Royal London 360 has launched a new single premium offshore bond called Oracle.
It said the product meets a gap in the market for a more accessible portfolio bond. The bond has a minimum premium of £20,000 and there is no limit on how many funds can be held under an Oracle policy. Oracle bonds can be established on a single or joint life last death basis with a minimum of two individual applicants and up to six lives assured. Investment in sterling, US dollars, euros, Hong Kong dollars, Japanese yen, Australian dollars and Swiss francs is allowed with the new product. There is no fixed term on the policy, which continues until the death of the last life ass...
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