UK - Multi-manager specialist Skandia has launched a section 32 buyout bond product for IFAs.
The Skandia Buyout Bond allows advisers to target business from executive pension plans and small self-administered schemes as well as group schemes and transfers from existing section 32 arrangements. It is available to trustees from April 26.
Skandia said: “Key areas will be safeguarding the accumulated tax-free cash and reviewing the need to retain trustee duties and responsibilities.”
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