Scottish Friendly has launched an open architecture onshore bond on Ascentric and IFDL with a 0.35% wrapper charge with no set up costs.
The Scottish Friendly Onshore Bond (Platform Account) will shortly go live on the wrap platform. Scottish Friendly will be responsible for the administration of the bond while the platform will manage all investment dealing and settlement. A minimum investment of £10,000 is required. Ascentric/IFDL sales and marketing director Mike Morrow said: "The launch of the Scottish Friendly Onshore Bond (Platform Account) adds breadth to our proposition, and means users can offer their clients an open architecture Onshore Bond within our technology solution. Scottish Friendly's administrative e...
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