"'50+()"'($
• 04LH4,*$Y-2+P244E$IWC/I4$-2E$U4V/H/./+F$-2E$*WC).E2p+$W-R4$$+C$qK4.T$0-2-54S$+C$,4I4/R4$IWC/I4$
• 04LH4,*$244E$H4r4,$6,CE)I+$6,CR/*/C2$q-+S$-2E$q/2S$,41,4L42+$
• "R4,FC24$/*$E/s4,42+$-2E$2C$C24$*/l4$i+*$-..$*C.)1C2$Y/..$YC,e$
• !WC/I4$EC4*2S+$W-R4$+C$L4-2$/2I,4-*4E$IC*+$
• Q4IW2C.C5F$/*$C)+$+W4,4$+C$E4./R4,$/2E/R/E)-./*-1C2$-2E$E4./R4,$$C2$+W4$6,CE)I+$6C**/H/./14*$