Isle of Man-based Royal London 360° has revamped Quantum - its international regular savings product.
Changes and upgrades Royal London 360° is keen to bring to IFAs’ attention include improved allocation which means all regular premiums will benefit from 100% allocation; an additional policy currency with the inclusion of an Australian dollar option; further premium options for qualifying top-ups, and revised policy exchange rates which reflect current market conditions.
Further inducements include the introduction of an enhanced fund range. This development includes Australian dollar funds (which complement the inclusion of this currency for policies), and additional Islamic funds which expand the currency fund sector.
The Quantum product is aimed at expatriate and international investors and is available on both a single and joint life basis in all markets in which Royal London 360° operates (not including the UK, Hong Kong and Lebanon). The plan is available in sterling, US dollars, euros, Hong Kong dollars, yen, Swiss francs and, now, Australian dollars.
Natalie Hall, Director of Marketing at Royal London 360°, commented: “Quantum has proved to be exceptionally popular with both IFAs and their clients since it launched in April 2010 thanks to its wide ranging features. However, I expect the new features, especially the 100% allocation for all regular premiums, to attract an even broader range of investors at the lower premium level.”
The monthly minimum premium is set at £200 (US$300) and Royal London 360° confirms that there are no additional credit card fees on premium payments.
More focus on global equities
PA360 – 24 April 2018
Plans to hire more advisers
Exams start in December
Additional funds to be added in due course