Offshore Investment

Scottish Life International has sent a plea to the Chancellor of the Exchequer to include measures in the forthcoming Budget to simplify parts of the offshore tax system by removing unnecessary administration burdens.

Norwich Union has extended the deadline for its closure to new pension and annuity business in the Channel Islands and Isle of Man until June.

As we near the end of January, I have been wondering how many people can possibly have kept up their new year's resolutions. The trouble is that in a fleeting moment of angelic ambition, it's rather too easy to over-stretch oneself.

Research conducted by an international life company recently revealed some fascinating and surprising insights into the views of the UK public towards offshore investment.

A streamlined consent process for registered closed-ended funds could be in place in Guernsey by the beginning of next month.

Standard Life Investments and threesixty have joined up to provide a series of adviser seminars covering offshore investment issues.

The Association of International Life Offices (AILO) recently published the new business figures for the third quarter of 2006. The figures are impressive, showing single premium business of £6.5 billion, up 31.79% on the same time last year.

Jersey has boosted investor access to Central and Eastern Europe by granting permission for Austrian bank Raiffeisen Zentralbank (RZB) to distribute a number of its funds from the Island.

HM Revenue & Customs has denied a decision by the Special Commissioners has changed the way HMRC calculates whether a non-UK resident should pay tax.

An offshore fund-of-fund offering clients access to direct investment in European commercial property is being launched by consulting firm Seven Dials.