Standard Life International has moved into the offshore investment market with the launch of an international bond.
The bond will be sold and administered from the recently established offshore office based in Dublin and will be available to all UK residents and UK companies.
Main features of the product include tax deferral and control available to the investor due to gross roll-up. There is a corporate version for small and medium sized companies looking for a tax efficient alternative to bank deposits. The bond also offers a range of transparent and flexible commission and charging options.
Standard Life claims the key difference with the international bond is the flexibility of the product. Standard Life International is providing the offshore option but the adviser and client decide how it will work for them, in particular in terms of how they agree to fund the advice.