Axa Wealth International is set to introduce a non-contractual offshore bond, aimed at the younger, income rich, capital poor demographic.
The bond will provide the usual benefits of an offshore bond, while offering a relatively low initial lump sum requirement likely to be set at a minimum of £30,000, reports International Adviser.
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Investors will not be required to make set amount of monthly investments for this scheme, but can instead start with the initial lump sum and make regular investments per month as per their affordability at different stages of life.
The Isle of Man-domiciled bond will be designed by Simon Willoughby, who is the head of proposition at Axa Wealth International.
The bond is scheduled to be launched by April or May 2015.
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