Moon had been a well-known face in the offshore life industry for years, most recently as a field-based manager for Isle of Man-based Royal London 360°, where her role was discontinued as the company reorganised its operations to boost staffing levels in its overseas branch offices. Although she had been involved in offshore matters her primary role at Royal London had been to support the UK-based sales team.
HSBC has been growing its onshore wealth management operations recently, Moon said, noting that it introduced an onshore investment bond in June 2009, and a maximum investment plan (MIP) last November. The MIP is an onshore-qualifying regular premium plan that is designed primarily as a savings vehicle for higher-rate UK taxpayers who may have “maxed-out” their ability to contribute to their pensions and still enjoy tax benefits.
Moon will continue to be based around Southhampton, where HSBC Life UK has offices.
