Royal Skandia has added eight multi-currency funds to its offshore investment bond and has launched ...
Royal Skandia has added eight multi-currency funds to its offshore investment bond and has launched three trusts for advisers.
The funds from HSBC, Mellon, New Star and Barings include four Asian funds, two emerging markets, a European and a global investment grade bond.
It takes the number of multi-currency funds to 730 and they are available in sterling, dollar, euro and Hong Kong dollars.
Richard Vincent, head of strategic fund partnerships at Skandia, said: "The funds were launched in response to demand from advisers. They are expected to have particular appeal in Asia, which is seeking local products.
"On top of these a European portfolio was added specifically for investors in Europe. While the global investment grade bond was added because we have very few of these types of products in our portfolio and we wanted to expand our range."
Meanwhile, Royal Skandia has launched a bare and two discretionary trusts, following changes to the UK inheritance tax outlined in the Finance Act 2006. It is expected Skandia will add further trusts later in the year to meet market demands.
Colin Jelley, head of tax and financial planning at Skandia, said: "Our new trusts offer opportunities to advisers and their clients looking to use trusts as part of efficient financial planning.
"We continue to respond to changes in the marketplace and, by listening to advisers, we can ensure we are offering choice and the full range of options that advisers want to meet the individual needs of their clients."
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