Parmenion adds low-cost offshore bond to platform

The Parmenion Offshore Bond charges a 0.55% set-up fee (minimum £150) and 0.50% costs a year (minimum £125), with a minimum investment of £25,000, making it accessible to a broad investment base, said the company. The offshore bond is a standard whole-of-life unit-linked insurance policy, which allows multiple lives assured. Underlying investments can be managed discretionarily by Parmenion in accordance with a mandate supplied by the adviser for a further 0.3% a year. Richard Mein, Parmenion Capital Partners’ managing partner, said offering the bond through the platform supports Parmen...