4 February 2020 – Sanlam UK today announces a partnership with investment platform Praemium, enabling advisers to access Sanlam’s open architecture bond through the Praemium platform.
Nick Parry, CEO of Sanlam Life & Pensions said: “Sanlam is renowned for crafting bespoke solutions and Praemium is known for its innovative approach, so it has been a pleasure to work collaboratively to bring this proposition to Praemium’s adviser clients.
“We firmly believe that onshore bonds have become a key piece of the financial planning jigsaw for many UK investors, given the taxation and regulatory changes over the past few years.”
“This follows similar launches on 7IM and Parmenion’s platforms, bringing this exciting product to even more advisers.”
The open architecture structure of the bond allows a broad range of investments to be selected, supporting the adviser’s own Centralised Investment Proposition. It can also be particularly helpful for higher or additional rate taxpayers who have used their dividend allowance, or those seeking to place their investment within a trust for IHT planning purposes.
Powered by intuitive technology and top-rated service, recommending onshore bonds can now be simple.
Mark Sanderson, Praemium General Manager – UK & International, said: “Innovation is in our DNA, so we’re very excited to launch this much-anticipated product. We are especially pleased to partner with Sanlam: their focus on quality, efficiency and service makes them the ideal partner for this new offering.
“Providing Sanlam’s Onshore Investment Bond via our next-generation platform provides a solution for advisers looking for a tax-efficient way to grow client investments and allows for income across a range of wrappers. Combined with the flexibility of our platform, the bond can help deliver great customer outcomes, particularly around retirement and decumulation.”
Based on our understanding of HMRC practice as at February 2020. Tax rules are subject to change. The value of investments and any income from them can fall and you may get back less than you invested.