Andy Marks discusses whether advisers are missing out on a valuable business opportunity by not using offshore bonds
Despite the continuing momentum in sales of offshore bonds, as many as 27% of advisers avoid using them. A further 20% say they do not know enough about offshore bonds to recommend them, according to the Defaqto 'Calmer Water' Offshore Bonds Report 2008. However the advantages of offshore investing are clear - namely tax efficiency and estate planning flexibility. In fact in a recent survey by YouGov for The Hartford, 15% of consumers said that they would consider offshore bonds, rising to 34% if they had more control over their income and the ability to pass on wealth to dependents with ...
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