Old Mutual International, part of Old Mutual Wealth, has unveiled a new international life assurance bond to lure high- net-worth investors (HNWIs) in the UK.
The European Wealth Bond will be available to clients, who want a discretionary fund manager (DFM) to run the investment portfolio linked to the bond.
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Old Mutual-owned Quilter Cheviot will run the investment portfolio linked to the bond.
The new bond, which will be offered by Old Mutual International Ireland, aims to provide customers access to a wide range of investment options such as direct equities.
Also, Old Mutual is looking to add more DFMs to the bond in future.
Old Mutual Wealth CEO investment platforms Steven Levin said: "Launching the European Wealth Bond is a key step towards delivering enhanced value to high net worth investors. This is a great example of how Old Mutual International is working together with Quilter Cheviot to deliver compelling solutions to advisers and clients."
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