Due to increasing demand, Stanley Gibbons, the world’s most prestigious stamp merchant, is to provide information to Guernsey residents on holding rare stamps as part of a Retirement Annuity Trust Scheme (RATS)*
Following a decade of often disappointing stock market returns, mis-selling scandals and concerns over rising charges (AOL Money 22 May 12) many individuals are turning to self-managed pension schemes to secure future returns, opening up a world of less familiar investment options such as rare stamps.
Since 2004 the Administrator of Income Tax in Guernsey, after being approached by Stanley Gibbons, has agreed to permit a holding of rare stamps as part of a balanced portfolio in a retirement annuity trust scheme for Guernsey residents. Rare stamps are actually uncorrelated with other mainstream asset classes and they have bucked the downward trend and volatility experienced in the majority of other markets. Showing steady increases in real terms year on year (as per the Bloomberg listed GB30 Rarities Index), rare stamps can form a safe haven asset in a balanced and diversified portfolio. This then offers an alternative to beleaguered investors and savers.
“Guernsey residents are in the unique position of being able to access a wider range of investment options through the RAT scheme that are not available to holders of traditional pension plans. This flexibility gives them the option of including assets such as rare stamps as part of their portfolios to diversify their holdings and provide balance to secure their future returns” said Stanley Gibbons Investment Portfolio Manager, Anthony Love.
Enquiries should be directed to the company’s Guernsey office at 18-20 Le Bordage. To book an appointment with Anthony Love, telephone 01481 708270 or email firstname.lastname@example.org
* Available since 1991 RATS refer to any trusts that are established under Section 157A of the Income Tax (Guernsey) Law 1975 to provide retirement benefits for the members.
No comments have been made on this post.
Copyright © 2010-2013, Chameleon Group Ltd
Web Development by Mattched IT | Powered by Cloudeware CMS
All you need to do is sign up for our newsletter and indicate your preferences below. You'll receive a daily summary email for each
type of article when new items are published.
Please be advised that the volume of Business News articles which we publish is fairly high and you should expect to receive an email
most days if you opt in for them.
You can update your preferences at any time by registering for a businesslife.co account and visiting the 'Your Profile' page.
It's easy to stay current with businesslife.co.
Just sign up for our email updates!