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A temporary rise in Spanish income tax means non-compliant bonds, which are subject to withhold tax every year, will be affected by the increase over the next two years.
Offshore financial adviser confidence has dropped by 14% in Q4 2011, reports research by Skandia International. However, according to Skandia International’s Adviser Confidence Barometer report, advisers based in Asia reflect a much more positive mood.
Royal Skandia and Guernsey-based Concept Group have launched a 'lite' version of co-branded QROPS aimed at clients with smaller pension pots.
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Royal Skandia Trust Company, a division of Isle of Man-based Skandia International, has extended its range of inheritance tax solutions with the launch of its Enhanced Loan Trust.
Skandia International has appointed Victor France as its sales director. France’s chief area of responsibility will be overseeing the company’s entire sales operation including the Middle East, South America, Hong Kong, Singapore, South Africa, Europe and the UK
Offshore advisers feel more confidence in the shape of their local economies than in the global economy.
Skandia International has announced net sales of £0.3 billion for the first six months of 2011.
Having been told by international advisers that almost half of all trust cases written are used to mitigate IHT, Skandia has responded with the launch of its Limited Liability Loan Trust for personal trustees.
Skandia International has added two new Dublin-based emerging market funds to its offshore ranges.
Rachael Griffin, head of product law and financial planning at Skandia International, explains what you need to know to advise on QROPS.
Skandia International has extended the investment choices available for its Spanish Collective Investment Bond (CIB) by launching 36 new funds and providing access to five investment groups previously not available.
Skandia International urges IFAs to consider the financial security of offshore firms they deal with.
Skandia International and Fairbairn Private Bank are two of this year’s major winners in the International Fund & Product Awards 2011.
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