Winterthur Life, the life and pensions arm of the Credit Suisse Group, has launched its first multi-...
Winterthur Life, the life and pensions arm of the Credit Suisse Group, has launched its first multi-manager, unit-linked investment bond.
The Winterthur Investment Bond has a minimum investment of £15,000 and offers investors a choice between 45 funds and seven managed portfolios from the Credit Suisse group and 19 external providers.
The bond has no bid-offer spread, no exit penalties and offers free, unlimited fund switching. There is no initial charge and the annual management charge depends entirely on the funds selected by the investor. This can range from 0.5%, the charge on the Winterthur Deposit fund, to 1.5%, the charge on the Jupiter Income fund. The bond has a quarterly rebalancing mechanism that can be employed to maintain portfolio allocation.
It can be written with up to four lives assured and issued in 99 individual policy segments, each of which can be administered separately for premiums, investments, withdrawals and ownership purposes.
Angela Baskeyfield, product development manager at Winterthur Life, said: 'In designing this bond, we have looked not only at the taxation aspects important to this area of the market but at the investment control and planning issues.'
For more information, contact: www.winterthur-ifa.co.uk.
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First mentioned in Cridland Report