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Royal Skandia launches trust offer

By International Adviser, 7 Sep 11

Royal Skandia has removed its annual fee for the life of trusts taken out between 1 Sept and 31 Dec.

Royal Skandia has removed its annual fee for the life of trusts taken out between 1 Sept and 31 Dec.

The offer applies to new Royal Skandia applications with premiums of £200,000 or more, where one of its trusts is used.

According to a poll of 330 financial advisers by Skandia International, Royal Skandia’s parent company, most IFAs (56%) use trusts for inheritance tax (IHT) planning. More than two-fifths of those polled also use them for “asset protection purposes”. As International Adviser reported in July, the survey results prompted Royal Skandia to launch a limited liability loan trust. 

Skandia International comprises Royal Skandia, Skandia Life Ireland and Old Mutual International, all of which are cross-border product manufacturers. Isle of Man-based Royal Skandia offers tax-efficient investment products to expatriates and international investors.

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.