Nearly three in four advisers (72%) have seen an increase in demand for ESG and sustainable investments to be held in onshore bond structures, a study by HSBC Life UK finds. It found that on average advisers estimate nearly half (45%) of their client base holds onshore bonds.
Advisers have expressed concern that their client’s risk being fined by HMRC for failing to register trusts with the Trust Registration Service (TRS) by 1 September deadline, according to HSBC Life.