helping you to grow The International Select Bond The European Select Bond

Transcription

1 helping you to grow your wealth with confidence The International Select Bond The European Select Bond FOR UK INVESTORS

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3 CONTENTS WHY DO CUSTOMERS BUY OFFSHORE BONDS? 4 KEY FEATURES OF OUR OFFSHORE SOLUTIONS 5 WHAT IS THE SELECT BOND? 6 WHY CHOOSE THE SELECT BOND? 7 ACCESS YOUR INVESTMENT ONLINE WITH OUR AWARD-WINNING SERVICE 8 FLEXIBILITY FROM YOUR SELECT BOND 10 A FOCUSED INVESTMENT RANGE 12 YOUR BOND IS PORTABLE, SO YOU CAN TAKE IT WITH YOU 13 CLEAR CHARGES 14 INHERITANCE TAX PLANNING 15 A CHOICE OF WAYS TO SET UP YOUR BOND TO SUIT YOUR NEEDS 16 A SECURE OFFSHORE HOME FOR YOUR INVESTMENT 17 ABOUT OLD MUTUAL INTERNATIONAL 18 All references to Old Mutual International, we, us and our in this brochure refer to either Old Mutual International Isle of Man Limited, who is the provider of the International Select Bond or Old Mutual International Ireland dac, who is the provider of the European Select Bond. The value of investments and the income from them can go down as well as up. You may not get back as much as you invest. This document is based on Old Mutual International s interpretation of the law and HM Revenue and Customs tax practice as at June We believe this interpretation is correct, but cannot guarantee it. Tax relief and the tax treatment of investments may change. Please note that throughout this brochure, we use the word fund to also mean the assets that you choose to invest in. 3

4 WHY DO CUSTOMERS BUY OFFSHORE BONDS? Offshore is a common term that is used to describe locations where companies can offer customers growth on their investments that is largely free from tax. This includes locations such as the Isle of Man, Dublin, and other locations such as the Channel Islands. Old Mutual International is part of Quilter, a leader in wealth management in the UK and selected offshore markets, providing advice-led investment solutions and investment platforms. Quilter plc oversees billion in customer investments (as at 31 March 2018). Old Mutual International has offices in the Isle of Man and Dublin, meaning that we can offer customers the benefits of either location. Offshore products, such as the Select Bond, are perhaps most commonly thought of as offering tax advantages for UK higher rate taxpayers but there are also a number of other aspects that potentially make them attractive for a wider range of customers. Offshore products can offer specific benefits to financial advisers and customers as follows: Virtually tax free growth Known as gross roll-up, funds can grow free of year-on-year capital gains tax and income tax charges. However, withholding tax may apply in certain circumstances, for example deductions from dividends and certain interest received by the fund. Tax deferral Up to 5% of each premium that you invest can be withdrawn each policy year with no immediate tax liability. The 5% withdrawals can be accumulated over a number of years and withdrawn together with no immediate liability to income tax. There is no liability to capital gains tax at any time. Inheritance tax planning Offshore products can be beneficial when used with a trust to help with inheritance tax (IHT) planning; one of the solutions that offshore products can provide are redemption contracts (see page 16 for full explanation) which can be especially effective for inheritance tax planning. Self-assessment friendly Offshore bonds are non-income producing assets, and are not assessable for UK income tax purposes until a chargeable event occurs, such as cashing in more than 5% of each premium that you invest. A range of policy currencies, US$ or Fund adviser/discretionary asset manager can be appointed to manage your investment portfolio on your behalf. a fund adviser, who you can appoint, subject to our acceptance; a discretionary asset manager, who we may appoint if you request. The above may act either on an advisory basis, meaning they provide recommendations on the selection of funds and obtain permission before submitting dealing instructions; or on a discretionary basis, meaning they can choose funds which fall within an agreed investment mandate, and submit dealing instructions without seeking permission first. They must be appropriately licensed and regulated by the appropriate authority. 4

5 COMPREHENSIVE TRUST SUITE For generation planning and reducing tax liabilities ACCESS TO UK TAX-COMPLIANT FUNDS ACCESS TO OUR INDEPENDENT TRUSTEE SERVICE Old Mutual International Trust Company, available at a competitive price WIDE INVESTMENT RANGE Negotiated reduced charges on the investment range ACCESS TO ASSET MANAGEMENT SERVICES KEY FEATURES OF OUR OFFSHORE SOLUTIONS FLEXIBLE ADVISER FEES TAX-EFFICIENT WITHDRAWALS WEALTH INTERACTIVE 24/7 access to our award-winning online wealth management service A RANGE OF CURRENCIES FLEXIBLE POLICY SEGMENTS With a simple assignment process 5

6 WHAT IS THE SELECT BOND? The Select Bond is a single premium, whole of life, unit-linked bond issued by Old Mutual International. It should be viewed as a medium-to long-term investment (meaning five years or more). It is specifically designed to be tax efficient for UK resident investors, allowing you to take maximum advantage of potential offshore tax benefits. The bond may be suitable for you if you wish to invest for your retirement, or another long-term goal, and you have already used up other tax-efficient allowances such as your UK Lifetime Allowance and/or ISA allowance. With an initial minimum lump-sum premium of 20,000, the Select Bond is more accessible than many other offshore bonds, which typically require a higher level of investment. THERE ARE THREE VERSIONS OF THE SELECT BOND: International Select Bond European Select Bond Provided by: Old Mutual International Isle of Man Limited Old Mutual International Ireland dac Type of bond: Life assurance Capital redemption Life assurance Please see page 16 for a detailed explanation of life assurance and capital redemption. PAYMENTS INTO YOUR SELECT BOND: MINIMUM INITIAL PREMIUM 20,000 US$30,000 30,000 ADDITIONAL LUMP SUM 500 US$ Your wealth has plenty of opportunities to grow, thanks to the wide range of funds on offer. You can also use the Select Bond with a trust for estate planning purposes, helping to ensure that as much of your wealth as possible is passed on to future generations. What is the Lifetime Allowance? The Lifetime Allowance is a UK limit on the amount of pension benefit that can be taken from pension schemes whether as a lump sum or retirement income without triggering an extra tax charge. The Lifetime Allowance for the current tax year is 1,030,000. 6

7 WHY CHOOSE THE SELECT BOND? Offshore bonds such as the Select Bond are often used for their tax efficiencies. Some of the key benefits are: tax-free growth Known as gross roll-up, investments can virtually grow free of year-on-year capital gains tax and income tax charges. However, withholding tax may apply in certain circumstances. UK TAX deferral Up to 5% (for up to 20 years) of each premium can be withdrawn each policy year with no immediate tax assessment. The 5% allowance is cumulative, meaning unused amounts can be carried forward to future policy years with no immediate assessment to income tax. Self-assessment friendly Tax Benefits Old Mutual International Isle of Man and Old Mutual International Ireland are both based in tax-efficient environments and are not currently liable to income tax, capital gains tax or corporation tax on funds linked to policies they issue, so your investment will be able to grow virtually free of tax. Some of the dividends earned by the funds linked to your bond may be liable to withholding tax in their country of origin and therefore only the net value of those dividends will apply to the value of your bond. However, once the dividends form part of the assets linked to your bond, they can accumulate within the policy free of tax. These tax-efficient jurisdictions can help you to make the best use of your own personal tax allowances. Changing the underlying funds linked to your policy will also be tax-free in the Isle of Man or Ireland. Offshore bonds are non-income producing assets, so there are no tax return considerations unless a chargeable event occurs, for example full policy surrender or exceeding the cumulative 5% allowance. Tax planning The Select Bond allows you to postpone when you pay tax by timing your withdrawals. This is because it is considered a non income producing asset for UK tax purposes due to the bond s structure. The Select Bond is not liable for UK capital gains tax. Additionally, you have the freedom to buy and sell different funds as often as you want without creating any personal tax liability. If you choose the International Select Bond Redemption, then your policy will continue until its maturity date, unless it is fully cashed in by you before your death, or by your executors following your death, or by the trustees if it is held under trust. 7

8 ACCESS YOUR INVESTMENT ONLINE WITH OUR AWARD-WINNING SERVICE You can access your investment 24 hours a day, 7 days a week using our award-winning online service, Wealth Interactive. It makes it much quicker and easier to apply for your Select Bond too, as your application is validated as you progress through the online application. Once your Select Bond is live, you can monitor its progress online and access the documents you require, quickly and easily. You can also use the transaction history to check when deals were placed, when additional premiums were processed, and see when any charges were deducted, so you know exactly what s going on with your bond without having to pick up the phone. Facts and figures at your fingertips Wealth Interactive provides you with an at-a-glance view of your Select Bond, and a straightforward, clear and transparent way to access your information. You can sign in and review your policy whenever you want to. You ll be able to check the latest available facts and figures about your investment and keep up to date with any changes made by your financial adviser. Buy and sell funds Help is at hand Wealth Interactive is supported by our large, highly experienced customer services team, our investment administration department and our knowledgeable technical team. So, if you or your financial adviser need any help with the service, just call us on +44 (0) or ask@ominternational.com. Access factsheets for the funds you hold Get a history of your transactions What can you do on Wealth Interactive? Check your bond s current value See how your chosen funds have performed View any correspondence we ve sent you 8

9 Extra reassurance Wealth Interactive can help you feel more involved with your investment because you can see how it s performing. When you discuss your policy with your financial adviser, you ll already have all the latest facts at hand. Reducing paperwork and waiting times Wealth Interactive makes your life easier because you can update your personal details quickly and easily online, as well as approving key transactions electronically, reducing the amount of paperwork you need to sign and file. You can also view correspondence between you and Old Mutual International about your policy. Your financial adviser can even request your online approval of transactions such as buying and selling funds this will speed up the approval process and ensure that transactions happen faster. You can then sign in to review the transaction and submit or request changes if you wish. Support for your financial adviser We also share important information with your financial adviser to help them provide you with the best possible service. Wealth Interactive gives your financial adviser easy access to all the data, tools and insight they need to help manage your investment portfolio and maximise your wealth. It also provides support and services to help them plan your portfolio and keep it on course to achieve your long-term goals. Altogether, Wealth Interactive should make investing an interesting and engaging process for you. 9

10 FLEXIBILITY FROM YOUR SELECT BOND PUTTING MONEY IN An important benefit of the Select Bond is that it allows you to request payment of additional lump sum premiums whenever you want to. You do not have to commit to a specific amount, but the additional lump sum must be at least 500/ 750/US$750. Add additional LUMP sums from as little as 500. REBALANCING Automatically realigning the weightings of your portfolio. PHASING IN THE INVESTMENT OF YOUR PREMIUM over time. REBALANCING AND PHASING IN INVESTMENTS Whichever investment range you choose, your financial adviser or fund adviser can make use of automatic rebalancing, to keep the proportions allocated to individual funds in line with your original choice. Another service you can choose is to spread the timing of your investment of your premium into your chosen selection of funds over a period of time. This is known as phasing in. What is rebalancing? Rebalancing is the process of realigning the weightings of your portfolio of funds. It involves buying or selling funds in your portfolio over a set period of time, in order to maintain the agreed level of asset allocation. Your adviser may use rebalancing to manage your investment; please ask them for further details. For example, say an original target asset allocation was 50% in an equity fund and 50% in a bond fund. If the equity markets performed well during the period, it could have increased the equity weighting of the portfolio to 70%. The investor may then decide to sell some of the equity fund holdings and buy more bond fund holdings to get the portfolio back to the original target allocation of 50/50. What is PHASING IN? Our phasing in option allows the gradual movement of your premium, over time, into a different set of individual funds. This can help timing risk, the risk associated with placing all your investment in a fund at the top of the market (i.e. at its highest price). However, it may also reduce the possibility of placing all your investment in the fund near the bottom of the market, when prices would allow more units to be purchased. These options cannot be used at the same time. You can start the rebalancing option at anytime, but the phasing option can only be started with the initial investment or a later top-up. Both options can be stopped at any time. The period for the phasing in option is 3, 6, 12, 18 or 24 months. Phasing in will stop if the feeder fund (the fund specifically designated by you as the fund you are moving money out of) becomes valueless or if it closes or merges with another fund or is unable to trade due to the fund becoming suspended. 10

11 Please remember that the Select Bond is designed to be a medium to long-term investment, so withdrawing money out of your bond in the early years can dramatically reduce its potential for growth. You should always talk to your financial adviser before deciding to take a withdrawal. TAKING MONEY OUT The Select Bond gives you flexible access to your capital. As long as you leave a minimum amount of 10,000/ 15,000/US$15,000 in your policy, you can normally request to withdraw money, subject to the minimum amounts noted below provided that the amount in your policy can sustain both the withdrawals and the charges involved. If the value of your bond falls below the minimum value for maintaining a policy, we may surrender it unless you agree to add a further premium to your policy. There are a number of ways to access your capital: PART SURRENDERS: Regular withdrawals You can use your policy to supplement your income on a regular basis; either monthly, quarterly, every four months, half-yearly, or yearly. Regular withdrawals are subject to a minimum withdrawal amount of 100/ 150/US$150. One-off withdrawals You can normally request to withdraw any amount you want at any stage, subject to a minimum of 1,000/ 1,500/US$1,500. You can withdraw, by part surrender, up to 5% of each premium paid each policy year, without any immediate UK tax liability, for up to 20 years. This allowance is also reduced by the amount of any partial surrender made to pay fees your fund adviser. (However, where a discretionary asset manager is appointed, payments made for their services are by way of a policy charge rather than a withdrawal and therefore do not impact on the 5% limits.) If you don t use this allowance in a specific policy year, you can carry it over to the next policy year, so you could withdraw 10% in year two, and so on. Also, any unused amount can be carried forward to future policy years, so if you only use 4% in year one, you can add the unused 1% to the next year s 5% allowance, meaning you could take 6% in the second policy year. TOTAL SURRENDER OF THE BOND OR INDIVIDUAL POLICIES Our Select Bonds are split into a number of policies (you can select any number you want up to 9,999, but the default is 100 and this cannot be changed once the policy has been set up) to give you greater flexibility. You can request an encashment by the total surrender of one or more individual policies. You should be sure to consult your financial adviser before requesting an encashment from your policy. If you do not specify how you wish to take your encashment from your policy, we will process your request as a partial surrender. Ways of reducing your tax liability For information about paying tax on the proceeds of your policy, talk to your financial adviser to find out how you can help reduce your liability. Ask them about top-slicing as they can help you decide if this is appropriate for your individual circumstances. 11

12 FLEXIBILITY FROM YOUR SELECT BOND A FOCUSED investment range In order to help fulfil your lifetime goals and legacy plans, it s vital that your chosen investment solution gives your money the opportunity to grow, as well as being tax-efficient and flexible. This is ultimately determined by the funds you hold within your bond. The Select Bond offers a choice of two investment ranges. With both ranges, you ll have the choice of a high-quality variety of funds to power your investment. WEALTHSELECT A hand-picked competitively priced range of around 60 funds from our Global Partners. Global Partners are world-class fund managers who provide highly cost-effective access to funds. The funds are constantly monitored to ensure they perform as expected and continue to meet our high standards. FUNDS selfselect Access to funds across all the major asset classes. Your portfolio can be constructed by your adviser using handpicked funds from our range of Global Partners. Alternatively you and your adviser can use one of our ready-made multi-asset solutions. portfolios Access to a wide range of funds so your adviser can create a bespoke portfolio which is appropriate for your needs, with plenty of choice in every sector. OUR researched range & multi-asset solutions Choosing the right investment route Your financial adviser will recommend whether WEALTHSELECT or SELFSELECT is right for you. Please note you can only invest in funds within WEALTHSELECT or SELFSELECT, it cannot be a combination of the two. CREATION cirilium A fully researched fund range of Global Partners, chosen based on their proven ability to deliver strong and consistent performance, and available solely within WEALTHSELECT. A range of diversified, risk-targeted multi-asset portfolios, invested in Global Partners and direct holdings. A range of diversified, risk-targeted multi-asset portfolios, with holdings across an extensive investment universe. A range of three funds aimed at investors who are either approaching retirement, at retirement, or some way through retirement, and require a flexible, bespoke solution. 12

13 FLEXIBILITY FROM YOUR SELECT BOND YOUR BOND IS PORTABLE, SO YOU CAN TAKE IT WITH YOU Life doesn t stand still. So the Select Bond makes it both possible and easy to keep your investment should you move to another country, either for work or for a change of lifestyle. TAX IMPLICATIONS AN EXAMPLE Bond cashed in after ten years lived abroad for seven years during that time 30% tax on ANY gains generated by THE bond If you hold the bond whilst living outside the UK, your chargeable gain if you return to the UK before you cash in your bond will be reduced in proportion to the amount of time you ve spent abroad, by using time apportionment relief - which your financial adviser can explain in more detail. For example, if you decide to cash in your bond after ten years but you have lived abroad for seven years during that time, you would only be taxed on 30% of the gains generated by your bond. This is because you would have lived in the UK for three out of the ten years. If you d lived in the UK for six out of the ten years, you would be taxed on 40% of any gains generated by your bond. If you move from the UK and surrender your bond but return within five years, the proceeds will still be taxable in the UK. If you move abroad, and need to cash in your Select Bond, the tax legislation of your new country of residence may apply. Your financial adviser can help you find out what these regulations would be and how they would apply to your bond. SHARING YOUR WEALTH You may decide that you want someone else to benefit from your investment maybe a child (who must be aged over 18) who is starting university, or another dependent. The Select Bond allows you to do this by assigning parts (called policies or segments ) of the bond to another person or party. By assigning some or all of your policies, you only keep ownership of, and have access to details for, the policies of your Select Bond that are not assigned. Any future transactions submitted by you, such as dealing instructions for your investment choices, will only apply to the policies you own. The same will be true for the assignee, who can only request transactions relating to the policies of the Select Bond that they own. The assignee then has control of those policies and can manage them independently. So, they can choose how to invest their bond policies, when they want to make withdrawals and so on. They can even decide to assign parts of their bond policies to another person. WITH WEALTH INTERACTIVE YOU CAN ACCESS INFORMATION ON YOUR POLICY, WHEREVER YOU ARE IN THE WORLD You should discuss any proposed move abroad and/or change of ownership of your bond with your financial adviser. Old Mutual International will require notification once a decision has been made. 13

14 FLEXIBILITY FROM YOUR SELECT BOND CLEAR CHARGES It s important to be clear about the charges you pay for your bond as they will affect the return on your investment. Your quarterly charge will be calculated using the tiered Management Charge below. These charges apply in bands, and are calculated based on how much you have invested. This example is for illustration purposes only. Your charges schedule will show the Management Charge applicable to your policy which will also be in your policy currency. The Select Bond s charges are straightforward and transparent to help give you peace of mind. The fund value on a quarterly date or final valuation date. Percentage amount per year There s a single, tiered Management Charge which reduces (in terms of the percentage you pay) if the value of your policy grows. On the first 25, % On the fund value above 25,000 up to 100, % On the fund value above 100,000 up to 500, % On the fund value above 500,000 up to 1,000, % On the fund value above 1,000, % For example, if you use the figures in the table above and the fund value on a quarterly date is 150,000, the Management Charge will be calculated in the following way: 25,000 multiplied by 0.60% = divided by 4 = ,000 multiplied by 0.45% = divided by 4 = ,000 multiplied by 0.40% = divided by 4 = plus plus = This provides the quarterly amount payable for this quarter. The Select Bond is designed to be an online product available via our award-winning end-toend wealth management service, Wealth Interactive. If you request paper valuations, you may be charged an additional fee. You can find out more information on Wealth Interactive on pages 8 and 9. 14

15 FLEXIBILITY FROM YOUR SELECT BOND INHERITANCE TAX PLANNING Your financial adviser may suggest that you help to safeguard your investment by placing your Select Bond in trust (assuming trusts are recognised in your country of residence if you move outside of the UK). This can help ensure that your wealth is used as you intended during your lifetime and after you die, and may offer some advantages in the future if you are self-employed, get divorced or are means tested (for long-term care provision, for example). A trust can also help benefit your family or beneficiaries after your death, by helping to avoid complicated probate issues. Another important benefit is that you can reduce or even eliminate UK inheritance tax when transferring your wealth. Assets which are not held in trust and are above the nil-rate band (the threshold above which inheritance tax applies, currently 325,000*) could be liable to 40% inheritance tax. We offer a range of trust solutions that could be suitable for you if you are investing in a Select Bond. You can also complement this with a professional trustee service from our sister company, Old Mutual International Trust Company Limited (OMITC). If you want to find out more about our trust solutions, we have a range of literature available which explains them in more detail. Your financial adviser will be able to give you copies and advise you whether a trust would have advantages for you. * the nil-rate band is frozen at 325,000 until NOMINATIONS A nomination used with a Select Bond enables you to state who you wish to pass either the policy to, or who to nominate to receive the death benefit, when the life assured dies (applicable if the policy is a life assurance policy, not a redemption policy). A nomination is a legally recognised method of ensuring assets get passed on to the beneficiaries without the need for probate. Whilst a nomination might have some of the benefits of a trust, it is not technically deemed a trust, and the policy remains within the policyholder s estate for inheritance tax purposes and continues to be owned by the policyholder, for their benefit, until they die. Placing your Select Bond into trust The life assurance version of the Select Bond (see page 16) can be particularly effective when used in conjunction with a trust for inheritance tax planning. Speak to your financial adviser about which is the best option for you. 15

16 FLEXIBILITY FROM YOUR SELECT BOND A CHOICE OF WAYS TO SET UP YOUR BOND TO SUIT YOUR NEEDS The Select Bond can be set up on a life assurance or capital redemption* basis. Your financial adviser will recommend which version is right for you, depending on how your financial affairs are structured for tax purposes. *Only available in the Isle of Man. Type of bond: Life assurance A life assurance bond is a contract of insurance based on a single life, or multiple lives assured. If your Select Bond is set up on a life assurance basis, it will end when the last life assured dies (there can be more than one life assured on the policy). Old Mutual International then pays a death benefit of 101% of the surrender value of the bond to any surviving policyholders. Or, if there are none, to the policyholder s personal representatives. This type of policy is sometimes referred to as whole of life. Capital redemption Capital redemption bonds have no life assurance cover; they have a maturity value instead. A capital redemption bond will continue until the maturity date of 99 years from the contract date, unless it is totally surrendered before then. If a policy is still in force at 99 years, we will pay the greater of: a guaranteed maturity value of twice the initial lump sum premium paid, less a percentage which is calculated based on the amount of withdrawals taken from the bond in relation to the bond value, or the surrender value on the maturity date. Available through: International Select Bond - Life Old Mutual International Isle of Man Limited European Select Bond - Life Old Mutual International Ireland dac International Select Bond - Redemption Old Mutual International Isle of Man Limited 16

17 FLEXIBILITY FROM YOUR SELECT BOND A SECURE OFFSHORE HOME FOR YOUR INVESTMENT The Isle of Man and Ireland are both established international finance centres with stable and independent legal, political and regulatory frameworks. So whichever Select Bond you use, your investment is held in a secure offshore environment. Old Mutual International Isle of Man Limited Old Mutual International Isle of Man investors will benefit from the Isle of Man s policyholder protection scheme, which covers policies issued by an authorised life assurance company based on the island. So in the unlikely event that Old Mutual International Isle of Man becomes insolvent, you will be able to claim compensation of up to 90% of the policy value, less any contractual charges. Solutions available: International Select Bond - Life international Select Bond - Redemption Old Mutual International Ireland DAC Old Mutual International Ireland investors will benefit from the UK Financial Services Compensation Scheme ( FSCS ), but only if you are habitually resident in the UK at the time you take out your European Select Bond with Old Mutual International Ireland. So in the unlikely event of Old Mutual International Ireland becomes insolvent, UK- resident investors may be able to claim compensation of up to 100% of the policy value, less any contractual charges. Solutions available: European Select Bond - Life 17

18 ABOUT OLD MUTUAL INTERNATIONAL Old Mutual International is part of Quilter plc, a leading wealth management business in the UK and internationally. Their offering includes platform-based investments and protection, asset management solutions and discretionary management, as well as financial advice services in the UK and Singapore. Old Mutual International is part of Quilter, a leader in wealth management in the UK and selected offshore markets, providing advice-led investment solutions and investment platforms. Quilter plc oversees billion in customer investments (as at 31 March 2018). quilter.com Our vision is to be our customers most trusted partner, and we are passionate about helping people achieve their lifetime financial goals. is the collective name for the companies that provide offshore and cross-border investment solutions within Quilter plc. oldmutualinternational.com Old Mutual International Ireland DAC was formed in 2003 to provide cross-border solutions for European investors, so you can be confident that you are investing with a company that understands your needs. Quilter Investors offers a range of high-quality, innovative solutions help protect and grow our customers prosperity and provide confidence to help them invest in their future. quilterinvestors.com OLD MUTUAL INTERNATIONAL ISLE OF MAN LIMITED has operated since It manages more than 130,000 policies in tax-efficient investment and savings products, and is a major force in the offshore marketplace. 18

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20 Calls may be monitored and recorded for training purposes and to avoid misunderstandings. Old Mutual International Isle of Man Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: King Edward Bay House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0) Fax: +44 (0) Licensed by the Isle of Man Financial Services Authority. Old Mutual International Isle of Man Limited is a member of the Association of International Life Offices. Old Mutual International is registered in the Isle of Man as a business name of Old Mutual International Isle of Man Limited. Old Mutual International Ireland dac is regulated by the Central Bank of Ireland. Registered No Administration Centre for correspondence: King Edward Bay House, King Edward Road, Onchan, Isle of Man, IM99 1NU Tel: +353(0) Fax: +353(0) Registered and Head Office address: Hambleden House, Lower Pembroke Street, Dublin 2, Ireland. VAT number for Old Mutual International Ireland dac is S. Old Mutual International is registered in Ireland as a business name of Old Mutual International Ireland dac. SK12312/INT /July 2018