Sarasin is looking to launch a guaranteed limited life product with returns linked to the performanc...
Sarasin is looking to launch a guaranteed limited life product with returns linked to the performance of its GlobalSar balanced fund, run by Guy Monson. The group is finalising the details of the vehicle, which is likely to pay up to 3% initial commission to intermediaries. It follows on from the group raising £22m via a guaranteed wrap around the fund. For the sterling and euro versions, this has a five-year investment life and promises full return of capital, after the 2% initial charge has been paid, as long as it is held to term. For the dollar version, the term is six years.
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