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Scottish Friendly, one of the UK’s leading financial mutuals, is to launch the Scottish Friendly Onshore Bond (Platform Account) on the independent wrap platform. The launch will provide advisers with an open architecture onshore bond via its award-winning technology platform.
Scottish Friendly will be responsible for the administration of the Bond while the platform will manage all investment dealing and settlement.
The Scottish Friendly Onshore Bond (Platform Account) is designed for long term capital growth while also providing an effective vehicle for a range of trust, tax and business planning scenarios. The bond is targeted at clients with a substantial lump sum to invest and who are looking for inheritance tax planning, a tax efficient income and greater administrative efficiency when it comes to their investments. The bond offers the following features:
Commenting on the launch, Mike Morrow Sales & Marketing Director at Ascentric/IFDL, said, "The launch of the Scottish Friendly Onshore Bond (Platform Account) adds breadth to our proposition, and means users can offer their clients an open architecture Onshore Bond within our technology solution. Scottish Friendly’s administrative expertise will help us meet a growing need for these types of products."
Neil Lovatt, Sales and Marketing Director at Scottish Friendly added, "This announcement marks another significant step in Scottish Friendly’s programme of diversifying its business. It comes on top of our recently announced record sales for 2013. Building a new onshore bond customised to Ascentric and IFDL is an exciting project for us and we look forward to providing their clients with an efficient and effective service."
The onshore bond is for IFA clients only and the value of investments can go down as well as up and the original investment amount is not guaranteed.
Scottish Friendly is not responsible for the accuracy of the information displayed on externally linked third party websites. The Scottish Friendly Group of Companies consists of the following companies: Scottish Friendly Assurance Society Limited – Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Member of AFM, Member of ABI: Life, Savings and Investments. Scottish Friendly Asset Managers Limited – Authorised and regulated by the Financial Conduct Authority. Member of The Investment Association. Registered in Scotland No 187215: OEIC Managers, ISA Managers. Scottish Friendly Insurance Services Limited – Authorised and regulated by the Financial Conduct Authority. Registered in Scotland No 113007. SFIS (Nominees) Limited - Registered in Scotland No 397351. Head office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.