Ascentric Wrap offers IOMA IHT Solutions to IFAs
Monday, 11 August 2008
Specialist IHT plans for IFAs from Isle of Man Assurance (IOMA) are now available on Ascentric the whole of market Wrap platform. IOMA's IHT plans include some of the most flexible and innovative structures available to UK advisers and their clients from an offshore life company.
Michael Fordham, Business Development Director at Ascentric said:
"We are pleased to include IOMA amongst the growing list of partners who provide product solutions on the Ascentric Platform. While we already have partners who provide offshore bonds to our advisers, the relationship with IOMA takes this a step further by linking different bonds and different trusts to provide niche IHT products. This further increases the range of solutions available to advisers and their clients who use the Ascentric platform."
Mike Biggin, a Director at Admiral Asset Management, which was one of the first IFAs to start using Ascentric and has already used the IOMA proposition via the Ascentric platform, said:
"I came across IOMA and its flexible IHT products last year and was keen to use their plans. By IOMA product being available on Ascentric, it enables us to access their innovative solutions and couple them to cutting edge investment administration. The experience for us and the client has to date been first rate."
Antony Kelsey, Associate Director at IOMA commented:
"As a niche offshore product provider, our focus is on delivering value through product solutions rather than investments. Increasingly we are finding advisers are seeking more flexible IHT products when compared to traditional offerings. Products today need to allow a flexible or increasing income, the ability to advance monies to beneficiaries while the settlor is alive as well as simple exit routes at the end of the planning. Our products are designed with these client requirements in mind. The link-up with Ascentric allows the IFAs who use its platform to access the benefits that IOMA's range of flexible IHT products provide in a highly efficient manner. Working with Ascentric also fits neatly into our business model allowing them to deliver streamlined Wrap service for our high-end product solution and we are delighted to be working alongside them."
-ENDS-
For further information please contact:
Ascentric
Michael Fordham
Business Development Director
E-mail: michael.fordham@ascentric.co.uk
Tel: 0207 553 9170
Mobile: 07718538541
Notes to Editors:
About Ascentric
Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited.
Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK's first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Independent Financial Advisers (IFAs) with a Wrap service under the brand name of Ascentric.
Ascentric is a whole of market Wrap service, available exclusively to IFAs and offers a fully integrated online investment management and dealing platform. It also enables IFAs to transfer their clients' assets onto a single platform to provide them with the ability to manage their client's financial needs in just one place. This is obviously a considerable enhancement to the existing, time-consuming practice of IFAs introducing their clients to a number of different product providers.
In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group.
For further information about Ascentric and Fundsdirect, please visit either www.ascentric.co.uk or www.fundsdirect.co.uk
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Life International – offshore investment markets
- Scottish Provident International – offshore investment markets
- RLAM – fund management
- RLAS – life and pensions administration
- Fundsdirect / Ascentric – funds supermarket; Wrap Platform
Royal London is one of the stronger life and pension companies in the UK, and has a strong track record for with-profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.6 billion. Group businesses serve around three million customers and employ 2,630 people (figures quoted are as at 31 March 2008).