The portfolio bond is available to individuals aged between 18 and 74, companies and trustees resident in Hong Kong, on either a single life or joint life last death basis. It is available in Hong Kong dollars, sterling, US dollars, euros and Japanese yen.

Choice is intended to be used for wealth preservation and estate planning purposes, and therefore allows investment in a range of offshore assets.

The investment can be structured with up to 100 sub-policies, and clients can also appoint an investment advisor to administer their Choice investments, as well as make one-off or regular withdrawals from their policy to access capital. Meanwhile, there are three different charging structures.

The firm signalled its intention to launch more products and expand in the Hong Kong market, with Natalie Dutton, head of marketing, saying: “This is the first product we have reintroduced to the Hong Kong market under the Royal London 360° brand due to constraints in securing approvals during a prolonged period of regulatory change. Hong Kong is an important territory for our business and we hope to follow this launch with further products in the not too distant future.”