New business sales of offshore bonds into the UK market last year ended up a fifth below 2011’s levels, which in turn were down more than 7% from the previous year, as investors shunned equities and similar investment products.
A strategy change for Royal London RL360° at the start of 2012 has paid dividends, according to the latest results, with the company boasting a 52% increase in sales of its regular savings business over the year.
Royal London Asset Management (RLAM) is launching two new Ucits-compliant global high yield fixed income funds.
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.
