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MM targeting offshore arena

Money Marketing is launching a monthly supplement covering the offshore savings and investment market.

International Money Marketing starts next month and will be published monthly alongside MM.

As well as investment, it will also look at offshore banking and how offshore investments can be used to offset tax liabilities.

Several UK life firms are reporting record growth in their offshore businesses as advisers’ awareness of the possibilities afforded by offshore investment continues to grow.

Axa Life more than doubled its offshore sales in the first half of this year and Aegon increased its sales by more than 53 per cent.

International Money Marketing will provide the latest news from the offshore investment market, including product launches and new product reviews as well as updates on the major issues affecting offshore banking.

It will also include expert commentary from offshore tax consultants and offshore advisers and will feature a regular column from Skandia head of tax and financial planning Colin Jelley.

The association of International Life Offices will also provide monthly analysis, with chairman Alan Morgan-Moodie kicking off the first edition.

The first issue of International Money Marketing will be published alongside the September 6 edition of Money Marketing.

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