According to a new study by financial services company Legal and General, more advisers are recommending offshore bonds due to a growing awareness of the investments.
The research found that 30.1 per cent of investment advisers were already recommending offshore bonds, while 29.4 per cent said they expect to be doing so in the next 12 months.
Six out of ten advisers said that awareness of the investments was the cause of a rise in popularity.
David Fagan, chief executive officer for Legal and General, said: "We have seen a growing demand for offshore bonds being recommended for inheritance tax planning over the last year boosted by two key drivers."
These drivers are an older population with accrued wealth and healthy liquid assets and the debate on inheritance tax in the media alerting more people of the need for estate planning, according to the company.
Recent research by F and C Investments found that 60 per cent of investors would not be changing the amount of their contributions despite the recession .
Offshore bonds popular with investment advisers, says Legal and General
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Offshore bonds popular with investment advisers, says Legal and General
Tue, 21 Apr 2009
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