Zurich has unveiled an International Portfolio Bond (IPB) targeting high net worth UK residents.
Produced and underwritten by Zurich's Irish business, Eagle Star Life Assurance Company, the proposition allows more flexibility than offshore bonds, according to the firm. IPB has access to over 1,500 funds, a range of offshore bank deposit accounts, a discretionary management facility and flexible options available for withdrawals and payments, at launch. It is also available as a capital redemption plan with a death benefit guarantee, plus access to a range of trusts for IHT planning. The firm believes its proposition will attract SIPP trustees and international investors as well a...
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