AXA Isle of Man (AXA IOM) has unveiled an offshore investment bond, designed to accept both single and regular premiums, to run alongside its single premium offshore proposition.
Unlike the single premium offshore market, which has continued to expand rapidly, the regular premium market has remained undeveloped. However, customer and adviser research conducted by AXA revealed that there is demand for product flexibility in terms of different life stages, which a single premium cannot always offer. The Regular Investment Account is aimed at people prepared to invest for at least five to ten years. Minimum investment is £500 per month or £5,000 annually and £5,000 lump sum injections. There is no limit to the fund size and benefits can be taken in a variety o...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
