Merchant Investors offers offshore bond

Merchant Investors (MI) has partnered with Royal London 360° to offer its first offshore bond.

The MI offshore bond is an investment-linked whole of life assurance policy for a maximum of six individuals.

It offers an internal fund range, including distributor influenced funds, and a ‘customised selection' allowing investment in UK authorised unit and investment trusts, OEICs and Sterling cash deposits.

Customers can act as investment manager, or can appoint one of a panel of discretionary investment managers.

A full range of trusts is available for inheritance tax planning purposes, as well as a specimen Isle of Man probate trust.

Flexible commission options, including funded commission, and all charges are inclusive of VAT.

The minimum investment in the bond is £50,000 with an annual administration charge of 0.4% per annum, deducted monthly subject at a minimum charge of £40.

Herman Sandrock, head of sales and marketing at Merchant Investors, says: "We are pleased to offer advisers access to this open architecture offshore bond which completes our insurance based product range, and takes us one step closer to our goal of becoming the provider of choice within the IFA community.

"The bond gives clients the scope to select and control the investments in their portfolio, allowing them to follow their chosen investment strategy in a tax-efficient way."