skandia intl sees 316 rise in offshore bond sales
Net sales of offshore bonds at Skandia International increased by a whopping 316% in the first half of this year.
Net sales of offshore bonds at Skandia International increased by a whopping 316% in the first half of this year.
New business sales of UK-distributed offshore bonds continued to fall in the third quarter of 2012, as investors stayed away, and advisers concentrated on readying themselves for RDR.
Total new business sales of UK distributed offshore bonds last year came in more than 7% below 2010 levels, after what industry experts said was a difficult 12 months for those in the business of marketing these popular and tax-efficient long-term investment products.
Sales of UK-distributed offshore bonds enjoyed a jump of 38% last year, as the market rebounded.
Single premium offshore bond business into the UK collapsed in the second quarter of the year, falling 56% compared the same period in 2008, according to figures released by the Association of British