Royal & SunAlliance International Financial Services has launched the Global Personal Portfolio and ...
Royal & SunAlliance International Financial Services has launched the Global Personal Portfolio and the Global Wealth Portfolio, domiciled in the Isle of Man. The former allows clients to appoint a discretionary fund manager, placing investment decisions in the hands of professional investment managers.
The Global Personal Portfolio allows the investor to create an entirely individual portfolio, with acceptable assets, including almost any freely tradable investment instrument, including stocks and bonds. It also gives the clients access to virtually all of the world's stock markets.
Global Wealth Portfolio is designed for the UK investor and allows investment selection from a wide range of pooled assets.
Minimum premium for both is £250,000. Establishment charge is 1% on the first £4m of contributions, 0.5% on the next £4m of contributions and 0.25% on all premiums in excess of £8m.
Simon Pack, general manager sales and marketing at the group, said: 'We wanted to develop a portfolio specifically for those people who do not have the time to manage one personally.'
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