FPI targets ultra HNWI

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plan allows for investment in up to 10 of 109 funds in mirror range

Friends Provident International (FPI) is to target what it calls ultra high net worth savers with an offshore regular premium savings plan, Premier Ultra. The plan will be available to investors in the Middle East, Hong Kong, Taiwan and South America, and can invest in up to 10 of the 109 funds within the FPI mirror range. There will be no charges imposed when investors switch between funds. The minimum investment is $1,500 a month with the option of paying monthly, quarterly, half-yearly or yearly premiums into the plan. As well as dollars, Premier Ultra is also available in sterling,...

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