The UK tax office plans to overhaul rules governing the part surrender and part assignment of life insurance policies to redress the unfair tax bills which some individuals face if they withdraw money from an investment bond in the wrong way.
Scott Hood, regional technical manager for the Middle East and Africa at Friends Provident International, looks at key reasons why offshore bonds continue to add value as a tax wrapper.
Old Mutual International (OMI) has launched a new whole-of-life portfolio bond with special custodian features that have been tailored specifically for Swedish investors.
STM Group, a specialist financial services group, said a focus on building up its international pensions and life assurance products business helped it post a near 60% rise in net profit for the year to 31 December 2015.
As part of its 2016 bonus declaration, Prudential has announced that the sterling tranche of its International Prudence Bond (IPB), an offshore bond sold to UK expats, has grown 6.7% in year-on-year terms since it was launched 14 years ago.
The number of British adults living overseas temporarily is increasingly sharply with growth dominated by larger numbers of women and young people working abroad, according to a new survey.
DeVere Group chief executive Nigel Green has defended his company’s charging structure, called for more transparency on charges in the industry, and said that in the longer term fee-based income is more profitable.
Old Mutual International has launched a new international life assurance bond aimed at high net worth investors in the UK.
Industry consolidation, moves away from commission income and a greater focus on financial planning are all on the horizon for 2016, according to four top Dubai-based financial advisers.
The heads of four major IFA firms in Dubai share their insights on the changes the industry has seen in the year since the Insurance Authority announced new regulations.
Brooks Macdonald has announced a move into Portugal with a deal making its discretionary investment services available through Generali PanEurope’s Private Wealth Portfolio (PWP).
Sales of UK-distributed onshore bonds increased by nearly 20% in the first six months of 2015, according to the recent data from the Association of British Insurers (ABI).
