UK offshore sales set to rise - Skandia

A survey of more than 500 advisers shows that 37% expect the proportion of offshore business they advise on to increase over the next 12 months while 61% say it will stay the same. Only 2% expect it to decrease. Almost 80% say offshore sales account for between 1% and 10% of their business while 15% say they account for between 11% and 20% of their overall sales. Skandia believes the figures will rise over the next year as offshore products become increasingly accepted into the mainstream. Figures from the Association of International Life Offices show the market for offshore bonds has...