A new investment account has been launched by AXA Isle of Man, a provider of offshore investment solutions.

Complementing its offshore proposition, the Regular Investment Account is new investment bond benefiting those looking to invest in the medium and long-term.

Speaking about the new account, Christine Hall, the offshore proposition manager at AXA Isle of Man, comments: Customers were very clear that they wanted a product which was flexible enough to fit around today’s changing lifestyles. We have therefore allowed premiums to be easily stopped and started again without penalising the customer.

Managing director of AXA Isle of Man Kevin Dean agrees that the initiative will help investors by providing them with additional flexibility in today's market.

The single premium offshore market has developed rapidly, leaving behind a seemingly underdeveloped regular premium market.

AXA Isle of Man is a company within AXA UK and has 23,800 customers, managing over £4.6 billion of their money. Briton's could find their overseas investments perform well in the current economic climate, with the pound so strong it accounts for about two US dollars.