For these investors the new bonds will replace the International Prudence Bond and Prudential’s Portfolio Account, respectively, while top-ups from existing customers will continue to be accepted on these products.

Both bonds are designed to facilitate advisor charging but many of their features, including Prudential’s range of multi-asset funds, remain consistent with the previous product range, Prudential International said in a statement.

The PIIP facilitates the option of an additional ongoing investment advisor charge, suiting clients requiring that option.

“By launching these new ‘RDR ready’ bonds, we are demonstrating that Prudential International remains firmly committed to the UK and non-UK offshore market,” said Paul Fidell, senior business development manager.