Important Notes

General:

• Although Regent is usually able to discount, or rebate, some or all of the initial charges, all Invest Direct investments should still be held for the long-term.

• The information on this section of the website is provided solely to enable you to make your own decisions. The investments and/or investment services referred to may not be suitable for all investors. If you need advice, you should consult one of our Financial Advisers

• The price and value of investments and their income fluctuates: You may get back less than the amount you invested. Past performance should not be seen as an indication of future performance. Exchange rate fluctuations may also have an adverse effect on the value of non-UK shares.

• Where an investment is described as likely to yield income, or as being suitable for an investor who wants an income from his/her investments, you should bear in mind that income from investments may fluctuate and part of the capital may be used to pay that income.

• Rules on taxation can also change. The value to you of any tax benefits will depend on your own personal tax position. Within a PEP/ISA all gains will be free of capital gains tax, and a tax credit will be reclaimed on interest from fixed interest investments.

• Cancellation rights may not be available.

• The investments featured do not necessarily provide capital guarantees like a deposit account and are not readily accessible.

• In addition to any initial charge quoted there may be a bid/offer spread or dilution levy.

• Please note that a SIPP Wrapper is not currently regulated by the FSA and does not automatically give you entitlement to compensation under the Financial Services Compensation Scheme.

• Non-investment grade bonds are contained in some funds which carry a risk that the capital value of the fund will be affected because they have an increased risk of default on repayment by the issuing companies compared to investment grade bonds.

• Some investments (e.g. some AIM stocks) are less readily realisable than others and it may therefore be difficult to deal in or obtain reliable information about their value.

• Before transferring or liquidating an investment you should ascertain whether exit or initial charges will be levied and then carefully consider whether you believe it will be beneficial to you over the period of the investment to proceed. If investments are liquidated you may suffer a loss of income or growth, should the market rise, whilst the transfer remains pending.

Product Specific:

Annuity rates
These may change from time to time and are only guaranteed for a limited time period. An annuity is a long term investment as it cannot be cancelled or transferred to another provider once set up. It does not have a cash-in value. Annuities may have cancellation rights but these are only available for a limited period. Annuities are covered by the Financial Services Compensation Scheme. This acts as a safety net should an annuity company become unable to meet its annuity obligations.

Term Assurance
If you are applying for replacement cover, please do not cancel any existing policy until the new proposal has been accepted and is in force.

VCTs
VCTs are higher risk investments and although some VCTs may be viewed as less risky than others, investors should remember that VCTs as a whole are higher risk investments.