group brings out reserve AND PREMIER BONDS AND LOOKS TO CLOSE DOWN ITS LUXEMBOURG RANGE
Friends Provident International (FPI) is launching two offshore bonds to be sold by its Isle of Man subsidiary and made available to UK-based investors. The single premium Reserve bond is sold as a wealth management account and has two forms, one that can invest in almost any publicly available collective investment vehicle and another that can be used as a wrapper for equity and fixed interest investment. However, this former personalised version will not be appropriate for UK residents for tax reasons. The Reserve bond has no fixed charges, but a 'personal charging structure' which...
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