Defaqto has added a number of new ratings to help advisers and consumers looking at tax-advantaged investments. The market intelligence group said it has added Star and Diamond ratings for AIM and Unlisted Business Relief services.
Both investments qualify for Business Relief, which means that the entire investment can fall outside of the investor’s estate for inheritance tax purposes. According to Defaqto, they are widely recommended for clients who are in the later stage of their life, concerned about inheritance tax but reluctant to cede control of their assets.
A product’s Star rating is a measure of the quality of features whilst a Diamond rating is an indication of product performance.
The new ratings follow Defaqto’s acquisition of tax-advantaged investments specialist MICAP in July and the introduction of Star and Diamond ratings for Enterprise Investment Scheme funds and Venture Capital Trusts in November.
John Milliken, CEO of Defaqto, said: “This launch confirms our ongoing commitment to supporting advisers and consumers looking at the tax-advantaged investment market. By combining Defaqto’s technology and understanding of financial planners’ needs with MICAP’s specialist data, we will help advisers when they discuss tax-advantaged investment options with their clients, and also when they evidence their recommendations.
“Defaqto’s Star and Diamond ratings for EIS and VCT have been well received since we introduced them in November and we’re looking forward to sharing the new Defaqto star ratings for AIM BR and Unlisted BR services.”
