Avalon adds offshore bond wrapper to intermediary administrative platform

Avalon Investment Services, which offers an intermediary administration platform, is to add an offsh...

Avalon Investment Services, which offers an intermediary administration platform, is to add an offshore bond wrapper to its service. The group, which has £50m in IFA assets, provides access to all UK unit trusts, Oeics, investment trusts, gilts as well as to direct equities. Avalon already offers an Isa and a Pep transfer wrapper as well as an umbrella structure for other investments. The offshore bond wrapper, which is being provided by Investlife, will have a 0.75% initial charge and a 1% annual fee, split between Avalon and Investlife, on top of all underlying fund charges. The ...