True Potential adds RoyLon 360 bond to platform

True Potential has added Royal London 360’s offshore bond to its Wealth Platform.

It says the Isle of Man-based offshore life firm’s bond is available to all of its 4,000 IFAs. In July, TP added its first offshore bond to the platform, with Canada Life’s international premier alpha reserve account investment product.

The firm is also looking to add further offshore providers to its platform and is talking to Ioma, Legal & General and Aegon.

It says it will make further announcements ahead of each live date as it looks to improve choice of provider and products.

Charges on the Royal London 360 bond will be 0.08 per cent for investments up to £499,999, 0.06 per cent for investments between £500,000 and £999,999.99 and 0.04 per cent for investments over £1m.

True Potential senior partner Mark Henderson says: “The bond’s strong product features and competitive charging structure will give IFAs an excellent proposition for their clients.”

Royal London 360 head of marketing Natalie Hall says: “True Potential has an extensive distribution network and we look forward to working with them.”