29 Apr 2024
IFGL’s own Trust Company, IFG Global Trust Company Limited (IFGL Global Trusts) was launched in April 2024. The company is based in our International House office in Douglas, Isle of Man.
IFGL Global Trusts will initially provide corporate trustee services for RL360 clients seeking to set up a Beneficiary Trust on their policy to ensure that their wealth is passed on efficiently and in accordance with their wishes following their death.
While the service is currently only available on new and existing RL360 plans, and for Beneficiary Trusts, it is hoped that services will be expanded in the future to include other Trust arrangements and potentially cover other IFGL brands.
IFGL’s Head of Technical Services Neil Chadwick said: “Establishing our own Trust Company is in line with IFGL’s strategy to provide financial advisers with value-added ancillary services to help them to better advise and manage their clients. The Beneficiary Trust is an excellent way for clients to facilitate estate and succession planning, providing them with peace of mind that their wishes for how their wealth is passed on after their death are followed as quickly and as efficiently as possible.”
