The financial strength of an investment bond provider is even more important for advisers than the underlying fund selection, according to a major new report by Capita Financial Software.
The study analysed a total of 10,214 pieces of research conducted by IFAs into onshore investment bonds through Synaptic's Insight tool in 2008. It showed the full extent of the impact of the global financial crisis on IFAs including concern about another major financial player going under. The survey found 71% of 4,688 pieces of unit-linked investment bond research were targeted at the financial strength of the provider with the Insight tool offering provider ratings from S&P, Moody's and AKG. Just over 90% of requests also wanted information on the type of contract available but this ...
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