Support services provider threesixty says it has opened up a profitable avenue for new business for advisers, following a tie-up with Margetts Fund Management that will allow corporate clients to invest in its unit trusts.
The deal has come into play following changes to the taxation of company-owned life policies that came out of the 2007 Pre-Budget Report. The introduction of loan relationships rules to all investment-based life assurance policies has meant that companies are no longer able to use bonds to shelter growth, but this has opened up the opportunity of using investment funds instead. Threesixty has amended the application form for Margett's risk-rated multi-manager range - International, Providence, Venture and Select strategy portfolios - for corporate investors and claims to be the first to ...
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