Offshore bond sales treble at Standard Life

Standard Life said its savings and investments had strong net inflows into offshore bonds and mutual funds, partly offset by changes in CGT rules and market-driven outflows from onshore bonds, where sales decreased by 1%. “Sales have been extremely good in a very difficult market,” said a Standard Life spokeswoman. Approximately £270m of offshore bonds have been sold in the past six months to date, compared with £284m sold in the whole of 2007. An estimated £593m of offshore bonds have been sold in total. “The company is definitely looking at enhancing its offshore propositions in the nex...