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Axa in bid to link up IFAs with accountants

Axa Isle of Man is running a campaign to encourage UK accountants and solicitors to link up with IFAs to provide inheritance tax planning advice.

The offshore arm of Axa is writing to more than 30,000 accountants and solicitors to encourage them to review their clients&#39 IHT arrangements. Those wanting to be put in touch with an IFA will be ref-erred to IFA Promotion.

Axa Isle of Man says that, with rising house prices, it is easy for individuals to have assets worth considerably more than the IHT threshold and says IFAs, accountants and solicitors need to get their clients switched on to the issue of IHT.

Axa Isle of Man offers an estate planning bond written in trust which can be used to reduce potential IHT liabilities as well as providing an income.

Offshore marketing manager Christine Hall says: “Acc-ountants and solicitors are often best placed to identify clients&#39 IHT liabilities so it is important to ensure they are well informed about the steps needed to minimise the tax bill. Often, they are not authorised to give investment advice so we are encouraging them to link with IFAs through the service offered by IFA Promotion.”


Scottish Widows takes middle ground

Scottish Widows has introduced the strategic income Isa, which invests in investment grade UK corporate bonds and non-investment grade European bonds.The Isa follows the middle path between the two existing Scottish Widows income Isas, the higher-risk high income bond Isa and lower-risk corporate bond Isa. The target income yield of the new product is 7.14 […]

Aegon aims to be top 10 player in IFA market

Aegon Asset Management is revamping its retail fund business and product range in a bid to become a top 10 player in the IFA market in the next few years.The Dutch giant&#39s retail fund business will this week be split into five groups, including disc-retionary sales, advisory sales, IFA sales, contact management and product strategy.They […]

Independent view – Tony Byrne

Have you heard the one about the IFA who advised a deferred member of the Iceland final-salary pension scheme to transfer his benefits into a withprofits personal pension with Norwich Union 10 years ago, saw the case reviewed under the pension review and had to pay thousands of pounds in “compensation”?Now that Iceland has closed […]

Boyd on FSA board for further three years

Chancellor Gordon Brown has reappointed Stewart Boyd QC to the board of the FSA for a further three years. The board is mostly made up of non-executive directors and it decides issues such as the remuneration of FSA chairman Howard Davies and the other executive directors. Brown says: “He has played an important role as […]


Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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