Quilter International has announced that it is launching its new French Executive Portfolio bond.
The French Executive Portfolio is a tax efficient life assurance product for wealth planning and is available to customers who have at least €75,000 to invest. The type of product is known as ‘Assurance- Vie’ in France and is the number one savings vehicle there due to its efficiency. It is a single premium, whole of life policy and can be applied for by individual or joint applicants and has a death benefit of 101% of the value of the bond. The product is aimed at the English-speaking expat market in France.
Quilter International, which has its HQ at King Edward Bay House in Onchan, is a leading cross-border provider of wealth management solutions and part of Quilter plc.
Peter Kenny, CEO, Quilter International said: “After listening to our valued European adviser community, we realised there was widespread demand for a French compliant product for English-speaking expats in the country. An estimated one-in-three French residents own a life assurance product and there are approximately 150,000* UK expats living in France, illustrating that there is a large market with a clear need for a product like this. The product enables customers to access a wide range of investment opportunities and is portable suiting internationally mobile expats. Similarly, clients benefit from simple tax reporting, improved intergenerational wealth planning options and tax efficiencies.”
* Source: UK Office of National Statistics 2017