The company, which is a subsidiary of the South African headquartered multinational Sanlam group, said it has adjusted the fees to affirm its commitment to the advisers operating in the UK offshore bond market.
With immediate effect, investors will be charged a set up fee capped at £300, an annual management charge of 0.5%, down from 1.5% (and capped at £1,200 p.a.) and a annual custody fee of 0.05% – down from between 0.4% and 0.25% previously.
Sanlam said it has amended the pricing structure “to show its commitment to UK IFAs that are active in the offshore bond market”, adding that it believed it to now be “one of the most competitively priced offshore bonds in the market”.
At the time of the original launch in March 2012, Sanlam Global Investment Solutions managing director Cobus Kruger said: “The SGIP is a long-term investment and also allows access to leading global fund managers, including Sanlam’s own discretionary investment management (DIM) services, or an independent DIM of one’s choice.
“In addition, investors will have access to Sanlam’s Accel risk profiler and Accel investment solutions through the Sanlam Global Investment Plan.”
