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Pru launches new DGT

Prudential has launched a new discounted gift trust following predictions that as many as 380,000 estates in the UK will be liable for inheritance tax in 2007/2008.

Pru says the trust allows consumers to put a lump sum into trust for beneficiaries while retaining the right to a regular income that’s free from any immediate liability to income tax.

The trust offers the choice of onshore and international bonds and has the potential to reduce a consumer’s estate for IHT purposes.

Prudential International head of UK development Richard Leeson says: “The need for fully independent inheritance tax advice has never been more important to allow people to make informed decisions. Following the 2006 Finance Act, inheritance tax planning is now more complex but that also means there’s more opportunity as clients will be increasingly in need of specialist advice to fit their own particular circumstances.

“To assist the advice process we are providing a range of complementary support materials, including advice flow charts, guides to the new taxation regime and online calculators to assist tax calculations for discretionary, gift, loan and discounted gift trusts. These tools will prove invaluable to advisers in saving time and helping clients to make a fully informed decision.”


Lehman Brothers appoints Hunt as mortgage marketing director

Lehman Brothers’ Mortgage Capital has announced the appointment of Paul Hunt as director of marketing, effective from September.Hunt will be responsible for the strategic marketing of all Lehman Brothers Mortgage Capital brands including London Mortgage Company, Preferred, Southern Pacific Mortgage Limited and Southern Pacific Personal Loans and will also have a role in the launch […]

Rod Milne and Colin Hayden-Cook

Two IFAs recently decided to merge their companies and the result has been a dramatic increase in overall business for the new combined enterprise. Interview by Gregor Watt.

Hedge hurdles could trip up advisers

IFG financial planning strategist Donna Bradshaw says advisers may be unable to get through the number of hurdles facing them on using hedge funds.She believes that despite the FSA consultation on hedge funds, issues over transparency, costs and in-house expertise mean the knowledge gap will be too great for some IFAs and their clients. Bradshaw […]


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