Financial services giant M&G has launched the Prudential International Portfolio Bond (IPB), an offshore bond product, in the Channel Islands and the Isle of Man.
The bond, which has been available to UK advisers through Ireland-based Prudential International Assurance (PIA) since 2020, will give advisers in the jurisdictions access to a wide range of investment options, including its PruFund range.
IPB is a single premium insurance contract that offers online illustrations for individual, corporate and trustees cases, and online applications for individual cases.
As well as the PruFund range of funds, advisers and their clients can invest in funds from external fund managers within the same international bond.
Michael Leahy, managing director of PIA, said: “Modern, digital products are in high demand and we’re delighted to be able to extend the availability of Prudential International Portfolio Bond, with its online functionality and wide investment choice, to advisers and their clients based in the Channel Islands and the Isle of Man.
“Today’s launch also gives advisers in these jurisdictions access, for the first time, to the PruFund Planet range funds, which offers their clients the combined benefits of smoothed market returns and positive environmental and societal outcomes.”
