PIPs and Risk Categories

• Growth PIP

Medium risk, balanced return but growth biased, mainly UK investments

• Aggressive Growth PIP

Medium and High risk, growth return, mainly UK investments

• Income PIP

Medium risk, balanced return but income biased, mainly UK investments

• Higher Income PIP

Medium risk, income return investments

• Overseas Growth PIP

Medium and High risk, growth return, non-UK investments

• Conservative PIP

Medium/Low, Capital preservation focus (this is not an income product)