This is a potential red flag if the company were to suffer any financial set-backs, although, Investors Trust Assurance SPC informs us (in relation to client asset segregation) that it has:
"specialised in investment-linked insurance products since 2002. As Investors Trust Assurance SPC is set up as a Segregated Portfolio Company, all client assets are isolated, or held in individual client level segregated portfolios, from the company’s assets. The policyholder assets are therefore 100% protected from any company liabilities."
Investors Trust Assurance SPC is an insurance company that specialises in investment-linked insurance products, rather than a focused investment platform company or trust company.
We believe these products have the potential to be a poor choice for expats, given the risk and impact of hidden costs.
Clients are encouraged to manage their investments within their insurance products through Investors Trust’s online platform. The platform has a limited range of funds, as you can see by clicking HERE.
It is also telling that the marketing documentation for the platform is a one pager you can see HERE. Features are really limited!
This platform includes unit-linked investment products, ranging from lump sum to regular savings plans of up to 25 years.
Within the platform there’s a selection of 15 well-known asset management firms, and a range of global assets or securities to choose from – but it’s somewhat lacking in passive options.
As an insurance product rather than an investment product, the platform is fixed term.
The platform’s basic ‘Evolution’ product is fixed for between 5 and 25 years, whilst other products like the ‘Platinum’ apply surrender charges for the first 5 years.
The combined asset management fee and administration charges range from between 1.5% (if you have £100,000 or more invested) to 3.4% (for the first ten years at least) for lower level investors.