Rise of offshore market can benefit all

Sales of single premium offshore bonds in the UK continue to rise rapidly with figures last year reaching £7.1bn, according to ABI data. As the offshore market continues to expand and develop, more provider companies are entering the market and most UK life offices now have an offshore arm. New entrants typically look to establish themselves with the launch of a single premium portfolio bond. As a result the choice of products is extremely wide, especially as each provider introduces new ideas and features, many adapted from the onshore arena. An additional benefit is that as more compani...