View more on these topics

Aegon launches bare discounted gift trust

Aegon Scottish Equitable has extended its trust range with the launch of the bare discounted gift trust.

The trust enables an investor to make a gift that will be exempt from inheritance tax after seven years, while keeping access to the trust via predetermined regular withdrawals from the underlying bond.

The new addition brings Aegon’s range of trusts to six in total. Others in the range include the bare gift, discretionary gift, bare loan, discretionary loan and the discretionary discounted gift trust. All are available within the companies’ bond products, including onshore bond and the guaranteed investment control product as well as Aegon’s international wealth management portfolio.

Aegon has also produced a ‘trusts decision tree’ to help advisers and customers in the planning process.

The decision tree asks the customer a number of different questions covering control, flexibility, access to capital required in the future and access to investment growth.

Aegon is also developing an online version for advisers.

Aegon Scottish Equitable technical manager Margaret Jago says: “This new trust allows for greater flexibility and control for the customer to decide who benefits from their assets and when.

“With Aegon Scottish Equitable’s ‘trust decision tree’ both the adviser and their customers can carefully select the benefits they would like to receive from a trust plan and clearly make the correct decision which is in their best interests”


Recommended

Political fly in the ointment

The US Congress faces a long weekend as believers in the $700bn Paulson bailout fight it out against those trying to block the plans.

Class action

Over the last few years, the prices of most asset classes have risen strongly and a major factor behind this has been the availability of cheap money. This continued to be the case until about a year ago. Almost all assets rose whereas their performance would normally have diverged to a greater extent. This process was driven by strong flows of liquidity into markets.

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment