Clerical Medical is to publish a corporate investment pack in an effort to help intermediaries ident...
Clerical Medical is to publish a corporate investment pack in an effort to help intermediaries identify clients with large cash reserves that could make larger returns.
The document encourages companies with monies in excess of their immediate needs, such as wages, funds for fuel and equipment - which is normally kept in low interest earning deposit accounts - be used in other investments.
Information includes uses for cash reserves and what needs to be taken into consideration when looking at investment alternatives, as well as a flowchart guide and fact sheets on inheritance tax and capital gains tax.
Senior IFA marketing executive Jeremy Laycock said considering the current low interest rates, companies should look at their options for investing excess cash reserves.
"Offshore investment bonds offer the corporate market the potential to combine flexibility and tax efficiency with the prospects of enhanced returns.
"With this pack IFAs can add real value to the service they provide by helping their corporate clients review their cash reserves and identify solutions to ensure excess reserves are invested appropriately to work harder."
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected