Legal & General has launched its new international life insurance company, Legal & General International (Ireland) Limited.
The new company is based in Dublin, Ireland, which has a proven reputation as a centre for specialist financial services and as an EU member state, has a strong customer-focused regulatory environment. Legal & General International is committed to providing quality offshore investment products together with efficient administration and dedicated service to advisers.
A strong heritage
Legal & General International is a subsidiary of Legal & General Group and aims to build on the heritage of its UK business. The Group is one of the UK’s leading financial services companies and one of the UK’s top 50 companies in the FTSE 100 Index, responsible for investing over £257 billion worldwide (as at 30 June 2007) on behalf of investors, policyholders and institutions.
A strong product portfolio
The company has launched with a strong product portfolio - two open architecture products offering customers wide and diverse fund choice and control over their investments. These are the International Portfolio Bond and an inheritance planning solution, the International Discounted Gift Scheme. The International Portfolio Bond will also be available through advisers using the Cofunds platform by the end of this year.
Initially, products are available to UK residents only but future plans include, the cross border opportunities that exist from passporting into Europe.
What is the International Portfolio Bond?
The International Portfolio Bond is a single premium whole of life investment bond that can hold a wide range of investments. It offers a variety of charging and commission structures designed to meet clients' needs and accommodate the advisers’ business model.
Investments can be in a wide choice of assets from a range of investment managers and deposit account providers. Features include:
- a wide range of collective investment schemes, including unit trusts and open-ended investment companies (OEICs);
- a choice of international life funds provided by Legal & General International;
- cash deposits offering what we believe are competitive rates; and
- a choice of investment currency - Pound, Euro or US Dollar.
Clients can also benefit from the strength of Legal & General International to negotiate preferential terms with leading fund managers.
International Discounted Gift Scheme
The Legal & General International Discounted Gift Scheme combines a choice of two Discounted Gift Trusts with the Discounted Gift International Portfolio Bond to manage the impact of inheritance tax.
The Scheme offers:
- a choice of either a Discretionary Trust or Absolute Trust structure to suit individual needs; and
- an expert team of tax and trust specialists on hand to help with this complex area of financial planning.
The value of investments can fluctuate, are not guaranteed and customers may not get their full money back.
Limited offer
Until 30 June 2008, up to 1.00% additional investment allocation is available. The offer is dependent on the amount of the investment and terms and conditions apply.
Want to know more?
For further information, give us a call on 0845 6740 803 or visit
www.legalandgeneralinternational.com/advisers
Legal & General International (Ireland) Limited is authorised by the Financial Regulator in Ireland and regulated by the Financial Services Authority for the conduct of insurance business in the UK.
This is not a customer advertisement. It is intended for professional financial advisers and should not be relied upon by private investors or any other persons.
