HELPLINE: 
A hybrid assurance vie for internationally mobile investors.
What it is. The UK Personal Portfolio Bond (PPB) is a single-premium policy designed for high-net-worth clients who live, or plan to live, across borders. Issued from Luxembourg, but governed by English law, it combines investment flexibility with the estate and tax-planning benefits of an assurance vie.
The details. Two leading providers offer this structure:
- Lombard International focuses on fully bespoke, globally portable solutions with a wide investment universe and institutional-level “triangle of security” protection. Minimum entry is typically £125,000, with flexible top-ups and discretionary mandates for tailored portfolio management.
- OneLife offers a more streamlined, EU-focused version – the Wealth Luxembourg Life Insurance Contract – with a lower entry point of €100,000 and managed fund options suited to clients moving within Europe.
Conclusion. Both versions allow tax-deferred growth and cross-border adaptability. For UK residents planning to relocate to France or elsewhere in Europe, the PPB can automatically convert into a local assurance vie, starting the fiscal clock early for long-term tax efficiency.