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Investments News
Axa launches new "flexible" offshore account - 23/07/2007
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A new offshore account has been launched by Axa Isle of Man (IOM), designed to offer flexibility to investors.
The new Regular Investment Account carries a minimum investment of £500 a month and a single lump sum maximum payment of £20,000, with no limit on the overall fund size.
Both single and regular premiums are accepted and consumers can choose a medium-term deal of at least five years or invest in the long-term plan of a minimum of ten years.
"Customers were very clear that they wanted a product which was flexible enough to fit around today's changing lifestyles," commented offshore proposition manager at Axa Isle of Man Christine Hall.
"We have therefore allowed premiums to be easily stopped and started again without penalising the customer," she added, explaining that after the first year, savers contributing monthly or quarterly payments can take a three-month premium holiday.
Meanwhile, the financial services provider recently announced that it is to address consumers' demand for alternatives by launching the new bond wrapper the Axa IOM Bramdean Fund.
© Adfero
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