Access an almost unlimited range of investment funds. With thousands of funds available, the investments can be tailored to meet specific needs and goals. Our governance team is on-hand to check that the chosen investment choices meet our acceptance guidelines. We’ll generally accept authorised unit trusts, approved investment trusts, OEICs, REITs and non-UK authorised collective investment schemes. Hedge funds will be considered on an individual basis.

We offer a range of instant access and fixed-term deposit accounts from a wide selection of banks and building societies. See our <a href="/investments/cash-deposits/" title="Cash Deposits">latest cash deposit rates</a>.

We have agreements with a wide range of platforms to provide fund administration, custody and execution-only services. The investment assets can then be managed through each platform. For extra flexibility, multiple platforms can be used at the same time. See our <a href="/investments/platforms/" title="Platforms">list of platforms</a>.

Discretionary fund managers

A discretionary manager can be appointed to advise and make investment decisions. We have relationships with a wide range of discretionary managers, as well as many boutique and specialist firms. For extra flexibility, the investment can be spread across multiple discretionary managers. See our <a href="/investments/discretionary-fund-managers/" title="Discretionary Fund Managers">discretionary fund manager list</a>.

Segregated Portfolio Service

When you take out one of our Wealth Preservation accounts, you have the option to use our Segregated Portfolio Service. This service gives you access to our widest range of investment opportunities. Get direct access to equities and gilts, where you can benefit from the investment manager’s stock selection expertise. This service is only available through an investment manager that we have an agreement with. Explore our <a href="/investments/segregated-portfolio-service/" title="Segregated Portfolio Service">Segregated Portfolio Service. </a>

Wealth Preservation Account

Reduce inheritance tax and retain access to optional yearly payments

Our Wealth Preservation Account gives you the best of both worlds – a product that allows you to potentially reduce your inheritance tax liability, while allowing you full access to the trust assets through optional yearly payments. After seven years, your gift into trust moves out of your estate entirely and any investment growth is outside of your estate from day one.

Our Wealth Preservation Trust is available with the Wealth Preservation Account (investments based in the Isle of Man) and our Wealth Preservation Europe Account (investments based in Ireland).

Documents are relevant to both accounts, unless labelled otherwise.

Key documents

CLI and CLIAI Charges and Fees Document

Client guide

Wealth Preservation Account Client Guide (1)

Guide to the Wealth Preservation Accounts

An overview and guide for how to apply

Key features

Key Information Document

Wealth Preservation Account Key Information Document

Suitability report

Policy provisions

Surrender and withdrawal form

Surrender / Partial Surrender Form (Offshore)

Deed of appointment

WPT Deed of appointment

Investment dealing form

Dealing Instruction for all Entities

Change of Trustees

Wealth Preservation Trust - Deed of Appointment and/or Retirement of Trustees

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Manage all your clients’ policies in one place.

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Webinars

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Meet the ican team

Award winning pre-sales technical help & guidance.

Briefing notes

Short guides on a variety of topics that explain and simplify some of the key areas of financial planning.

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Funds

As true open architecture products, both accounts offer a flexible range of investment options.

Access an almost unlimited range of investment funds. With thousands of funds available, the investments can be tailored to meet specific needs and goals.

Our governance team is on-hand to check that the chosen investment choices meet our acceptance guidelines. We’ll generally accept authorised unit trusts, approved investment trusts, OEICs, REITs and non-UK authorised collective investment schemes. Hedge funds will be considered on an individual basis.
A discretionary manager can be appointed to advise and make investment decisions. We have relationships with a wide range of discretionary managers, as well as many boutique and specialist firms. For extra flexibility, the investment can be spread across multiple discretionary managers.

See our discretionary fund manager list.
When you take out one of our Wealth Preservation accounts, you have the option to use our Segregated Portfolio Service. This service gives you access to our widest range of investment opportunities. Get direct access to equities and gilts, where you can benefit from the investment manager’s stock selection expertise.

This service is only available through an investment manager that we have an agreement with.

Explore our Segregated Portfolio Service.

Also worth knowing

Both accounts have different VAT treatments:

Wealth Preservation Europe Account

The Irish Revenue Commissioners have confirmed that discretionary fund management services are not chargeable to VAT under the Value Added Tax Consolidation Act 2010. As long as the assets being managed are classed as a pooled fund portfolio bond and not a highly personalised bond.

Wealth Preservation Account

VAT is usually chargeable on discretionary fund management fees. The exact status of VAT depends on the service being provided and who it’s being provided to. As an adviser, you’ll need to make sure that you’re satisfied with the final VAT position.
The policies will continue if there’s a younger life assured. In this case, the trustees can either allow policy maturities for the beneficiaries, or they can defer the maturity dates. The latest date it can be deferred to is the policy anniversary before the 101^st birthday of the youngest life assured.

The trustees can then decide if and when they want to appoint the policies to the beneficiaries, or surrender the policies and distribute cash.

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Key documents

Charges and fees

Support guides

Client guide

Guide to the Wealth Preservation Accounts

Trust Register and trustee obligations – briefing note

New business

Application form

Trust deed

Key features

Key Information Document

Suitability report

Policy provisions

Managing an existing policy

Surrender and withdrawal form

Deed of appointment

Investment dealing form

Change of Trustees

Adviser support

I want to...

Login to Adviser Connect

Adviser learning zone

Webinars

Meet the ican team

Briefing notes

Funds

Funds

Cash deposits

Platforms

Discretionary fund managers

Segregated Portfolio Service

Also worth knowing

When can payments be made to the settlor?

Is the VAT treatment of discretionary management fees different for the two accounts?

Can you add investments to the policy at a later date?

What happens when the settlor dies?

Can the settlor be a trustee of the discretionary trust?

How to get started

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