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. We've also launched a Capital Gains Reporting tool, which provides a client’s gain or loss position on the holdings, to support you in preparing clients’ tax returns.
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 an £15,240 ISA subscription, where a 3% initial fee is payable, we will accept a cheque for £15,711.34, so that the client can invest the full £15,240 after the initial fee has been accounted for.
Collective Investment Bond (CIB)
The CIB has been given a 2014 Defaqto 5 Star Rating, marking it as one of the leading onshore bonds in the market. With access to over 1250 funds with multiple share classes, beneficial platform charges for multiple investments (including reductions for linking with those of your spouse/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.