Winterthur has moved into the offshore market with the launch of its International Investment Bond.
The bond, which will be provided by Axa Isle of Man Ltd, aims to deepen Winterthur’s penetration into the high net worth market space.
The launch is the result of Winterthur utilising existing expertise within parent company Axa to develop a product that complements the existing Axa range of offshore funds.
“This product fits well within Winterthur’s focus on high net worth customers and is a very different product to those offered by Axa,” said David Thompson, managing director, sales and marketing at Axa and Winterthur Wealth Management. “The Winterthur product is a unit-linked offshore bond and so appeals to different aspects of the market than the portfolio products offered by Axa. I believe they will complement each other and establish Winterthur as a credible offshore player.”
The International Investment Bond is an offshore, unit-linked, single-premium investment bond designed for medium to long-term investment. The initial investment minimum is £50,000 and it enables customers to effectively manage inheritance tax liability via a range of trusts.
The bond offers two basic structures – the life assurance bond, which is a whole-of-life policy, and a capital redemption bond, which operates on a fixed 99-year term with guaranteed return on maturity. The bond also offers access to a wide range of funds with no charges levied against any fund switches the client may wish to make.
Covered call option strategy
Impact on markets
More than 20 partners on board
Founding director of Intrinsic
First time in history