HSBC Life (UK) has extended the availability of its onshore investment bond to UK companies
UK companies now have the opportunity to invest in the HSBC Onshore Investment Bond which was previously only accessible to individuals and trusts. This development, it said, is in response to an increasing number of enquiries from advisers as UK companies look to improve investment returns on their surplus cash, as well as aid their tax planning.
The Bond offers an open architecture approach with over 3,800 investment funds.
An onshore investment bond can provide an alternative to businesses that might hold significant levels of cash in bank accounts, as well as offer the potential to generate better returns.
“Companies can face similar challenges to individuals in relation to the excess capital that they have available. The potential to improve investment returns and to optimise tax planning through investment in an Onshore Bond is something we expect will generate significant interest amongst advisers’ corporate clients,” said Mark Lambert, head of Onshore Bond Distribution, HSBC Life (UK).
“Advisers have made it clear to us that there is an increasing demand from clients for onshore investment bonds, and we have significant growth ambitions in the onshore investment bond market. Our priority is to offer advisers and their clients – including companies – investment choice, transparency and value supported by the highest levels of service.”
