Onshore bonds are back – but who is leading the call for their return?

'Innovation, as ever in financial services, starts by looking in the rear-view mirror'

clock • 5 min read

Onshore bonds are being taken off the back shelf, dusted down and put front and centre in financial services' shop windows. But who is behind the resurgence of this long-neglected product and could it really be the new/old tool of the day to help advisers keep clients' tax bills down? Laura Miller looks at the issues

This month Standard Life re-entered the onshore investment bond market with the relaunch of its Tailored Investment Bond. It offers a broad investment choice, including new external multi‑asset funds, and flexible access to withdrawals. But its key selling point, according to the press announcement, is that it can "meet the evolving tax planning needs of advisers and clients". There has, said Standard Life head of retail Intermediary and private client distribution Warren Bright, "been a resurgence in interest in onshore bonds and the underlying tax efficiencies they provide". Interna...

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