Offshore Investment

A specialist offshore adviser website has been launched by Clerical Medical International in a bid to strengthen its relationship with intermediaries.

Just a couple of weeks ago was half-term and I had a splendid time with the kids. Of particular delight to the children was a visit to the local theme park, with an abundance of nausea-inducing rides followed by an over-sweetened candy floss chaser.

Canada Life International is changing the valuation basis it uses for its discounted gift products after the Capital Taxes Office highlighted a change in position.

Jersey's funds sector has grown over 30% during the past 12 months, as the financial services industry on the island experienced a general upswing in growth.

Fidelity FundsNetwork has teamed up with Standard Life International to introduce an international offshore bond onto its platform from April.

The Royal Court in Jersey has ruled clients of advisory firm Alternate Insurance Services are entitled to more than £1m in compensation after it was found the firm had provided misleading advice.

INDEPENDENT fund supermarket Cofunds is set to make a range of Luxembourg-domiciled funds available on its platform this week.

Flying down to London this morning I was in need of something to read and grabbed a complimentary copy of the Daily Express. In its pages was the ongoing campaign against the so-called "death tax".

HM Revenue & Customs is expected to issue details shortly of a partial "amnesty" scheme for offshore investors who have evaded paying tax on their interest, although its appeal could be limited.

I was looking at some HM Revenue and Customs figures recently and they quite surprised me. They were forecasting that the annual receipts for capital gains tax for 2006-2007 would be over £4bn. This compared to £3.5bn for inheritance tax.