To remain both competitive and compliant in today’s marketplace, you need to be able to access the right investment wrappers that are suitable for your clients’ needs. We offer a range of product wrappers with a consistent fund range and charging structure.
Collective Investment Account (CIA)
The CIA allows clients to hold a wide range of collectives (unit trusts and OEICs) outside a tax wrapper in one convenient place. This might be useful if, for example, they have already fully utilised their ISA allowance. It will also accept investments by trustees of registered pension schemes such as self-invested personal pensions (SIPPS) and small self-administered pension schemes (SSAS) as part of a client’s underlying retirement portfolio.
Old Mutual Wealth offers a range of CIA specific support, including information about the taxation of investments within the CIA on Informer, our technical planning resource. Also available is a Capital Gains Reporting tool, which provides a client’s gain or loss position on the holdings, to support you with tax planning.
Individual Savings Account (ISA)
With an ISA through the platform, clients can optimise their annual ISA limit by 'grossing up' their contribution to take account of any initial fee payable to you that is being facilitated through the platform. For example, in the case of a £20,000 ISA subscription in 2017/18, where a 3% initial fee is payable, we will accept a cheque for £20618.56, so that the client can invest the full £20,000 after the initial fee has been accounted for.
Access the grossing up calculator for an easy way to calculate the amount that should be paid to Old Mutual Wealth, to maximise a client's ISA allowance.
Collective Investment Bond (CIB)
The CIB has been given a Gold Service rating by Defaqto, marking it as one of the leading onshore bonds in the market. With access to over 1300 funds with multiple share classes, beneficial platform charges for multiple investments (including reductions for linking with those of an investor’s spouse or civil partner) and a simple platform facilitating it, it’s no surprise that the CIB has been consistently placed top for Defaqto comparisons against other providers’ unit-linked bonds. Advisers considering recommending the CIB can access information on the taxation of collectives held within a bond on Informer, our technical planning resource.
View the Key Information Document (KID) for the CIB, which gives clients key facts about the CIB, including risk and cost information.