Below are some example international life offices that provide investment bonds, and other wrappers for expatriates. For more information on :
AG2R La Mondiale Europartner Sa
Address: Atrium Business Park, 23A, rue du puits romain,
ZA Bourmicht L- 8070 Bertrange, Luxembourg
Tel: +352 45 858744 • 0808 234 6607 (client services in UK)
Fax: + 352 45 8718
La Mondiale Europartner is based in Luxembourg and has gained experience in wealth management solutions over many years. They now operate in several EU countries including France, Luxembourg, Italy, Portugal, Spain, Belgium and the UK. Their focus is aimed at the cross-border aspects of wealth management, enabling them to produce unit-linked, multi-currency, multi-manager, multi-lingual – investment and expatriate pension solutions.
Bond 4 European Mobility is for UK-based independent financial advisers providing a cross-border-compliant, tax-efficient, multi-currency wrapper with open architecture. Investment is allowed via collective investment schemes chosen by the client/IFA or may be managed by a discretionary manager. The bond allows access to the La Mondiale’s main fund, which provides guaranteed returns in £, € and $. Locally compliant investment solutions are also available to IFA’s advising UK expatriate clients residing in Spain and France.
Aegon Scottish Equitable International
Address: 2nd Floor, IFSC House, Custom House Quay,
Dublin 1, Ireland
Tel: +353 (0)845 600 0173
Fax: +353 (1)673 8940
Scottish Equitable International (SEI) provides attractive investment solutions, particularly to UK investors. With a heritage in the offshore market dating back to 1995, SEI is a leading provider in its chosen market. We are part of the Aegon Group, which is one of the world’s largest listed insurance companies with assets under administration of around £200bn. Based in Dublin, one of the world’s most dynamic financial centres, we also benefit from an enviable infrastructure. The client service team in Dublin draws on the talents of a large, young, motivated and highly skilled workforce. Our service ensures that quality assurance is embedded in all we do to meet the requirements of our customers.
A portfolio bond, a packaged inheritance tax plan (a discounted gift trust plan), a regular savings plan and a guaranteed income plan.
AXA Isle of Man Limited
Address: Royalty House, Walpole Avenue, Douglas,
Isle of Man, IM1 2SL, British Isles
Tel: +44 (0)1624 643333. Calls may be recorded
Fax: +44 (0)1624 643444
Established in July 1992, AXA Isle of Man Limited operates from the secure and tax-efficient environment of the Isle of Man. A member of the global AXA Group, one of the world’s largest insurance groups, AXA Isle of Man manages in excess of £5.9bn for over 26,800 customers (as at 31 Dec, 2007).
AXA Isle of Man has 16 years’ experience of providing award-winning flexible, cost-effective products for the customers of financial advisers. A member of the Manx Insurance Association (MIA) and the Association of International Life Offices (AILO), the company works within the offshore industry to help educate the market in key areas such as the uses and tax treatment of offshore bonds.
The Estate Planning Bond and the Estate Planning Account
are offshore investment solutions that may be suitable for clients seeking to mitigate the effects of inheritance tax on their estates. Evolution is an offshore portfolio bond that offers a range of investment options for individual, corporate and trustee investors. The Regular Investment Account is a flexible offshore bond that accepts regular as well as single premiums.
Canada Life International Ltd
Address: St.Mary's, The Parade, Castletown, Isle of Man, IM9 1RJ
Tel: +44(0)1624 820 200
Fax: +44(0)1624 820 201
Canada Life International (CLI) was established in 1987 and is based in the Isle of Man, a jurisdiction recognised for its stable government, strong regulatory controls and policyholder protection measures. CLI continues to receive strong ratings from specialist agencies in relation to financial strength, unit-linked business and commitment to service.
Since formation, CLI has continually developed expertise in providing wealth management solutions for UK and international clients alike. With assets under administration of £4.0bn (as at 31/08/2006) CLI works in close partnership with some of the world's largest investment specialists. CLI is a subsidiary of the Great-West Life Assurance Company which is owned by Great-West Lifeco Inc. The Great-West Lifeco Inc group of companies serve the financial security needs of individuals and organisations in Canada, the United States and Europe, providing retirement savings and income plans, as well as comprehensive protection contracts for individuals and families. With assets under administration of C$191.3bn (£92.9bn) as at 30 June 2006, Great-West Lifeco Inc is one of the top ten largest insurance organisations in North America.
Delta Account: Single Premium Investment Bond
Dimensions Preference Account: Single Premium Pooled Fund Personal Bond
Premiere Account: Single PPF Personal Bond
Offshore Savings Account: Regular Premium Savings Bond
Flexible Life Plan: Whole of Life Assurance Policy
Estate & Inheritance Tax Planning Solutions including:
Wealth Preservation Account
Delta Discounted Trust Account
Premiere Discounted Trust Account
CMI Insurance Company Limited
Address: Clerical Medical House, Victoria Rd, Douglas
IM99 1LT, Isle of Man
Tel: +44 (0)1624 638888
Fax: +44 (0)1624 625900
CMI Insurance Company Limited (CMI) is Clerical Medical’s specialist offshore insurance company. Set up in 1987, we have over 20 years of offshore expertise into the UK market.
Our customer service structure is tailored to give both advisers and their clients the first class standards of service that match the expectations of high net worth investors. We believe superior service is the key to building long-lasting relationships so you and your clients will have a single named point of contact for all your new business and administration queries.
Clerical Medical is one of the longest established providers in the country and we have always been dedicated to intermediaries. We’re now part of the Lloyds Banking Group, one of the biggest financial service providers in the UK – providing strength, security and safety. The Group has some 30 million customers, accounting for 30% of current accounts, 35% of the savings market and the largest private shareholder base in the country.
Product offerings (UK, Channel Islands and Isle of Man)
CCMI Global Investor – a flexible tax-efficient offshore, single premium portfolio bond offering virtually unlimited fund choice.
CMI Corporate Investor – an offshore, single premium bond designed specifically for UK corporate investors.
Friends Provident International
Address: Royal Court, Castletown, IM9 1RA, Isle of Man
Tel: +44 (0)1624 821 212
UK Address: UK House, Castle St, Salisbury, Wiltshire, SP1 3SH
UK Tel: +44 (0)1722 311611
UK Email: email@example.com
Friends Provident International (FPI) is one of the oldest and most respected offshore life assurance companies in the world. Established in the Isle of Man in 1978, FPI has over 28 years of experience in the industry and administers funds in excess of $4bn on behalf of 30,000 policyholders worldwide. The FPI product range is award-winning and, within this, offers a comprehensive selection of single and regular premium products designed to meet all investment and financial needs.
FPI is a member of the Friends Provident group, the prestigious financial services operation established 175 years ago. Friends Provident is a FTSE 100 company, is listed in the Fortune Global 500 and has credit ratings of A+ (Standard & Poor's) and A1 (Moody's).
FPI provides a range of savings, protection and lump sum products ideally suited to the international marketplace.
Address: PO Box 613, Generali House, Hirzel St, St Peter Port, Guernsey, Channel Islands, GY1 4PA
Tel: +44 (0)1481 714 108
Fax: +44 (0)1481 712 424
Tracing its roots back to 1977, Generali International is a specialist arm of the Generali Group, one of the largest insurance groups in the world. It is a leading offshore provider offering sophisticated and powerful, life insurance-based, wealth management solutions to a global audience, including international expatriates and certain local resident populations. It has built up an enviable record for flexible and competitive investment solutions supported through its network of regional offices in Cyprus, Hong Kong and Ireland. The company is based in Guernsey, a premier offshore location, is a Registered Insurer under the Insurance Business (Bailiwick of Guernsey) Law 2002 and is also an authorised insurer in Hong Kong.
A range of flexible unit-linked regular and single premium-based savings, retirement and investment plans, with access to over 100 funds selected from some of the worldÃs leading fund houses. A variety of specifically packaged portfolio bonds offering the widest choice of investment options through an open architecture platform.
Legal & General International (Ireland) Ltd
Address: Beaux Lane House, Lower Mercer St, Dublin 2, Ireland
Tel: +44 (0)845 674 0803 • Fax: +44 (0)845 674 0804
Legal & General International (Ireland) Limited was established in July 2007. It currently offers international investment and tax planning solutions to investors who are resident in the UK, Channel Islands and Isle of Man. The company is a subsidiary of the Legal & General Group Plc, which was established in 1836 and is one of the UK’s leading financial services companies. Over 6.5 million people rely on Legal & General for life assurance, pensions, investments and general insurance plans. The Legal & General Group is responsible for investing £287bn worldwide (as at 30 June, 2009) on behalf of investors, policyholders and shareholders.
International Portfolio Bond: Provides a tax-efficient wrapper with a choice of charging structures and investment in a wide range of assets. The International Portfolio Bond is also available as the core offshore bond offering on the largest UK fund platform, Cofunds.
International Discounted Gift Scheme: Provides an Inheritance Tax planning solution with a choice of two trust structures. An expert team of tax and trust specialists are available to help IFAs with the complexities of financial planning. The value of investments in these products is not guaranteed and customers may not get their full money back.
Prudential International Assurance
Address: Montague House, Adelaide Rd, Dublin 2, Ireland
UK advisers tel: 0808 234 2200
UK advisers fax: 0808 234 0000
Non-UK advisers tel: +44 (0)1786 400284
Non-UK advisers fax: +44 (0)1786 405759
Prudential International is part of the Prudential Group, one of the UK’s largest and best-known financial services organisations. As a group, the company has been managing money for over 160 years. It has over £256bn in funds under management (at 30 June, 2008).
Portfolio Account is an open architecture bond with access to over 2,500 funds. Its key features include a choice of four flexible charging options, annual management charge (AMC) rebates and discounted fund terms. AMC rebates are not guaranteed and are subject to change. International Prudence Bond provides a range of risk-graded unit-linked funds, from Prudential and other leading fund managers. These include the PAC With-Profits Funds and the PruFund range of funds, each available in £, € and $. Flexible Protection Bond and Flexible Life Plan are single and regular premium whole-of-life protection plans. Both offer a selection of investment funds and a single or joint-life basis. All funds available for our products grow largely tax-free. We also offer a range of trusts for inheritance tax planning.
Royal London 360° Life Insurance
Today’s offshore investor demands a combination of investment choice, security and quality service. Royal London 360’s attractive range of products provide flexible solutions and are supported by experienced servicing teams, effective marketing support and strong technical back up, which allow investors to plan for the future with confidence and security.
Headquartered in the Isle of Man, one of the world’s leading offshore financial jurisdictions, Royal London 360 was established through the merger of Scottish Life International Insurance Company Limited and Scottish Provident International Life Assurance Limited. The company has combined industry experience of over 30 years, and funds under management in excess of US$2.75 billion*.
Royal London 360 is the international division of the Royal London Group. Royal London is the largest mutual life and pensions company in the UK with Group funds under management of 35.9 billion. Group businesses serve around 3.4 million customers and employ 2,800 people*.
360 represents a number of significant advantages; the international nature of its business; the way its employees think and take personal responsibility; and the Company’s adaptable approach to meeting tailored requirements.
* Source: Royal London. All figures as at 31 December 2009.
Single premium open-architecture portfolio bonds (UK, int'l and HK); flexible life assurance protection plan (int'l); regular savings plan (int'l) Tax planning: a range of trust packages which includes specialist technical support in the tax-efficient and controlled transfer of wealth.
Standard Life International
Address: 90 St Stephen’s Green, Dublin 2, Ireland
Tel: +44 (0)845 300 4273
Fax: +353 (1) 475 4025
Standard Life International is an Irish life assurance company wholly owned by Standard Life Assurance Limited, which has been set up to sell insurance business from its base in Ireland into the UK, Channel Islands and the Isle of Man.
The Standard Life group of companies has been looking after its customers for over 180 years and currently has approximately 7 million people worldwide relying on them
for their financial needs.
Our impressive parent means that we attach a great deal of importance to excellent customer service and quality products. Standard Life International was awarded five stars by AKG for service in 2007 and highly commended in the ‘Best commitment to service category’ in the International Investments, International Fund and Product Awards 2008.
Our core product is the International Bond. This is an offshore portfolio bond that provides a tax-efficient wrapper with a transparent charging structure and flexible commission options. Your clients can choose from a wide selection of Insured funds, mutual funds, whole-of-market funds, a selection of deposit accounts and have access to a panel of discretionary fund managers. A comprehensive range of trust options is also available, which can be adapted to help meet your client’s estate planning needs.
William Russell are specialists in international life, income protection and health insurance
for expatriate individuals and groups. Our commitment as a global partner supports both our customers and advisers. We offer award-winning international insurance plans for expatriates of all nationalities, and exceptional support for IFAS and our customers.
Insurance plans providing a level of flexibility and worldwide cover expatriates need to protect their standard of living and their well-being, including Global Life Insurance, Global Income Protection and Global Health insurance
source : offshoreinvest