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Utmost rolls out life product for HNWs in Finland

It is a ‘core growth market’ for the international insurer

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Utmost Wealth Solutions has launched Wealth Portfolio Finland – a unit-linked, single premium product for individuals resident and corporates registered in Finland.

Wealth Portfolio Finland offers investment options for both affluent and high net worth clients, including equities, bonds, funds and structured products.

Clients can choose to self-manage their plan portfolio and make all investment decisions themselves or nominate a discretionary fund manager to manage the plan portfolio on their behalf in line with their chosen investment strategy, or a mix of both management options.

Wealth Portfolio Finland also includes the choice of a life insurance variant or a capital redemption variant, secure online servicing and the flexibility to pay premiums in different ways in a range of currencies.

Paul Thompson, Utmost Group chief executive, said: “I am delighted to officially launch Wealth Portfolio Finland. Finland is a core growth market for Utmost and the development of this new product demonstrates our commitment to the Finnish market.

“During the product development stage, we consulted with distribution partners and their feedback was key to shaping our overall proposition. The launch of Wealth Portfolio Finland meets the increased demand from distributors for straightforward wealth planning solutions.”

This comes several weeks after International Adviser interviewed Utmost and the firm said it was looking at Sweden and Finland as growth areas.

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