Offshore products have benefited from major inflows in the first half of 2006, according to the ABI....
Offshore products have benefited from major inflows in the first half of 2006, according to the ABI. The increasing demand for diversification plus the tax benefits of portfolio bonds has led to the strong growth. Figures for single premium offshore business showed total new premiums in 2005 were £5.1bn, while premiums for the first half of 2006 had already reached £3.4bn, said the ABI. The majority of this was invested in investment and pooled personal bonds. In the view of Steven Whalley, head of marketing for investment products at Aegon Scottish Equitable, the figures show a shift in ...
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