Investment Plans - Navigator

About Navigator

• About Navigator
• The Team Behind Navigator
• Maximum Flexibility – Choose, then Choose Again
• 24/7 Access to Important Investment Information and Reports
• Convenience of an Investment Administrator

About Navigator

Navigator is an integrated investment portfolio administration service that functions like a hub to bring together the products and tools for you and your Financial Adviser to efficiently manage your investment portfolio.

Once you and your Financial Adviser have determined your investment profile and objectives, the Navigator platform makes it simple to structure a suitable investment portfolio with an extensive range of funds for you to choose from. All you have to do is decide with your Financial Adviser which funds to pick, and Navigator does all the rest, an arrangement that is not only cost-efficient (no matter how many different funds you invest in, you are charged on the basis of a consolidated portfolio and not at individual fund level), but time-efficient as well, giving you the freedom to focus on other things in life.

After all, with a Navigator Investment Account, you can take in the full perspective of your investment position at a glance to get a comprehensive indication of where you are in meeting your financial goals, so you can always be brought instantly up-to-date on the performance of your portfolio.

What's more, as a Navigator investor, you will have access to Aviva Online, a secured web portal, which provides an effortless way for you to access services like quality investment tracking and consolidated reporting. Investing just got easier, with Navigator.

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The Team Behind Navigator

The Navigator platform is administered by Navigator Investment Services Ltd (the "Company"), which is licensed by the Monetary Authority of Singapore as a Capital Markets Services (CMS) Licensee under the Securities and Futures Act (Cap. 289), to deal in securities and provide custodial services.

The Company is a wholly owned subsidiary of Aviva plc, which as of December 2008, is the world's fifth largest insurance group based on gross worldwide premiums and the biggest in the UK. In Singapore, the Company shares the Management Team of Aviva Ltd.

By combining Aviva Ltd's local expertise with the financial strength of the Aviva group, the Company is able to offer a world-class investment platform to both investors and Financial Advisers, making investing a simpler, better and smarter experience.

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Maximum Flexibility – Choose, then Choose Again

With partnerships extending to both local and internationally renowned Fund Managers, Navigator takes pride in delivering to you an impressive range of quality funds managed by world-class investment talent.

Navigator also teams up with several Financial Advisory Firms, whose qualified representatives are able to advise you on structuring an investment portfolio to match your personal risk profile and financial objectives.

Add this to the suite of Investment Plans available on the Navigator platform, and the freedom to select from a vast array of funds spanning different asset classes, geographical sectors and market sectors, you are assured of having access to the right tools to help you build a diversified portfolio to meet your particular investment needs, whilst managing the investment risks.

And when necessary to do so, re-balancing your investment portfolio could not be easier with fund switches transacted using the Aviva Online Straight-Through Processing (STP) feature for Navigator, so you can ensure that your portfolio continues to reflect your risk tolerance, time horizon and financial goals, even if your circumstances or plans change.

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24/7 Access to Important Investment Information and Reports

Access your Investment Account through Aviva Online, 24 hours a day, 7 days a week.

Aviva Online acts as a "one-stop shop" for you to record and track your investments by providing you with all the essential information on your Investment Account, and even consolidated reports, in one place. This means that you and your Financial Adviser will always be able to get the information you need, whenever, and wherever, you need it.

Whether it's data on portfolio performance or market conditions, the answer is never more than a few clicks away.

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Convenience of an Investment Administrator

As an Investment Administrator, Navigator is able to draw consolidated amounts directly from your CPF Agent Bank for all your CPFIS Ordinary Account (CPFIS-OA) investments, which not only helps you save on Agent Bank charges, but reduces the time it takes for a CPFIS-OA transaction to complete as well, meaning you'll have quicker time to market for all your CPFIS investments.

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How it Works

• Investment Account
• Custody of Assets
• Cash Accounts
• Opening an Investment Account
• Contract Currencies
• Accredited Investment Plans
• Easy Save Option
• Regular Cashback Facility
• Investment Transactions
• Monitoring Investments
• Transacting Via Aviva Online
• Right to Cancel
• Maximum Balance for SGD Cash Accounts
• Minimum Investment and Withdrawal / Redemption Levels
• Funds Finder
• Downloads

Investment Account

Your Investment Account is essentially made up of:

• all investments in your Investment Plan(s); and
• all monies held in any Cash Account(s) established in respect of your Investment Plan(s) (if applicable).

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Custody of Assets

For all investment assets held under an Investment Account, a custodian (the "Custodian") is appointed to hold such assets on behalf of all Navigator investors.

Currently, Navigator is performing the role of the Custodian in relation to all investment assets held under the Investment Accounts of all Navigator investors. Navigator is licensed by the Monetary Authority of Singapore as a Capital Markets Services Licensee under the Securities and Futures Act (Cap. 289) to provide Custodial Services.

There are currently no expenses or costs payable for custodial services.

For further details on the role of the Custodian, please read the section on "Custodial Services" under the Investment Account Terms and Conditions.

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Cash Accounts

A Cash Account may be established in respect of certain Investment Plans held by you, in accordance with the provisions of the Investment Account Terms and Conditions.

Monies held under any Cash Account are placed in trust accounts with licensed financial institutions and may be co-mingled with monies of other Navigator investors. Navigator maintains a register recording the monies held by each Navigator investor in their Cash Account(s).

A Cash Management Fee is charged per month, or part thereof, on the average cash balance held in any Cash Account for each calendar month. For more information on applicable fees, please click here.

Cash Accounts should not be used as bank accounts and monies should not be placed in these accounts solely for the purpose of earning interest (if interest is payable) on such monies. Monies placed in any Cash Account are not protected under the Deposit Insurance Scheme.

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Opening an Investment Account

As Navigator does not provide any financial advice with respect to individual investment objectives, financial situation or particular needs, applications to open an Investment Account may only be made through a Financial Adviser.

Financial Advisers are able to help investors determine their personal financial needs and objectives, including investment risk tolerance and investment horizon, and can then recommend a suitable Navigator Investment Plan for each investor's specific circumstances.

If you currently do not have the services of a Financial Adviser, Navigator has partnerships with a number of Financial Advisory Firms, whose qualified representatives can advise you on structuring an investment portfolio to match your personal risk profile and financial objectives.

For a list of Financial Advisory Firms partnered by Navigator, please click here

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Contract Currencies

Navigator now offers Investments Plans in 2 Contract Currencies: -

• Singapore Dollar (SGD) – Available for all Investment Plans; and
• US Dollar (USD) - Available for all Investment Plans (excluding Plans using CPF Funds).

If available, you may select your preferred Contract Currency when you apply for a new Investment Plan to be opened under your Investment Account. The Contract Currency of an Investment Plan may not be revised after the Plan has been opened.

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Available Investment Plans

Standard Investment Plans
You may invest under any of the above Standard Investment Plans by using the appropriate source of funds for the relevant Plan type:

• Cash;
• CPF Ordinary Account ("CPF-OA") monies;
• CPF Special Account ("CPF-SA") monies; and
• Supplementary Retirement Scheme ("SRS") monies

The Easy Save Plan
The Easy Save Plan, available in both SGD and USD, is an Investment Plan designed exclusively as a regular savings plan. The Plan allows you to invest a fixed sum of money at a nominated frequency, into a particular fund or funds of your choice, without the need for the minimum initial investment that is otherwise required for the Easy Save Option under the Standard Investment Plans.

As the Easy Save Plan is specifically for regular savings, no lump sum investments are accepted under the Plan, making it easy for you to monitor and track the performance of a portfolio built solely on regular investments.

The Easy Save Plan is only available for cash investments under the Flexible Entry Fee Option.

For more information on the Easy Save Plan, please contact your Financial Adviser.

The Cash Management Plan
The Cash Management Plan, available in both SGD and USD, is a unique Investment Plan created to help you get the most out of your cash by delivering a select fund range, consisting primarily of money market or cash-types funds, for you to choose from. The funds available under the Cash Management Plan are all managed by Navigator's professional Fund Management partners.

Furthermore, the Cash Management Plan provides the same degree of simplicity and convenience for you to perform fund switches when you need to, and even has the flexibility to allow you to switch out from the Plan to invest under any of your other Investment Plans that use cash funds.

The Cash Management Plan is only available for cash investments under the Flexible Entry Fee Option, and is subject to the minimum investment levels set out in the Schedule – Funds Investment .

For more information on the Cash Management Plan, please contact your Financial Adviser.

The Accredited Invest Plan
The Accredited Invest Plan, available in both SGD and USD, is a new Investment Plan introduced to allow investment into a wide range of funds, which are registered with the Monetary Authority of Singapore (MAS), under the Restricted Authorised / Recognised Schemes (Before 1 Oct 2009) or Restricted Singapore / Foreign Schemes (From 1 Oct 2009). These funds are available only to qualified accredited investors as defined in the Securities and Futures Act (Cap.289 of Singapore).

With the Accredited Invest Plan, qualified accredited investors will now have access to an even wider range of funds managed by reputable Fund Management Companies. They can also take advantage of more investment opportunities as well as gain access to alternative investments, which utilizes sophisticated and/or complex investment techniques and strategies.

The Accredited Invest Plan is only available for cash investments under both the Flexible Entry Fee Option and Deferred Entry Fee Option, and is subject to the minimum investment levels set out in the Schedule – Funds Investment.

For more information on the Accredited Invest Plan, please contact your Financial Adviser.

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Easy Save Option

The Easy Save Option is a regular savings facility that allows you to invest a fixed sum of money at a nominated frequency, into a particular fund or funds of your choice, under any of the Standard Investment Plans.

The Easy Save Option is offered under all available Investment Plans, and is subject to the minimum investment levels set out in the Schedule – Funds Investment or accessible here.

For more information on the Easy Save Option, please contact your Financial Adviser.

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Regular Cashback Facility

The Regular Cashback Facility pays out a fixed amount of money at a nominated frequency from an Investment Plan, at your request. Regular Cashbacks are paid out from monies held in any applicable Cash Account and/or by redemption of investments under the relevant Investment Plan.

The Regular Cashback Facility is only offered under Investment Plans using Cash or SRS monies, and is subject to the minimum cashback amount set out in the Schedule – Funds Investment or accessible here.

For more information on the Regular Cashback Facility, please contact your Financial Adviser.

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Investment Transactions

There are basically 3 types of transactions that can be made under an Investment Plan:

Fund Subscriptions (Buy)
This is normally where your Financial Adviser will recommend a selection of funds to meet your personal financial needs and objectives, and which suit your risk tolerance and investment horizon. You then have to make a decision on whether to subscribe, or "buy", into the funds as recommended by your Financial Adviser.

Your can use the Funds Finder to find out more about any recommended funds by your Financial Adviser, or even to research other funds that you may be interested to subscribe in.

Funds Subscriptions are subject to the minimum investment levels set out in the Schedule – Funds Investment or accessible here.

Fund Switches (Switch)
Funds are dynamic investments and your portfolio may skew over time due to the performance of the individual funds. At such point, your Financial Adviser may suggest that your portfolio be re-balanced through fund switches, to bring it back in line with the asset allocation in your original portfolio.

A fund switch involves the redemption of units in one or more funds, and using the redemption proceeds to subscribe for units in one or more other funds. Generally, your Financial Adviser should only recommend that you perform a fund switch if the replacement fund would continue to fit your risk tolerance, time horizon and financial goals, and is not detrimental to your interests.

Funds switches are subject to the minimum withdrawal/redemption levels set out in the Schedule – Funds Investment or accessible here.

Withdrawals / Redemptions (Sell)
You are at liberty to request, at any time, for a full or partial withdrawal from your Cash Account(s) (if any) or a full or partial redemption of your investments under any of your Investment Plans.

Withdrawals/redemptions are subject to the minimum withdrawal/redemption levels set out in the Schedule – Funds Investment or accessible here.

For more information regarding investment transactions, please contact your Financial Adviser.

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Monitoring Investments

All Navigator investors are given access to Aviva Online, a secured web portal, that makes it easier for you to monitor your investments and even obtain consolidated reports at any time, day or night, so as to be always up-to-date on the performance of your portfolio.

The login ID and password to access the Aviva Online Secured Website is normally sent via separate mailers to new investors with Navigator, shortly after their Navigator Investment Account is activated.

For more information on Aviva Online, please contact your Financial Adviser.

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Transacting Via Aviva Online

You can now manage your Investment Plans with finesse using Aviva Online, an innovative and secure web portal, developed using Aviva's world-class expertise and the latest in technology.

The new Aviva Online not only provides an effortless way for you and your Financial Adviser to monitor and obtain consolidated reports on your investments for up-to-date information on portfolio performance, it now comes packed with Electronic Services (E-Services) functionalities, including a Straight-Through Processing (STP) feature that will allow your Financial Adviser to send investment recommendations directly to you for approval¹, with your approved transactions being immediately submitted to Navigator for processing.

With the new STP feature on Aviva Online offering transactional capabilities for subscriptions, switches and redemptions into the full range of funds available on the Navigator platform, your Financial Adviser can now fine-tune your portfolio with ease, and you can approve investment recommendations at your convenience – anywhere, anytime, as long as you have access to an Internet connection.

For more information on transacting through Aviva Online, please contact your Financial Adviser.

¹Excludes Investment Account Opening and first Subscription for new investors with Navigator.

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Right to Cancel

As prescribed by the Notice On Cancellation Period For Collective Investment Schemes Constituted As Unit Trusts [SFA 04/13-N01] issued by the Monetary Authority of Singapore, you will have the right to cancel a subscription of units in a fund within 7 calendar days from the date on which the initial subscription was made, provided that you were not an existing unit-holder in that fund at the time of the subscription for which the right to cancel is being exercised.

Where you have applied for an Easy Save Plan or the Easy Save Option under a Standard Investment Plan, your right to cancel applies ONLY to the first payment contribution for subscription into a fund and not to any subsequent contributions.

Detailed information about your right to cancel, and the procedure for cancellation, may be found in the Cancellation Notice, which can be downloaded here.

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Maximum Balance for SGD Cash Accounts

As of 8 August 2007, a maximum balance has been implemented against the aggregate cash balances in any Cash Accounts held under all Investment Plans, using cash or SRS monies for investment, of any individual Navigator investor, at the end of each calendar month (the "Maximum Balance"). The Maximum Balance is currently set at $35,000.

The Maximum Balance shall also apply to the aggregate cash balances in any Cash Accounts held under all Investment Plans, using cash or SRS monies for investment, that are jointly-owned by the same individuals (whether as non-minor or joint minor accounts), which shall be separately aggregated from those of individually-owned Investment Plans.

Navigator will review the aggregate cash balances in the Cash Accounts every 1st working day of each calendar month. If upon Navigator's review, the aggregate balance in your Cash Account(s) exceeds the Maximum Balance, Navigator will proceed to automatically refund any amount in excess of the Maximum Balance to you within 2 weeks from the review date.

In the case of cash refunds, the refund amount will either be credited into your nominated bank account under the relevant Navigator Investment Plan(s), otherwise Navigator will send a cheque to your last known address.

In the case of refunds of SRS monies, the refund amount will be credited into your SRS Account with the relevant SRS Operator.

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Minimum Investment and Withdrawal / Redemption Levels

* The above amounts shall apply for all Contract Currencies across the various Investment Plans.

** All Investment Plans are also subject to the minimum requirements imposed by respective fund houses and whichever Fund limit is higher shall apply. Failure to comply with the minimum requirements may result in your trade being rejected by the fund houses. Please refer to the relevant fund prospectus for further details.

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Funds Finder

Click here to access Investments Funds.
Click here to access Investment-Linked Funds.
Click here to access Global Solutions Funds.

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Downloads

Investment Account Terms and Conditions

Schedule – Funds Investment

Cancellation Notice

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Fees & Charges

• Fee Structures
• Fees and Charges

Fee Structures

Navigator offers 2 Fee Options under the various Investment Plans, which you may select from in agreement with your Financial Adviser:

• Flexible Entry Fee Option (Available under all Investment Plans); and
• Deferred Entry Fee Option (Available under Standard Investment Plans)

For more information on the different Fee Options, please refer to the Schedule – Fund Investments.

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Fees and Charges

Selected Fees and Charges are based on the agreement made between you and your Financial Adviser, the Fee Option selected and subject to the maximum fee limits as prescribed by Navigator from time to time.

Other Fees and Charges may apply to particular investments made with certain Fund Managers and are payable according to the rates as may be disclosed in the relevant fund prospectus.

All Fees and Charges are payable to Navigator, and will be deducted from the relevant Investment Plan to which such Fee and/or Charge relates, as and when they become due.

*All Fees and Charges indicated above are exclusive of GST.

Administration Fees

Currently, all Administrative Fees is waived on all Navigator Investment Accounts.

For more information on the different Fee Options, please refer to the Schedule – Fund Investments.

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