Under the offer, clients who invest a minimum of GBP25,000 in a new Evolution bond before the end of October 2012, and put it exclusively into Architas funds, will not have to pay any quarterly management charge at all, as long as the policy remains invested in the funds which meet the discount deal’s criteria.
Further,a normal quarterly management charge would be to the tune of 0.15% on an initial premium of GBP25,000, falling to 0.125% on an initial premium of GBP50,000, with the result that the savings, after five years could be as much as GBP2,000.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Moreover, the investors would still be liable to a quarterly administration charge of GBP20.50 per quarter.
The offer applies to new clients only who invest in the Axa Wealth Evolution bond, an offshore, single-premium investment product, and is due to run until 31 October 2012, at which point Axa will take a view whether to continue the arrangement, International Adviser added.
The decision to create the Evolution bond/Architas arrangement was the result of a Axa research which showed that many UK financial advisers regarded offshore bonds as expensive, particularly for investors with relatively small sums to invest.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
