Offshore Investment

The British Bankers' Association (BBA) has waded into the debate on British expats' access to onshore bank accounts, pointing to difficulties obtaining personal information as a key reason for its members' reluctance to embrace offshore savers.

The value of Arch's entire offshore fund range slumped between 10% and 40% in the days leading up to its onshore fund suspension.

Thousands of British investors with up to £3bn stashed in secret Liechtenstein bank accounts will be asked to come forward voluntarily under a deal to be negotiated next week that could be the first of many worldwide.

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

The spotlight is certainly on offshore centres at the moment with talk from newly elected President Obama about closing down tax havens, which has been quickly echoed by other world leaders such as Gordon Brown who perhaps sees an opportunity to divert...

A second draft bill filed in Washington designed to deter tax evasion but which includes less draconian measures than its predecessor would be "more favourable" to Jersey.

The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with France, marking its twelfth agreement with an OECD member country.

Royal London 360° has added two Sarasin funds to Paragon, its regular premium product, following a recent fund review.

The British Bankers Association (BBA) has waded into the debate on British expats' access to onshore bank accounts, pointing to difficulties obtaining personal information as a key reason for its members' reluctance to embrace offshore savers.

Councils have been accused of "negligence" after putting nearly £33m into Icelandic banks just days before they collapsed last October.