Skandia International has announced a special offer of up to 105% allocation on three of its regular...
Skandia International has announced a special offer of up to 105% allocation on three of its regular savings products, the Royal Skandia Managed Savings and Pension Accounts and the Skandia Ireland European Savings Account.
The offer runs from 1 October until 31 December 2008 and is available to clients in Hong Kong, Singapore, Cyprus, the Middle East and Europe, but not the UK or South America.
Policies taken out in the products during the offer period will receive a 105% enhanced allocation rate for the whole savings term, as long as they invest the minimum premium for between 10 and 15 years.
Minimum premiums for the offer are US$750 a month, $1,875 a quarter, $3,750 or $7,500 a year, or currency equivalent in sterling, euros or Hong Kong dollars.
Adrian Smith, marketing manager at Skandia International, said: "At a time when customers may be concerned about investing their money, we're pleased to be able to offer an extra 5% on new savings into these products. We think the offer is a great way to help advisers encourage long-term savings."
Among the funds available through this promotion is the Castlestone Aliquot Commodity Ucits fund, which has just linked with the Skandia platform.
Meanwhile, Skandia has replaced bond specialist Pimco as manager of its Skandia Emerging Market Debt fund, a subfund of the Dublin-based investment company, Skandia Global Funds.
The fund will now be managed by Stone Harbor Investment Partners, a New York-based bond boutique that Skandia said offers world-class capabilities in this area.
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