The Ascot Life International Savings plan offers four different investment strategies for advisers or clients to choose from, with each fund domiciled in Malta and managed independently by Conifer Capital.
In a statement, Ascot said that by using the fund the company is able to “mitigate against two of the primary reasons IFA’s are nervous of notes” – the first being counterparty risk and the second specific market risk.
These risks, said Ascot, will be mitigated by having counterparty diversification and by using a “wide and varied” choice of structured notes.
The product is offered in a number of currencies, including sterling, US dollar, euro, Japanese yen and Australian dollar. Contributions, which can be as low as $500 a month (or equivalent), can be made monthly, quarterly, semi-annually or annually.
The investment term of the product can be between five and 25 years and Ascot said funds will grow tax fee, exempt from Mauritian tax.
