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Bonds

Bonds remain firm fixture in portfolios moving into 2019

 

  • Nearly three quarters of advisers are considering or looking to write more bond business in the next year

  • The majority of financial advisers (55%) believe onshore bonds play an important role in the advice they give to clients

Nearly three quarters (73%) of financial advisers said they were either considering or planning to increase the amount of bonds they write for clients in the next year, with a quarter stating they would definitely increase the amount they write, according to new research from Canada Life.

The majority of financial advisers (55%) also believe onshore bonds play an important role in the advice they give to clients with three fifths (61%) say bonds are more useful than most advisers believe, a slight increase from 2017 (60%).

Richard Priestley, Executive Director of Canada Life UK, commented: “Despite the complex, rapidly evolving regulatory landscape, the popularity of bonds with advisers shows no signs of slowing. Bonds continue to remain a firm fixture in portfolios, with many advisers recognising the importance and usefulness they hold.

“It is unsurprising that more financial advisers are recognising the benefits of bonds, such as top slicing relief, compared to a year ago. With 2019 on the horizon, they may want to consider the additional benefits of bonds when creating a financial strategy for their clients.”

Financial advisers are increasingly recognising the benefits and value of bonds, compared to twelve months ago.

Over two thirds (67%) of financial advisers cite tax deferral options as an advantage of using bonds, up significantly from just under half (49%) last year. Meanwhile, over three in five advisers (62%) say top slicing relief is one of the main advantages of writing bonds, a substantial increase from 48% in 2017.

Of those planning to write more bonds in the next twelve months, two in five (40%) advisers plan to write a mixture of both onshore and international, while over two fifths (42%) intend to only write more onshore bonds.

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Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.