Offshore bond holders have made a decisive move to equities at the expense of other asset classes as risk appetite improves, according to providers.

Here we list who has moved where in another busy week in the offshore sector.

The British Virgin Islands and the Cayman Islands have joined the Organisation for Economic Co-operation and Development's (OECD) 'white list' of tax havens which have "substantially implemented" the internationally agreed tax standard.

Friends Provident International (FPI) has launched three investment-linked funds designed to give investors exposure to stock market volatility as part of their investment portfolio.

Speculation about Middle East investment in UK property firms has boosted the FTSE, which hit a ten month closing high yesterday.

Financial consultants deVere and Partners has acquired web-based international broker, Programmes for Wealth international (PWi).

Every bank with a UK presence has been ordered to surrender details of customers holding offshore accounts to HMRC.

US stocks fell in early trading today after unnerving sales figures from retailers.

Skandia Investment Group's James Millard believes the recovery in equity markets will continue for the next few months and favours Asian stocks over the UK and Europe.

Family Investments has partnered with the Post Office to launch a Guaranteed Capital Bond Cash ISA.