View more on these topics

Close offers reversion plan to help reduce IHT

Close Brothers Investment is offering a whole-of-life homereversion policy in conjunction with Isle of Man Assurance which can help reduce inheritance tax.

The property wealth manager product enters into a home-reversion transaction once the consumer is aged 65 or over. The proceeds are invested in the life insurance home-reversion fund which acquires the property.

The number of units allocated to the client in the fund correspond to the value of the property, which must be worth over £200,000. The value of the property is therefore converted into a liquid asset.

Once the last surviving partner dies, any uncashed units will mature and be realised and any units which have been gifted to heirs will be free from IHT if the donor survives for seven years after making the gift.

Key Retirement Solutions managing director Colin Taylor says: “This looks like a very good proposition for people who want to raise money and make their affairs as tax-efficient as possible but it would only suit a minority of people looking at equity release.”


Zurich IFA links with Technical Connection

Zurich IFA Group has made an alliance with Technical Connection, the technical support provider, giving IFAs access to the Know-How Partnership, an online service for advisers. The Know-How Partnership provides members of the Zurich IFA Group with a wide range of products. IFAs will have access to online technical research, news and analysis as well […]

Intelligence is accused of panic over free deal

Mortgage Intelligence is offering mortgage intermediaries free membership to its network, prompting claims that it is a panic move. The offer applies until October 31 and applies both to its Spirit solution for appointed representatives and Vantage for directly authorised intermediaries. Mortgage Intelligence believes that intermediaries are delaying making a decision about which network to […]

ScotProv aids IFAs with protection ads

Scottish Provident is starting an ad campaign telling advisers what to do in the run-up to regulation of the protection industry. The aim of the campaign is to provide support to advisers whose business will change after regulation starts in January 2005 and what they must do to be compliant. The first ad encourages intermediaries […]

AIFAs view

So, farewell then, FSA projection rates. An FSA discussion document will shortly canvass the idea of scrapping the projection regime. I have never understood why the regulator should oblige firms to offer figures which may well turn out to be spurious in the light of events to consumers who are unlikely to understand the economic […]

Image courtesy of Stuart Miles at

Pension freedom: wish you were here?

Out there lies a warm ocean of desert islands, sun, sand and palm trees, where individuals can choose how and when to tax-efficiently access their pension fund and realise the retirement dreams they have worked so hard for.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm