The report, which was commissioned by Prudential International – the only international life office still actively promoting offshore with-profits bonds, looked at the providers’ financial strength, transparency and future performance – giving them a rating for each category.
Reviewed by AKG were Aegon, Aviva, Axa, Friends Provident, Scottish Mutual, Clerical Medical Insurance, LCL International Life Assurance Company and Prudential International.
The report is available for advisers to download for free (until Mid-November) from www.pruadviser.co.uk/offshorereport
Paul Fidell, business development manager at Prudential, said the report gives advisers a useful tool with which to review their clients current with-profits investments, and to make changes if needs be.
“We have been saying for many years that not all with-profits products are the same,” added Fidell. “This comprehensive and detailed report adds weight to that argument.”
