OMI launches flexible access Select Lifestyle Bond

OMI, part of Old Mutual Wealth, said the solution offered clients and advisers a "simple, flexible and cost-effective" trust-based solution, designed to help achieve a balance between access to capital, inheritance tax (IHT) planning and control over the future distribution of assets. Trusts offering flexibility have become increasingly important, said OMI, as people live longer but have less certainty over how much money they will require to support them in later life.   It added this can create a dilemma between having access to the assets placed in trust and still being able effici...