Scottish Provident International Life Assurance (SPILA) is to provide the offshore bond component for new wrap platform Novia.
The offshore bond will be open architecture and offer a transparent charging structure with flexible commission options for UK based advisers. Further technical details of the product will be revealed by Novia closer to launch. It will sit alongside the core product wrappers already in place on the platform, which include an ISA, PEP, SIPP and General Investment Account. SPILA has been based in the Isle of Man since 1991 and has a wealth of experience in the offshore bond market, as well as ongoing involvement in the UK wrap market. Martin Broomfield, head of marketing at Novia, says:...
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