The future of the life industry: Eight predictions from RL360°
By International Adviser, 28 Jul 15
In the first of a series of insights from prominent life industry figures, David Kneeshaw, chief executive at RL360°, takes a look at future opportunities.
I’m reasonably optimistic about the trends affecting our industry in the UK. It’s increasingly apparent that the services offered by international life companies seem to be at the sensible end of tax planning and treated as such by HMRC. There is plenty of scope – given the pension changes and the greater focus on tax avoidance in the UK – and given a fair wind the offshore bond market stands to benefit.
Internationally, we are seeing increased focus on governance and transparency affecting advisers and life companies alike. I see that as great news for those advisers and life companies that are committed to being professional and which are committed to the markets in which they serve.
A more robust, well governed industry will be able to stake a more credible claim to be in the markets in which they serve and we at RL360° will be one of those firms.
Tags: HMRC
