Parmenion Offshore Bond
Parmenion Offshore Bond
The Parmenion Offshore Bond (the “Bond”) is a series of single premium whole of life assurance policies issued by IOMA Life. The Bond will be divided into 20 identical individual segments. You may however elect to have your Bond divided into up to 100 segments of the same amount, as long as the segments contain a minimum of £2,000 each.
Premium will be invested in collective funds, which constitutes the Parmenion asset classes and their respective weightings in the portfolio.
The bond aims to:
- To provide you with the opportunity to achieve tax efficient capital growth over the medium to long-term.
- To provide you with reasonable access to your investment at anytime.
Basic Features
| Investments | Collectives/UK Assets/Discretionary Managers |
| Withdrawals | Yes - GBP100 min, Subject to minimum policy value GBP5,000 regular withdrawals applied |
| Death Benefit | Surrender Value + GBP100 |
| Surrender | Yes |
| Assignments | Yes - individual policies |
| Additional Charges | Investment Adviser (undefined) |
| Additional Notes | Product no longer restricted to Parmenion |
| Policy Currency | GBP |
| Adviser assigned | Combination of self-advised, adviser (ongoing adviser charges) and broker |
| Segments | No segmentation rules applied |
| Charges | Charges will be deducted quarterly on policy anniversary based on the policy value. Admin Fee minimums apply |