The new bond is available to individual and corporate clients resident outside of the United Arab Emirates, Hong Kong, and Singapore, and is available on both a whole of life and capital redemption basis.
It also introduces the ‘annual policy charge’ and ‘ten-year establishment charge’ charging structures.
Customers who choose the annual policy charge option and make an initial investment of £500,000 will be able to invest without incurring any fixed administration charges.
The company added that fully authorised versions of the new bond will be launched in the near future throughout each of its core markets.
Philip Cernik, head of global expatriate propositions, said: “We now offer a variety of charging structures to meet the requirements of a wide range of investors.
“New reserve is now even more relevant to today’s investors, and can be used in a number of different planning scenarios including retirement and estate planning.”
Earlier this month, FPI executive chairman John Van Der Wielen said he does not “rule out” a scenario in which the business will be sold next year.
Responding to reports by analysts and in the media that parent company Friends Life has hired Goldman Sachs to find a buyer for FPI, Van Der Wielen told International Adviser that in the corporate world one thing he has learnt is that “you can never rule out any scenario”.
“We’ve always said, as a responsible shareholder, we are not emotive about any one asset that is part of the Friends Life group. We’d always act responsibly for the benefit of both the shareholders and policy holders, so no, you can never rule anything out.”
