Friends Provident International (FPI) announced the enhancement to Reserve Advance, an international investment Bond for clients with a lump sum to invest for the medium to long term. It is aimed at UK-based high net worth clients with a minimum sum to invest of £50,000 (GBP) who are seeking capital growth, a regular income or a combination of both.
Reserve Advance gives clients the opportunity to invest a lump sum into a combination of up to 50 different assets at any one time from an extensive range of opportunities subject to a minimum sum of GBP 5,000 for each asset. The enhancements give clients more flexibility and choice, a choice of four charging structures, including a new annual policy charge (APC) version, fund rebates and fund-specific quotes.
Options and benefits:
- Eight currency options: GB Pounds, US Dollars, Euro, HK Dollars, Swiss Francs, Australian Dollars, Swedish Krona or Japanese Yen
- Collective investments or personalised assets options
- Option to appoint an Investment Adviser or Discretionary Fund Manager
- Option to increase investment at any time (subject to £10,000 minimum)
- Choice of benefit options : Life cover or guaranteed maturity value (capital redemption option)
- Fund rebates on the AMC for a wide variety of funds
- Benefit from fund discounts
- Regular or one-off withdrawals
Reserve Advance is designed to give clients maximum investment freedom including a choice of investment options – collective investments or personalised assets. It offers a great range of trusts, offshore tax benefits, discounted fund terms, virtually unlimited fund choice and easy access to capital.
Peter Dodds, head of international marketing at Friends Provident International said: “The enhancements to Reserve Advance reaffirm Friends Provident International’s commitment to meeting the needs of UK-based investors. Together with its award-winning service*, these enhancements will deliver real added-value.
“Reserve Advance has been designed to give advisers and investors investment flexibility and maximum freedom of choice. It fulfils those needs by offering a range of investment and administration options. It is designed to be used in a number of ways, for example, as a key element in future tax planning.”
*: Friends Provident International won the Best Adviser Support and Customer Service Award in both the Middle East and Asia, and Reserve or a variant won best single premium investment product in both Asia and the Middle East at the International Adviser, International Life Awards 2009.
