Figures from the firm show the combined sales of their investment bond products, the Versatile Investment Portfolio and Investment Portfolio, have increased by 17 per cent, which when the market is seeing a 30 per cent reduction it claims is a great shift.
It says its VIP sales alone have increased by 47 per cent this last quarter.
Head of sales and marketing Richard Ellis says: “Although the ABI figures showing a 30 per cent drop are not necessarily surprising, given the recent CGT changes introduced by Alistair Darling, we are delighted to see we’ve been able to buck this trend – and in no small way.
“Bonds are still suitable for many taxpayers and our figures support this continued interest. Looking at higher rate taxpayers, bonds are particularly suitable for those requiring an income-producing portfolio and for trust planning. Bonds also remain a good solution for basic rate taxpayers remaining basic rate or higher rate taxpayers becoming basic rate – or able to assign the policy to a lower rate taxpayer.