INVESTORS who are being advised to switch out of insurance bonds following the Budget tax changes could be worse off, once they take tax and charges into account, according to Anthony Coyte, head of Investment Steering Group at AWD Chase de Vere.
Coyte believes that investors may be being encouraged to churn their bond holdings, simply to deliver additional commissions to brokers. He said: "Investors being told to switch out of insurance bonds...
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October