Parmenion launch offshore bond with Isle of Man Assurance

Parmenion has announced the launch of the Parmenion Offshore Bond, underwritten by Isle of Man Assurance.

The Parmenion Offshore Bond has one of the lowest minimum investments and some of the lowest fees in the market. With factory gate pricing of 0.55% for set up (minimum £150), 0.50% per annum (minimum £125), and a minimum investment of just £25,000, the advantage of offshore bonds are now available to the broadest range of clients.

The Offshore Bond is a standard whole of life unit-linked insurance policy allowing multiple lives assured. The underlying investments will be managed discretionarily by Parmenion in accordance with a mandate supplied by the Advisers for a further 0.30% per annum (plus VAT).

Initial commission of up to 3% and annual trail commission of up to 1% may be requested.  

Register to receive more information here

To view the press release click here

Or contact the sales team

Documentation and brochures

View the product brochure

View the key features

Bond illustrations

Get an illustration here for a Parmenion Offshore Bond.

Or contact Andrew Paul at IOMA by email or by calling 01624 681200.

Please find below a checkllist of the information required to produce an accurate illustration. Please have this information available before calling Andrew.

Checklist:

IFA Company

Contact

Addresss

Tel no

Email

Client Name

Client DOB

Premium

IFA initial Commission (Max 3%)

IFA Renewal Commission (Max 1%)

IFA Dealing Commission (Max 2.1%)

Withdrawal Frequency Monthly/Quarterly

Withdrawal Amount £/% of premium p.a

Parmenion risk rating/Asset Class weightings