Life offices should look to offshore sub-markets

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the number of british people retiring abroad is growing rapidly and these clients will require greater investment choice and flexibility

Looking at the breakdown of the AILO new business numbers for unit-linked business, the offshore investment market is one which is growing in absolute terms. The market is now worth £4.9bn, which has been fuelled by a drop in with-profits sales from some providers and the return of an appetite for risk for many investors. There are a number of sub-markets within the offshore industry that life offices must consider. The market for most product providers is a fragmented one, with many looking to satisfy the investment needs of investors in the UK, as well as other markets. Even within...

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