International bond achieves key investment landmark

Standard Life International's International Bond has achieved a key investment landmark, which will be of significance to investors interested in conducting offshore banking business.

Just five years after its launch, Standard Life's International Bond has achieved £2 billion funds under management, which, according to the company, is reflective of the increased interest in the tax efficiencies of offshore bonds.

Ian Searle, business development manager at Standard Life International, said that this interest was likely to increase because of the recent reduction in pension contribution limits.

He said: "The UK retirement market is huge and with senior employees, partners and directors likely to be restricted by this latest legislation, other types of investment will need to be considered."

He went on to explain that offshore bonds could be used to amass additional retirement funds. The obvious benefit was that it offered a tax efficient "decumulation" in retirement.

The International Bond, which was launched in 2006, offers a wide range of investment options including mutual funds, a selection of deposit accounts and a panel of discretionary managers.

If you would like to discuss how we can assist you further please contact us on Tel: +44 (0)20 32077400 or email.
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