Insurance-based financial services provider Utmost Wealth Solutions has unveiled an assurance vie product for expats in France.
Apex (France) combines a life assurance policy with a range of investment options designed to suit clients’ needs and offering a tailored solution, enabling expatriates to take advantage of the favourable French tax regime for investment-linked life assurance.
It includes features such as online servicing and a wide range of investment choices suited to the firm’s client base.
Paul Thompson, Utmost Group chief executive, said: “I am delighted to officially launch our new Apex (France) product. During the product development stage, we consulted our advisers and clients, and their feedback was very important in terms of shaping our overall proposition.
“France is a key strategic market for insurance-based wealth solutions and our entry into this market marks a significant milestone in the development of our growth strategy.”
This comes several months after Utmost Group entered into an agreement to acquire Quilter International.
The deal is subject to regulatory approval and will see Quilter receive roughly £483m ($665m, €567m) in cash assuming completion on 31 December 2021.
