FAQs

We offer 13 investment strategies. Further information on each can be found by clicking on the following link: Performance and Factsheets — Spring Investment Management (spring-im.com).

Please note the US Dollar and Euro portfolios have a minimum investment amount of £10,000.

You can cancel or freeze your plan whenever you want with no financial penalty.

Abacus Wealth Management are not licensed to hold client money at any time during the process. If AWML cease to exist, your investment will continue without interruption. You would merely need to appoint a new financial/investment adviser.

AWML will review your application documents at set up, to provide an overview that your investment choice makes sense. AWML will not provide ongoing advice unless specifically asked to do so and such advice will be subject to our usual advisory fees as detailed in our terms of business. AWML will conduct an annual review in respect of all AWSP investment options to ensure that they remain suitable in general rather than client specific terms.

No. That is your decision.  It is important to understand the relationship between risk and return. Put simply, the higher the risk of your investment, the higher the potential gains and losses. The AWSP allows you to decide how much risk you are able and willing to take. Below are some general guidelines on the principles of risk and return:

• Timeframe: History tell us that the longer you stay invested, the better your return prospects are. The investment risk you are exposed to (because of fluctuations in the value) tend to even out over time.
  
  
• Diversification: Spreading your money across different types of investments rather than relying on one asset class may help shield you from drops markets and deliver more consistent returns over time.

You will undertake a detailed risk profile assessment during the application process and your answers to the risk questions asked will have a direct influence on the risk profile suggested for you. AWML will review this to make sure this output makes sense and will only contact you if does not. 

• Freeze plan – Cancel your standing order to SIM. Your money remains invested, and fees continue to be payable as detailed in the fee schedule
• Increase/decrease monthly saving – Amend your standing order and notify SIM online. You cannot choose to reduce your premiums below the £100 per month minimum.
• Change the amount of risk you want to take – Done online via the SIM portal
• Cancel plan - money is withdrawn from your account– Instruct SIM online. Your investment will then cease, and your money will be transferred to your bank account.

1. Start the online registration and application process by clicking on the button below
2. This includes a risk questionnaire which helps to guide you to the most appropriate investment option
3. You will need to upload proof of your identity and proof of your residential address dated within three months.
4. Once the account has been processed by SIM, you will be allocated an account number
5. You then need to do is send through your initial investment (with the reference received for the initial investment) and set up a standing order with your monthly saving amount.
6. You will need to organise this directly with your bank. You will be provided with a unique SIM reference number (different from the initial investment reference) to quote in your payment instruction
7. Your money is then invested once received.
8. We will send you a letter confirming the details of your new account with SIM
9. You can then monitor your progress by logging directly onto the Spring Portal at your convenience

The Savings Plan is designed for residents of Gibraltar who are looking for a low-access savings solution with a starting contribution of £100 per month.

This online platform is ideal for tech-savvy individuals aged 18-50 who are ready to start their investment journey either for themselves or family members.

It offers access to risk-rated investment portfolios, providing a balance of savings and potential higher returns. Suitable for those with a moderate risk tolerance and a stable income, this plan supports customers in achieving their long-term financial goals through a user-friendly digital experience.

Please refer to the additional FAQ before making a decision, if you are still unsure please contact us for advice.

Please refer to the complaints procedure.

There is no cancellation rights. However if you decide stop or surrender your plan you will be entitled to a return of the value of your investments. Which will be dependent on the value of your investments at that time.