The Dublin-based international portfolio bond will be passported initially into the UK, with the potential to launch later in other countries under the European freedom of services legislation.
It is factory-gate priced with customer agreed remuneration up to a maximum of 8 per cent initial commission.
The bond is launching with more than 1,500 funds, with the option of adding to this if there is demand from advisers.
It features a range of offshore bank deposit accounts, a discretionary management facility and options available for withdrawals and payments.
It is also available as a capital redemption plan and features a death benefit guarantee as well as access to a full range of trusts for IHT planning.
Charges range between 18 and 85 basis points depending on the investment held. Minimum investment is £50,000.
Zurich investment management director Paul Wright says: “In addition to its offshore tax status, the wrapper also offers great flexibility of a choice of currency – both for withdrawals and payments – frequency of withdrawals and fund solutions.”
AES International managing director Sam Instone says: “This new product looks very attractive for its target market. It has a wide range of investment options, benefits and planning possibilities coupled with flexible charges, access and terms.”