Utmost Wealth Enhances Dublin-Based Bonds With New Option

Robbie Lawther

14 September 2017

Isle of Man-headquartered has launched a capital redemption option on its Dublin-based delegation and selection bonds.

This enhancement complements the capital redemption option that is already available on the group’s Isle of Man-based portfolio. The addition to the Dublin offering comes just three months after the launch of Utmost Ireland, the firm said in a statement.

Redemption is the return of an investor's stake in a fixed-income security, such as a preferred stock or bond, or the sale of units in a mutual fund.

“We have ambitious growth plans for Utmost Wealth Solutions," said Simon Woolnough, head of sales, proposition and marketing. "The addition of a capital redemption option to our Dublin-based portfolio is a further demonstration of this commitment. It 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.”

Utmost and Utmost Ireland both provide "offshore" life assurance and capital redemption bonds for high net worth UK residents and UK ex-pats serviced by fully regulated intermediaries in the UK, Channel Islands, and the Isle of Man.