The two single premium bonds, called Selection and Delegation, are available through the group’s Dublin-based portfolio.
The company said the development is a further demonstration of its commitment to UK advisers servicing high net worth clients needs by use of offshore bonds.
“The addition of a capital redemption option to our Dublin-based portfolio enhances the range of options advisers can offer their clients when considering the most appropriate financial planning solutions via a choice of capital redemption or life assurance bonds, in addition to a choice of jurisdiction,” said Simon Woolnough, head of sales, proposition and marketing at Utmost Wealth Solutions.
Utmost Wealth Solutions offers a suite of life assurance and capital redemption bonds via both its Dublin and Isle of Man offices, with Dublin offering a discretionary fund management option through the Delegation Bond.
Irish expansion
Earlier in July, Utmost brought two existing Dublin-based offshore bonds over to its range following the completion of its acquisition of the investment bond business of Axa Life Europe, which was renamed as Utmost Ireland.
Axa Isle of Man was acquired by specialist M&A firm Life Company Consolidation Group (LCCG) in April 2016.
It was rebranded as Utmost Wealth Solutions in October of the same year, at which time it was announced that the company had entered into an agreement with Axa to acquire part of its Irish business.
