Novia, the new wealth platform being set up by ex-Selestia director Bill Vasilieff, has announced details of its offshore bond component, which will be provided by Scottish Provident International Life Assurance (SPILA).
The bonds component will be available from launch - currently scheduled for the autumn - and will set alongside the core product wrappers already in place on the platform, which include ISA, PEP, SIPP and a general investment account. SPILA has been based in the Isle of Man since 1991 and as has a wealth of experience in the offshore bond market, as well as ongoing involvement in the UK wrap market. The offshore bond will be open architecture and offer a transparent charging structure with flexible commission options for UK based advisers. Further technical details of the product will be...
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