Wealthy individuals are ever more aware of the need to ensure that their assets are performing as effectively as possible. Sensitive issues such as client confidentiality and the smooth transition of assets from generation to generation are high on the list of their priorities. In addition, opportunities for fiscal advantage need to be maximised, while the ability to adapt the make-up of the portfolio in line with changing needs is also key.

Insurance structures have become increasingly recognised as an innovative solution for wealth preservation and growth. This is based on the inherent tax advantages they offer and also the flexibility they possess, which allows tailoring to an individual’s exacting and personal needs. Sometimes referred to as a ‘wrapper’, the life-based structure offers advantages that cannot be easily accessed if the investments were held directly.