Advisers 'recognising value' of offshore investments

17 January 2008 / by None
A recent survey has shown that many advisers predict the amount of overseas business they conduct will remain constant or increase in the coming months.

The Offshore Research report by Legal & General has shown that almost 88 per cent of advisers believe international investments provide strong tax planning benefits.

A further 47 per cent think that an increased awareness of such investment products is a driving factor in market demand.

Commenting on the increasing relevance of offshore investment, chief executive officer of Legal & General International David Fagan, said: "Even in the current volatile economic climate, it's encouraging to see that advisers and their clients recognise the value of investing with cross border life companies, particularly those which are subsidiaries of well established financial groups."

He went on to point out how recent years have seen substantial growth in the market for offshore bonds largely due to potential tax benefits.

In related news, Legal & General recently announced that its relationship with Cofunds now makes the latter an important partner in their distribution strategy.

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