International Bond options
Individuals who want to invest in cash assets through a structured product or cash account can do this through our International Bond.
International Bonds can be written on a Life Assurance or Capital Redemption basis – and the information included on this page is relevant to both options.
These options have a simple stepped product charge that ranges from 0.20% to 0.55% a year (depending on the size of the bond and investments made).
Standard Life International isn't responsible for the suitability, performance or solvency of the investment providers available through the International Bond.
International Bond deposit accounts
International Bond investors can choose from a number of deposit accounts offered by Standard Life International.
We constantly review the deposit accounts market to make sure the available accounts reflect current demand.
See the current rates for available deposit accounts in the table below (as of 04/12/2023).
And if a deposit account doesn't appear on our tool, you can contact your account manager for more information.
|Bank||Account Name||Account Code||Gross Interest Rate||Term||Minimum Deposit||Interest Paid Frequency|
|Arbuthnot Latham & Co., Limited||
||DF13||5.00%||12 Months||£50,000||At maturity|
|Barclays Wealth||DA88||5.04%||6 Months||£50,000||At maturity|
|Barclays Wealth||DA89||5.02%||12 Months||£50,000||At maturity|
International Bond structured deposits
Standard Life International can give you access to structured deposits that offer capital security at maturity of the deposit. Structured deposits also offer the opportunity to earn higher returns than a regular savings account.
We ensure each structured deposit holds up to our vigorous market standards. So we conduct regular checks to confirm they comply with our internal operational requirements, governing body rules, regulations and guidelines.
If you want to enable checks on a structured deposit, please get in touch with your account manager or submit the product guide to email@example.com. Remember not to include any personal information or plan details in your email.
If a structured deposit provider is unable to meet any claims against it, any funds from the bond held in a structured deposit with that provider will not be covered by the Financial Services Compensation Scheme (FSCS).
There are a range of options available to SIPP investors to help manage cash assets.
We are not responsible for the performance or solvency of the providers of the investments we allow access to via our SIPP.
SIPP external deposit accounts
Our SIPP can support investments through the following external deposit account providers (please note this list can change at any time):
- Cater Allen Private Bank
- Mansfield Building Society
- Metro Bank
- National Savings and Investment
- Scottish Widows
- Teachers Building Society
- United Trust Bank
We'll accept external deposit accounts from these providers as long as they meet the following requirements:
- The provider must have a UK presence
- Deposits must be held and reported in pounds sterling
- The provider must accept pension trustee money
- The term is breakable in the event of death
Before investing via an external deposit account provider, it's important that your clients understand the suitability, terms and conditions and restrictions on early withdrawals of the account.
SIPP structured products
Our SIPP will accept structured products offered by the following providers (please note this list can change at any time):
- Dura Capital
- Hilbert Investment Solutions
- Mariana Capital
- MB Structured Investments
- Meteor Asset Management Limited
- Morgan Stanley
- Tempo Structured Products
- Walker Crips
We'll accept structured products from these providers as long as they meet the following requirements:
- They must be FCA regulated
- They must trade in pounds sterling
- They must accept pension trustee money
- The term is breakable in the event of death
Please note that money invested in structured products carry a higher administration charge than those held in the SIPP bank account including a switching charge.
SIPP and International Bond Bank Account
Both the SIPP and International Bond have a bank account to enable investment in assets other than insured funds. Please note this is not a long-term investment option; it should only be used to hold cash for charges and regular income payments. The rate of interest will generally be 1% below the Bank of England base rate. So, if the base rate is 1% or less, we'll pay 0% unless we tell you otherwise. The current gross interest rate is 4.25% per annum. We reserve the right to change this rate in line with our normal terms.
Money invested is at risk. Tax may change in the future.