Standard Life International Bond available in Channel Islands and Isle of Man

Standard Life International is pleased to announce that the company can now accept business from residents of, and trusts based in, the Channel Islands and the Isle of Man.

Managed and serviced by Standard Life International in Dublin, the International Bond features a wide range of investment options available to customers. In addition, advisers and their clients can choose from a wide range of mutual funds, a panel of Discretionary Fund Managers, a selection of deposit accounts and a whole of market option. The International Bond also offers a transparent charging structure for customers and flexible commission options for financial advisers.

Launched in the UK in March 2007, the enhanced offshore bond builds on the success of Standard Life International’s first International Bond which came to the market in January 2006.

Commenting on the development, Murray Drummond, Head of European Development, Standard Life International Limited said “Now that our International Bond is well established in the UK, we are looking to expand into other territories and markets. The Islands’ markets are a natural first step given the well established regulatory environment and the significant volumes of business written in these jurisdictions.”

Murray continued, “Over the coming months we will be evaluating business opportunities in mainland Europe to further develop our offshore presence.”

Standard Life International will write business cross border from Ireland into the Channel Islands and Isle of Man. It has obtained a licence to conduct business in Jersey and has notified the appropriate authorities in Guernsey and Isle of Man, thus ensuring that the company can write business with immediate effect.