The Cascade Portfolio will be provided by Mosaic Caribe, a US supplier of life settlement products.
Investors in the product will receive a targeted annualised rate of return between 10% and 12%.
Many Self-Invested Pension Plan (SIPP) providers have approved the Cascade Portfolio for inclusion within their SIPPs. This will allow Investors to switch under-performing funds within their SIPP to the Cascade Portfolio.
Investors will also enjoy the benefit of extra income from life settlement investments as no capital gains tax or income tax will be charged if the Cascade Portfolio is purchased through the investor’s SIPP.
Tony Salentino, CEO of Complete, said life settlements are a secure and high-performance investment at a time when savings rates are exceptionally low.
He added: “Advisers are increasingly looking for new ways to offer a holistic service and added benefits to their clients. So, we are delighted that Complete is one of the first UK mortgage and financial planning distributors to offer access to this product. We are confident that brokers will be able to increase their business volumes and income levels through Cascade Portfolio referrals via CFPS.”
Life settlements consist of the purchase of life insurance policies from US senior citizens with a short life expectancy.
