Offshore Investment

Deposits in banks on the Isle of Man have fallen from £56.8bn to £49.9bn since Her Majesty's Revenue and Customs (HMRC) created a unit to focus on tax avoidance via offshore schemes.

Two Isle of Man companies celebrate their fifth year of operation.

Mark Hucker has been appointed Chief Risk Officer for Standard Bank Offshore.

Kleinwort Benson's £26.4m purchase of Close Offshore Group is now finalised.

Expatriates working or living in European countries are urged to review all their insurance arrangements to ensure they have the right cover in place.

Jersey's finance industry has made its first formal visit to Israel.

Good news for investors favouring Indian equities.

HSBC Global Asset Management has launched the first CIVETS fund making it available to both retail and institutional investors globally.

"Spain is like Ireland, Portugal and Greece, only more so," warns Stuart Thomson, Chief Economist with Ignis Asset Management.

A team from Guernsey is hosting a seminar next month to show a select London audience the attractions of relocating to the Island.