KEY FEATURES OF THE PORTFOLIO BOND (IPS). - Legal & General

PORTFOLIO BOND (IPS) – KEY FEATURES10OTHERINFORmATION.LAW AND LANGUAGECOmPENSATION SCHEmEThe contract you enter into with us is governed byEnglish Law. All customer communications are onlyavailable in English. All communications from us willnormally be by letter or telephone.OUR REGULATORLegal & General Assurance Society Limited is authorisedby the Prudential Regulation Authority and regulatedby the Financial Conduct Authority and the PrudentialRegulation Authority. We’re entered on the FinancialServices Register under number 117659. You cancheck this atwww.fca.org.uk/firms/systems-reporting/register oryou can call 0800 111 6768.UK RESIDENCYWe’re covered by the Financial Services CompensationScheme (‘the scheme’). You may be entitled tocompensation from the scheme if we can’t meet ourfinancial obligations. This depends on the type ofbusiness and the circumstances of the claim.Currently 90% of the value of the valid claim is coveredby the scheme. There is no upper financial limit on theclaim.It’s important to understand that if you choose toinvest in an external fund, your investment willactually be held in a Legal & General life fund, notdirectly in the fund underlying the external fund.This means if you invest in an external fund and thecompany managing the fund is unable to meet itsobligations, you don’t have the right to take actionor seek compensation from that other company.In addition, our rights to recover losses caused bybreaches by a company managing an external fundmay not be as extensive as your rights would be if youinvested directly in the underlying fund.You can get more information about the schemeat www.fscs.org.ukThe bond is designed for policyholders who are UKresidents. You should speak to your adviser to confirmif the bond is still suitable for you if you:• are currently a non-UK resident or become a non-UKresident after you invest, or• are subject to tax in another country or becomesubject to tax in another country after you invest.