HSBC Onshore Investment Bond exclusively on Ascentric

HSBC has launched the HSBC Onshore Investment Bond - Ascentric, exclusively on the independent wrap platform.

The launch of the product will provide Ascentric advisers with an innovative open architecture bond together with access to a market-leading technology service.

The nature of this exclusive relationship sees HSBC using Ascentric's whole of market access to investments and dealing functionality to power their proposition. All assets generated through the Onshore Investment Bond - Ascentric will be held on the platform.

Aimed at clients who want a professionally managed whole of market solution for their investment portfolio, the Onshore Investment Bond - Ascentric offers the following features:

An innovative combination of open architecture and tax efficiency

Access to over 2,000 funds from across the market

Competitive pricing structure with no set up costs and fund rebates credited to the client account

The provision of multi-life facility where the investment continues until after the death of the last surviving life insured (up to 10 lives)

Wide range of trust options available, including access to a Discounted Gift Trust to support IHT planning, the only one available on a wrap platform

Total transparency with all transactions undertaken through a cash account and unbundled charges.

The HSBC Onshore Investment Bond - Ascentric provides an effective vehicle for a range of trust, tax and business planning scenarios. Ascentric users will need to register with HSBC via their extranet facility (bond.hsbc.co.uk).

Tim Potten, Head of Life Investments, HSBC Insurance, commented, "HSBC is excited to be linking up with Ascentric's market-leading platform. The venture has allowed us to develop a truly dynamic set of products that will enable advisers to offer customers a highly competitive bond with whole of market fund access."

Commenting on the launch, Richard Goodall, Ascentric's Sales Director said, "The fact that HSBC have chosen us as an exclusive partner to launch their Investment Bond is a great endorsement of our growing business and market standing. The launch of this Bond adds further breadth to our proposition, and means our users can offer their clients a market-leading open architecture Onshore Bond from a global financial institution within our market-leading technology solution."