Prudential International’s Portfolio Account, a single premium offshore portfolio bond, has been relaunched in the UK with four charging options to cater for fee-based advisors and their clients. Under the new terms, the annual management charge has been scrapped on 92 per cent of the funds. The minimum investment is £50,000 for the bond which Prudential International hopes will be an attractive alternative to platform-based wrappers. "The Portfolio Account brings together for the first time factory gate pricing and an almost unlimited range of collective investment from markets across the world and will provide an alternative for investors who might have looked at fund supermarkets or wraps in the past," said Richard Leeson, head of UK development for Prudential International.