Aegon has expanded its offshore bond partnerships on the Aegon Retirement Choices platform.
The new partnership with Utmost Wealth Solutions Ireland comes in addition to the existing partnership with Canada Life International Isle of Man.
Aegon said the partnerships help address advisers’ needs by providing “robust tax efficient solutions” they can use with their clients. Using the general investment account on ARC as a means of investing within the offshore bond allows advisers to use their centralised investment proposition to invest their client’s money, the retirement specialist said.
According to Aegon, the recent changes to capital gains tax, coupled with frozen tax thresholds, have driven interest in offshore bonds. By broadening offshore bond access, Aegon said it hopes to empower advisers to navigate the new tax landscape, creating plans which align with their clients’ evolving needs.
Stephen Crosbie, head of retail at Aegon, said: “To meet the dynamic demands of robust tax planning in a shifting regulatory environment, we’ve reacted quickly and introduced a new offshore bond partnership with Utmost Wealth Solutions Ireland to add to our existing relationship with Canada Life International Isle of Man.
“These, together with upcoming enhancements such as the addition of more offshore bond partnerships, a Junior SIPP and Junior ISA, help us towards our ambition to offer advisers a holistic financial planning platform which is fit for the future.”
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