The international life arm of Quilter has expanded its offshore bond range in the UK by adding two products to the market.
Quilter International has launched a life and a redemption version of its international wealth bonds.
The products, which are issued in the Isle of Man, complement Quilter International’s existing Ireland-based European wealth bond range.
They will strengthen Quilter International’s “high net-worth proposition and offers more choice to clients and advisers over which jurisdiction they want to situate their wealth”, the firm said.
It uses a discretionary asset manager on a full discretionary basis, which means the bond can access a wider asset choice than is normally permitted within a UK offshore bond, including direct equities and bonds.
Wider choice of options
Peter Kenny, chief executive at Quilter International, said: “The UK market continues to be a core growth market for our business. The opportunities for offshore bonds continue to grow in the UK and we are seeing rising demand for a wider choice of options.
“The introduction of these new products, in addition to the recent enhancements that have been made to our wealth bond proposition, will boost our high net worth offering.
“Having a compelling proposition from both Ireland and the Isle of Man broadens our range of offshore solutions, offers advisers and clients jurisdictional choice, and puts us in strong position moving forward.”
