The life assurance bond will now be available for purchase on the platform alongside a range of third party products including offshore bonds, onshore bonds, SIPPS, and QROPS.
STM’s product allow advisers access to a limited choice of assets including units in authorised unit trusts and shares in investment trusts. Policyholders can either appoint a discretionary fund manager or have direct involvement in the asset selection.
Peter Collier, head of distribution at Platform One, said: “Advisers across Europe use this product, and making it available through Platform One is going to help them access the benefits of the bond and our platform at the same time.”
Managing Director of STM Life Assurance, David Cameron, said Gibraltar’s protected cell legislation gives policyholders an “extra level of security”.
The news follows the recent addition of TCF’s Investment Model Portfolios and Skandia’s International Bonds to Platform One’s offshore offering.
