SocietÃ© GÃ©nÃ©ral is launching two offshore bond products from its new Guernsey-based subsidiary, S...
SocietÃ© GÃ©nÃ©ral is launching two offshore bond products from its new Guernsey-based subsidiary, SG Life and Pensions, and a third from its Luxembourg-based Soge Life.
The SG Life International Bond is a single-premium, whole of life assurance policy offering a choice of three managed portfolios designed for a cautious, balanced and aggressive investment approach. Those who are more active investors can select their own portfolio from a range of 94 funds. The funds have all been selected by SG Group research department in a process that is audited by Bacon & Woodrow and are reviewed quarterly. These investors will be eligible for institutional discounts not normally available to individual investors. This product has a minimum investment of £50,000.
The International Portfolio Bond is to be a single-premium offshore long-term investment product. The minimum investment will be £250,000 and investors will have the option of having the capital managed on a discretionary basis by SG Hambros Bank & Trust.
The Soge Life Global Strategy Bond will allow investors to choose from nine risk graded funds, money market funds and guaranteed annual interest funds valued in euros, sterling and dollars. Investors in this product will also have access to eight sterling funds managed by SG Asset Management.
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets