Old Mutual International launches new portfolio bond in Sweden

Old Mutual International has launched the Swedish Executive Portfolio, a new portfolio bond for Swedish investors.

This bond seeks to provide an opportunity for Swedish investors to use multiple custodians within the one life assurance contract.

For instance, investors can diversify their investments across multiple portfolios, without having to fully rely on one investment professional.

Investors can select up to three different custodians.

This bond allows the investor to transfer between investment managers without it being treated as a new premium and is therefore not subject to additional tax.

The Swedish Executive Portfolio is in line with Swedish rules governing private property when nominating beneficiaries.

This allows investors to ensure their children’s or grandchildren’s inheritance can be protected as their private property, known in Sweden as “Enskild Egendom”.

The new bond will produce a tax report annually, which will support advisers who often help their clients with their tax forms.

Marcel Bradshaw, sales director, Old Mutual International, said : “The new Swedish Executive Portfolio is a great example of how we continue to develop tailored solutions to local clients based in our international markets. We have a long history in the Swedish market and we are committed to its future.

“Sweden is a market where the majority of business is managed by custodians, such as investment managers. This market leading proposition will enable clients to hold multiple investment managers within one life assurance contract, helping them to diversify the custodians looking after their wealth.”

Close Window
View the Magazine

You need to fill all required fields!