It’s important that you and your clients know we’re doing a good job. But you needn’t just take our word for it. We’re proud to have achieved the following awards and ratings in recognition of the work we do.
INTERNATIONAL ADVISER LIFE AWARDS 2017
BEST TRUST/ESTATE PLANNING PRODUCT (UK) – ESTATE PLANNING BOND
INTERNATIONAL ADVISER LIFE AWARDS 2016
- BEST SINGLE PREMIUM INVESTMENT BOND (UK) – EVOLUTION
- BEST SINGLE PREMIUM INVESTMENT BOND (UK) – DELEGATION
- BEST TRUST/ESTATE PLANNING PRODUCT (UK) – ESTATE PLANNING BOND
DEFAQTO FIVE-STAR RATINGS
- EVOLUTION 2006 – 2018
- ESTATE PLANNING BOND 2011 – 2018
- SELECTION 2013 – 2018
Knowing how they are protected is hugely important to your clients when they invest. The financial strength of the jurisdiction and policyholder protection arrangements are two of the most important considerations.
Utmost Limited (Isle of Man) and Utmost Ireland dac are both based in jurisdictions with good credit ratings. The Isle of Man has a Moody’s credit rating of ‘Aa2’ with a ‘stable’ outlook as at 29 September 2017. Ireland has a Moody’s credit rating of ‘A2’ with a ‘stable’ outlook as at 15 September 2017.
In addition, the following arrangements are in place:
Utmost Limited is covered by the Isle of Man Life Assurance (Compensation of Policyholders) Regulations 1991 – under these regulations there is a scheme designed to meet up to 90% of an insolvent company’s liability to its policyholders, where it cannot meet this itself. The scheme covers individual, trustee and corporate investors resident in any jurisdiction.
Unlike the Isle of Man, Ireland currently has no policyholder protection scheme for insurers. However, there is specific EU regulation covering the treatment of policyholder assets in the event of an insurer becoming insolvent. And any UK investors may be entitled to compensation under the FSCS. The scheme covers payments of 100% of the amount of any liabilities of Utmost Ireland under the contract. Eligibility is limited for some trusts and larger companies.