Advisers are calling for onshore bond providers to ensure their products are compatible with centralised investment propositions, according to new research from Chesnara Life UK.
Research for its Onshore Bond Adviser Sentiment Survey found advisers identified compatibility with and access to CIPs as the key improvement they want from providers.
More than two fifths (41%) believe better CIP access would improve onshore investment bond sales. This ranked ahead of providers offering a wider range of trusts to use with onshore investment bonds (35%).
Chesnara Life UK said advisers also want providers to offer ESG and sustainable investment options within an onshore investment bond. More than three quarters (78%) said ESG was crucial or very important, compared to just 2% who say ESG has no impact in their decision making.
Mark Lambert, head of onshore bond distribution at Chesnara Life UK said: “With growing adviser realisation of the tax effectiveness and great flexibility of onshore investment bonds and their associated trusts, there is a greater focus within the advice community around what provider support is needed to help them tailor their recommendations to their clients in the most efficient manner.”
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