7IM and Sanlam team up to launch onshore bond

0.25% charge on £100,000 investment

Seven Investment Management (7IM) and Sanlam have partnered to launch the Sanlam Onshore Bond, in response to adviser demand.

The bond differs from what is available through the vast majority of other providers, the firms said, because it does not limit advisers to only using insured funds. They added it can invest in authorised and regulated collective investment schemes. The minimum investment is £5,000, with a minimum top value of at least £1,000. In addition to standard 7IM platform costs and underlying product charges, there is a 0.25% charge on the first £100,000 invested. For investments between £100,001 and £500,000 there is a 0.20% charge, then a 0.15% charge for funds between £500,001 and £1m, as w...