Nordnet launches endowment wrapper in Finland
Nordnet now enters the Finnish insurance savings market. Starting today, Finnish savers can open an endowment insurance account (SIP) with Nordnet and gain access to a flexible product with a broad investment universe.The Finnish SIP (Savings and Investment Policy) account is similar to the Swedish product “Kapitalförsäkring” in that 101 percent is paid out if the account holder passes away. However, there is no ongoing capital gains tax, as tax is paid only when the account holder withdraws money from the account. That way returns and dividends can be reinvested tax-free. The SIP-account