The latest figures from the ABI indicate that the market for offshore single premium bonds sold in the UK has increased from £4.8bn in 2005 to £7.1bn in 2007 - an increase of almost 50%. This is after a 63% increase in 2006 over 2005. This is a big and growing market - so are you getting your fair share?
Our own figures make us think only around 20% of IFAs who are involved in recommending offshore business. Given the increase, this means there is a small number how are producing significant amounts of business. Previous blogs have identified client trends that make offshore life contracts an ever more popular choice. They include: Clients included in a population growing older and wealthier (on average) looking for tax advantages and superb investment choice Clients with growing need for Inheritance tax Planning Corporate investments looking for tax advantages and returns better tha...
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