Offshore life products used to be treated with some skepticism by onshore advisers. That time is now well past and offshore bonds have entered the armoury of mainstream investors, says Rob Griffin
Turn the clock back 20 years and the offshore life industry was a vastly different animal from the one that is in operation today. Back then the idea of spiriting money out of the UK was viewed as borderline criminal; financial advisers were even wary about suggesting it. But times have changed, insists Jon Baker, senior marketing executive at Clerical Medical International. The past two decades has witnessed a major transition. "Offshore used to be seen as elitist, shady and just for the wealthiest people who had their own stockbrokers," he recalls. "Nowadays the market is a lot more ac...
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