Novia's GIA available via Friends' offshore bond
Friends Provident International is making Novia’s gross general investment account accessible within its offshore bond.
The move means advisers can now choose from the range of assets available within the FPI offshore bond and hold them within the Novia gross GIA wrapper.
To date, advisers have been able to invest directly into the Novia offshore bond provided by Royal London 360.
Novia sales director Paul Boston says: “Our aim is to offer great investment choice for advisers and their clients and integrating the Novia gross GIA within the FPI reserve advance bond delivers just that. Not only can advisers access a wide range of investments but also have the benefit that any interest distributions are paid without the deduction of tax and all the hassle of having to reclaim it let alone lost investment performance for their client.”