RSS Feed

Related Articles

Related Categories

Rensburg Sheppards IHT AIM portfolio continues to hit the mark

18th September 2008 Print
Rensburg Sheppards' Inheritance Tax Planner (RSITP) has maintained its number one position in the latest review of AIM IHT managers by Tax Efficient Review, which covers the first half of the year to 30 June 2008.

In spite of recent stock market volatility, the RSIP attracted £6.7 million of new funds in the half, increasing funds under management for this product to £58 million at 30 June 2008, making it the largest provider of AIM IHT portfolios in a market exceeding £500 million.

Against a background of declining share prices generally, with the FTSE All share declining 11.2%, the FTSE 100 some 10.8% and the FTSE AIM All Share down 7.7% the RSIP has fared relatively well with the average portfolio only down 3.0%, before any potential IHT saving is taken into account. This performance placed the RSIPTP at the top end of the IHT manager's performance table but the Tax Efficient Review survey took into account factors other than just performance, such as fees, stock volatility and the strength of the management team. Overall, the RSITP came top for all those managers offering a portfolio with a minimum investment of £75,000.

Commenting on the Review, Barry Anysz, divisional director responsible for the RSITP said: "We are very pleased to be, once again, placed top in this well respected, independent survey, which demonstrates the strength of our management team. This is an undeniably tough investment climate and advisers are often struggling to find value for their clients. Minimising tax is an important service they can deliver and effectively demonstrates the explicit added value of professional advice. AIM IHT portfolios provide exemption from inheritance tax after only 2 years and this is of considerable interest to clients. However ,as with everything, timing is everything and current low share prices offer good future growth prospects as well as the potential tax saving and we are finding that investors are taking advantage of market conditions to either make an initial investment or top-up existing holdings."

Martin Churchill, who compiled the Tax Efficient Review, commented: "To maintain the number one slot in any market conditions says a lot about the calibre of management skills on offer. More to the point, to manage to achieve that in these difficult times is a remarkable display of competence and professionalism. Rensburg Sheppards have done extraordinarily well for their investors and their advisers - yet again."