Best Execution

Credit Suisse has established Best Execution arrangements for retail and professional clients that describe the principles, duties, and responsibilities to take all sufficient steps to systematically obtain the best possible result when either directly executing transactions on clients' behalf or transmitting client orders to intermediaries for execution.

Life insurance can help to mitigate IHT exposure, which may exist in any of the following scenarios:

  • IHT is payable at 40% on assets above a nil-rate-band of GBP 325,000 or GBP 650,000 for a couple
  • It is payable by UK domiciled and deemed domiciled individuals on worldwide assets and non-domiciled individuals on UK situs assets
  • IHT is due on all UK property regardless of any structure, even for non-UK resident individuals
  • Gifts are generally treated as potentially exempt transfers, but if the donor dies within seven years, the gift may be taxable
  • Where beneficiaries are young and/or gifting is not appropriate
  • Life insurance is often cheaper than IHT

The Order Execution and Allocation Policy sets forth information relating to how Credit Suisse (UK) Limited seeks to provide Best Execution as required by the Markets in Financial Instruments Directive 2014/65/EU (“MiFID II”) when either executing or transmitting orders or quotes on behalf of clients.

 

Where estates contain substantial assets, such as family businesses and landed estates, equalisation between beneficiaries can be problematic. A life insurance policy can be gifted to one beneficiary, ensuring other assets remain in place and beneficiaries receive a cash benefit at the point of death.

Download RTS 28 Execution Quality Report

 

Download RTS 28 Top 5 Venue Report

 

2020