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Advisers anticipate a strong market for offshore investments |
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Results from the ‘Offshore Research’ Report undertaken
among Legal & General’s UK adviser base show that investment
advisers remain confident that offshore business will hold up despite
the threat of a global economic downturn.
Indeed more than three quarters of those advisers questioned (78%)
think that the volume of international business they transact will stay
the same or increase in the near future.
The survey backs up a recent market report from Defaqto
which points to exponential growth in demand for international
investment products. In its latest review of the offshore Bond market
for UK investors, Defaqto said the market grew by almost 50% to £7.4bn
in 2006, following a 60% rise in 2005. It cited continued outward
migration, international portability and tax advantages as contributing
to sales growth within the sector.
Legal & General’s ‘Offshore Research’ Report claimed that almost 9
out of 10 (88%) advisers are drawn to international investments because
of the powerful tax planning benefits they provide. But it also
indicates that almost half (47%) of advisers see a growing
understanding of international investment products as driving market
demand.
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