Scottish Life International is looking to halve the £100,000 minimum investment into its Protec...
Scottish Life International is looking to halve the £100,000 minimum investment into its Protected Investment Management Service (Pims) portfolio bond.
This would be accompanied by offering those who invest £50,000 access to a limited range of underlying investment funds available through the bond.
Bruce Cargill, regional sales manager at Scottish Life International, confirmed the idea is being reviewed.
'We need to carry out some research but I can see the merits of reducing the minimum investment,' he said.
The portfolio bond currently includes access to a range of multi-manager funds, said Cargill. 'These have been in situ for about a year and a half and we are looking at what we will do with them,' he added
Scottish Life International is also in the process of developing portfolio optimiser software that can be used by intermediary companies to aid with investment selection and provide a clear audit trail.
Cargill believes intermediaries are increasingly looking for such tools to help with investment advice.
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