Only 1% of advisers back insurance bonds every time

This is despite a third of advisers admitting that until now they were largely using only insurance bonds for all their clients. However, the research found almost half of advisers intend to review clients with insurance bonds with a view to switching them to mutual funds. A further 26% of advisers remain uncertain at this stage whether to review, whereas a third said they would not review. Paul Kennedy, head of trusts and tax planning solutions at Fidelity FundsNetwork, says advisers are already considering the benefits of mutual funds as an alternative to insurance bonds. “It ...