Sanlam Global Investment Solutions is launching an offshore bond designed to protect against volatile equity and bond markets.
Issued by Sanlam Guernsey, the Sanlam Global Investment Plan (SGIP) is an investment linked whole of life assurance policy available in sterling, dollar or euro with a minimum initial investment of 50,000 in the denominated currencies.
Available on a on a single or joint basis - as well as to companies, partnerships and trustees - the offshore bond is designed to provide risk-adjusted compound returns over time and cushion the value of an investment against volatility in equity and bond markets.
Clients have access to three underlying investment options: a range of mutual funds, discretionary investment managers and a strategy developed by US actuarial firm Milliman known as P²Strategies which merges capital preservation with long term investment growth.
It also offers access to Sanlam's Accel risk profiler and Accel investment solutions through the Sanlam Global Investment Plan.
The offshore bond carries an annual admin fee of 0.4% - 0.25%, depending on the size of the plan and the annual advice fee is a maximum of 1.5%.
"We are excited about launching the SGIP as it will complement our newly launched Sanlam Portal wrappers of ISA, general investment account, personal pension and onshore bond," said head of distribution for Sanlam UK Nigel Speirs (pictured).
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