Onshore bonds are being taken off the back shelf, dusted down and put front and centre in financial services' shop windows. But who is behind the resurgence of this long-neglected product and could it really be the new/old tool of the day to help advisers keep clients' tax bills down? Laura Miller looks at the issues
This month Standard Life re-entered the onshore investment bond market with the relaunch of its Tailored Investment Bond. It offers a broad investment choice, including new external multi‑asset funds, and flexible access to withdrawals. But its key selling point, according to the press announcement, is that it can "meet the evolving tax planning needs of advisers and clients". There has, said Standard Life head of retail Intermediary and private client distribution Warren Bright, "been a resurgence in interest in onshore bonds and the underlying tax efficiencies they provide". Interna...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
