Integrity Financial Solutions is hoping to avoid previous problems associated with the traded endowm...
Integrity Financial Solutions is hoping to avoid previous problems associated with the traded endowment policy industry by launching a product with guarantees built into both the payment of premiums and on the maturity of policies. The firm's Utopia fund, an Isle of Man-domiciled Oeic, is offering assured returns of at least 8%pa after charges over 10 years from investments in US jumbo senior life policy settlement policies. The policies are usually taken out for senior managers who later try to sell them on to meet other expenses such as medical costs. Those purchased by the fund typical...
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