Skandia International first to make Investec Autocall linked fund available within an offshore bond wrapper
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10/03/2014

Skandia International, part of Old Mutual Wealth, is the first provider to structure an Investec Autocall as an internal fund, enabling it to be held within an offshore bond in the UK.  This innovative new fund launches today, and will help meet the growing demand for structured capital at risk products to be available through an offshore bond wrapper in the UK.

The fund, called the RS GBP Investec FTSE™ 100 Defensive Autocall Fund Issue 1, is exclusively available through Skandia International’s offshore portfolio bonds in the UK. The fund is designed to repay the initial investment and deliver a return of 7% a year provided the FTSE™ 100 is above a specified level (Autocall level) on a specified date (Autocall date).  

The diagram below helps to demonstrate how the product will work:

 

 

 

Alistair Campbell, head of investment marketing at Skandia, comments:

“We are focused on becoming a leading investment business, and this innovative investment solution demonstrates our commitment to delivering real solutions to advisers and their clients. Investec is one of the leading structured products providers in the market today and we are seeing high demand for this type of solution.”

 

Gary Dale, head of intermediary distribution - structured equity derivatives at Investec, comments:

"We are delighted to be working with Skandia International, a leading offshore investment provider, with this new innovative investment solution. Utilising an offshore bond wrapper together with the pre-defined pay-off profile of a structured investment offers advisers and investors yet more choice in the way they design their investment portfolios."

 

Skandia International is registered as a business name of Royal Skandia Life Assurance Limited

 

For more information contact

Sophie LentonOld Mutual Wealth02380 916 77007834 499 558

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £116.5 billion in customer investments (as at 30 June 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• Private Client Advisers to Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.