Skandia International is offering non-UK customers enhanced allocations of up to 103% on single-premium investments into its Royal Skandia Managed Capital Account and the Skandia Life Ireland European Capital Account between 1 January and 30 June.
The offer is available to advisers and clients in Hong Kong, the Far East, the Middle East and continental Europe.
To get the maximum 103% allocation rate, clients will need to invest $75,000/HK$600,000/€75,000/£50,000. Allocation rates of 102% and 101% are also available depending on the amount invested, with the lowest enhanced allocation kicking in at $22,500/HK$180,000/€22,500/£15,000. Investments below this level will receive the standard 100% allocation rate.
Further fund choices will also be added to the products during 2008. After 38 additions to the fund range last year, investors currently have about 200 funds from 30 fund groups to choose from.
Adrian Smith, international product marketing manager at Skandia International, said: “We conducted research recently which shows that over the coming year, international advisers expect 50% or more of their business to be from single-premium sales. We are naturally keen to target a larger proportion of this business but also want to help our customers to achieve their financial goals. We think a combination of the offer and even greater fund choice will do just that. In fact, there are over a dozen new fund launches just around the corner.”
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