The offshore arm of Scottish Widows has altered the charging structure on its Jersey-based Inte...
The offshore arm of Scottish Widows has altered the charging structure on its Jersey-based International Investment Bond. This sees the establishment charge changed from 8.4% of premium deducted over four years to 6% of fund value deducted over five years. Scottish Widows International (SWI) has also introduced additional commission and allocation flexibility to enable intermediaries to structure the bond in different ways depending on customers' needs. Mike Smith, international business development director at SWI, said the charging structure has been changed in order to make it m...
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