Tax avoidance, or ‘abuse’ as the Treasury would see it, has long been a problem for HMRC. From next April new legislation, known as GAAR, could be in place to clamp down on perceived abusers. How will it affect you and your clients?
Like it or not, the US Foreign Account Tax Compliance Act is happening and is just around the corner. Here Royal London 360°s technical marketing manager, Neil Chadwick, explains its impact.
Royal London 360° technical support consultant, Luanne Ahearne explains what has happened in the QROPS space and where it is at the moment.
Wrap platform Ascentric has teamed with fellow Royal London Group company Royal London 360° to launch the Ascentric Offshore Bond.
Royal London 360° has cemented plans to shift its focus away from the highly competitive and less profitable single premium market to the higher margin regular premium section of the offshore bond market.
Guidance notes published unintentionally by HM Revenue & Customs today, appear to clarify a number of points where there was some ambiguity or speculation.
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.
New business sales increased by 21% year-on-year at Royal London 360° in 2011, as other areas of the Royal London Group delivered mixed new business figures.
As the UK life insurance industry heads into the final weeks of 2011, it is clear that it is unlikely to end up being quite the bumper year for offshore bond sales to onshore clients that some had forecast.
Cross-border life company Royal London 360° has joined forces with UK wealth platform True Potential to provide an offshore bond for investors.
News that Skandia has closed the offshore bond on its platform to new business is being shrugged off by other platform and offshore bond providers.
Life companies are increasingly launching products tailored to the needs of consumers in specific countries.
