Advisers urged to review use of trusts

Only 5% of offshore advisers surveyed globally use trusts for the majority of their clients, with nearly three quarters of advisers using trusts for just 10% of their client base, the firm says. The figures show little change from 2008 when advisers reported similar trust usage but Skandia International believes trusts of one form or another could be appropriate for a much larger proportion of offshore investment business. Volatile markets may have forced some advisers to focus on investment performance and on reassuring nervous clients. However, advisers should consider how an invest...