OMI launches flexible access Select Lifestyle Bond

Builds in IHT efficiency

Victoria McKeever
clock • 1 min read

Old Mutual International (OMI) has launched a UK Select Lifestyle Bond, combining its Lifestyle Trust and Select Bond offerings with the aim of providing flexible access to capital and IHT planning opportunities.

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...

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