Offshore investment wrappers - worthwhile or not?
Discussion
Do any of the other SG residents have experience of setting up or using offshore wrappers for assets / investments ?
I am considering this for savings and oension HOWEVER:
1/ upfront and annual charges look rather massive (8-10% set up ) plus annual discretionary mngt and admin charges....not convinced the costs are worth the (longer term ) *potential* tax savings.
2/ I can't help thinking 2012 may not be the best time to put a load of cash into collective and other investments
(apart from "investing" in leisure time)
Any thoughts or opinions gratefully received
I am considering this for savings and oension HOWEVER:
1/ upfront and annual charges look rather massive (8-10% set up ) plus annual discretionary mngt and admin charges....not convinced the costs are worth the (longer term ) *potential* tax savings.
2/ I can't help thinking 2012 may not be the best time to put a load of cash into collective and other investments
(apart from "investing" in leisure time)
Any thoughts or opinions gratefully received
It depends on how much you want to put in (more money, more options - once past the GBP100k the options realy open up) and what you want it to do.
I have had one for 6 or 7 years now and the year on year performance is good, constantly getting over 10% yield on a low risk plan, so beating inflation and some years has climbed as high as 17%
certainly can put you in contact with a descent bloke who will give you an honest appraisal.
I have had one for 6 or 7 years now and the year on year performance is good, constantly getting over 10% yield on a low risk plan, so beating inflation and some years has climbed as high as 17%
certainly can put you in contact with a descent bloke who will give you an honest appraisal.
I have a 7yr "Insurance" plan with HSBC and a 10yr plan with Generali, through my buddy at Portfolio Builders...
Generali is currently making me about 28% and HSBC are making me -7%... Hmmmmm....
An IFA should be able to advise on tax schemes etc.
Can put you in touch with David Francis (Londoner and my other half's best mate but I use him 'cos he's excellent) at Portfolio Builders, or the others will probably recommend Adrian. I think they're probably all much of a muchness, really.
May be worth going and chatting to a few and just seeing who you feel most comfortable with.
Generali is currently making me about 28% and HSBC are making me -7%... Hmmmmm....
An IFA should be able to advise on tax schemes etc.
Can put you in touch with David Francis (Londoner and my other half's best mate but I use him 'cos he's excellent) at Portfolio Builders, or the others will probably recommend Adrian. I think they're probably all much of a muchness, really.
May be worth going and chatting to a few and just seeing who you feel most comfortable with.
I have an investment vehicle wrapper with generalli, that holds hedges, shares, currency, and metals, its not a fixed term, just a case of picking investments but set up very low risk.
My returns are a bit lower than DOm's because i had a few bright ideas to invest in rather than the general advice given by my IFA
My returns are a bit lower than DOm's because i had a few bright ideas to invest in rather than the general advice given by my IFA
dom9 said:
May be worth going and chatting to a few and just seeing who you feel most comfortable with.
This is probably best advice, get Dom's contact, and i will pass on mine and Bing-o's too if you want. Guys, Thanks for the replies .. I'll PM you for some contacts, as I think I need to meet several providers to see who best fits what I want to do
FWIW I have had some initial meetings with an SG based office of a reasonably well known UK "wealth manager" [also have offices in HK] who use a UK bancassurer Friends Provident for the wrapper... though what goes inside is fairly wide ranging.
Initial approach was to talk about pension while I am out here .. though their main interest is providing the investment product... just not sure I want to proceed with the investment side with them [or when .... ]
The concept sounds OK - however, not too sure of investment performance, track record and how what on the face of it seem to be chunky charges compare with industry norms.
[ It could be the charges are the norm .... but getting to the bottom of some of the cost and performance data takes a bit of figuring out ... ]
.. I'll PM you for some contacts, as I think I need to meet several providers to see who best fits what I want to doFWIW I have had some initial meetings with an SG based office of a reasonably well known UK "wealth manager" [also have offices in HK] who use a UK bancassurer Friends Provident for the wrapper... though what goes inside is fairly wide ranging.
Initial approach was to talk about pension while I am out here .. though their main interest is providing the investment product... just not sure I want to proceed with the investment side with them [or when .... ]
The concept sounds OK - however, not too sure of investment performance, track record and how what on the face of it seem to be chunky charges compare with industry norms.
[ It could be the charges are the norm .... but getting to the bottom of some of the cost and performance data takes a bit of figuring out ... ]
Edited by alfaman on Tuesday 14th February 01:57
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