View more on these topics

Skandia International expands Singapore business

Skandia International has expanded its business with the launch of a new Singapore version of its international investment solution.

The investment account, a whole of life assurance policy will enable investors to access global stock markets through a range of locally approved investment funds.

Last year, SI launched the executive investment account for accredited investors who have an annual income of more than £125,000 or personal net assets of more than £0.8m or foreign currency equivalent.

This only caters for one section of the market so the group has expanded into the non-accredited market to enable advisers to provide the offering to a broader range of clients.

If the investor’s status changes through an increase in net worth or income, from non-accredited to accredited, as defined by Monetary Authority of Singapore the account may be amended to enable access to collective funds in addition to those approved by MAS. When investors reach accredited status, they will be able to access any collective investment.

Royal Skandia principal officer for Singapore David Macdonald says: “We are confident this Singapore version of our internationally popular investment solution will be an exciting option for investors wanting to construct an investment portfolio, without restricting the fund selection to one fund management company or being restricted to a particular asset class or geographical region.”

Recommended

Copper canyon

What is China up to? Earlier this year, they were bidding up for raw materials. Now it seems they have switched off buying orders and have even turned sellers in some cases – like copper. China is by far the biggest importer and consumer of copper, so rumours the state reserve board is prepared to sell up to 250,000 tonnes of the metal to bring the price back should not be ignored. But it does not mean the rally in commodity prices is over.

Principle buoy

Ethical funds have always inspired debate in the financial industry, with opinion divided or whether they can stand up on investment as well as moral terms.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment