Shepherds initiative on with-profits

Professional Adviser
clock

Traded endowment provider Shepherds Group has launched a service allowing investors to take income f...

Traded endowment provider Shepherds Group has launched a service allowing investors to take income from underperforming with-profit bonds without eroding capital. Under the converter option, investors use their bond as collateral for investment in a personal traded endowment policy (Tep) portfolio run by Shepherds, from which they can draw tax-free income. Shepherds has negotiated a deal with the Bank of Scotland to lend against the bond. The Bank of Scotland will lend up 65% of the bond's surrender value for investment in the Tep portfolio, with a minimum investment of £50,000 provid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •