Head of proposition at AXA Wealth International Simon Willoughby gives his view on why the offshore market is changing but there are bright spots on the horizon.
"Last year was an interesting year for the financial services industry, with the implementation of Retail Distributions Review (RDR) having a huge and varied impact. We saw some adviser businesses effectively taking their sales people off the road in the second half of the year while they prepared for the changes. The new regulatory regime impacted providers as well, with business model and adviser charging announcements throughout the year. The landscape for the offshore market has also seen plenty of change. The 2012 offshore bond sales show that despite the specialist nature ...
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