Royal & Sun Alliance International Financial Services is launching a single premium investment plan aimed at high net worth investors.
The Elite Investment Account has a minimum investment of £100,000 and no establishment charge or account fee. It has an ongoing administration charge of 1.2 per cent.
General manager Simon Pack says: "We have developed this product with its extremely competitive charging structure to meet the needs of the high net worth investor. We are also catering for those investors who may be concerned about the volatility of the world's stock markets."