Offshore Investment

The Isle of Man has branded the failure of Kaupthing Singer & Friedlander IOM (KSFIOM) an "unfortunate, isolated event" as a grass-roots YouTube campaign against the jurisdiction grows.

Alistair Darling says the Treasury could claw back even more in lost tax as Britain and other G20 countries move to tackle offshore evasion.

The Organisation for Economic Cooperation and Development (OECD) proclaims an end to banking secrecy as it unveils an enforcement mechanism to ensure countries keep their promises about tax evasion.

Jersey-based Abbey International has launched a second edition of its 12 month fixed rate account, paying a guaranteed 3.5% gross/AER over 12 months.

Barclays Capital has re-launched two deposit accounts to sit in its Structured Deposit Series for Offshore Bonds.

Peter Hargreaves, the multi-millionaire founder of Hargreaves Lansdown, has done a u-turn on his plan to flee the UK to escape the new 50% top tax rate announced in April's Budget.

Standard & Poor's (S&P) has signed an Index Creation Agreement (ICA) with the Saudi Stock Exchange (Tadawul) to launch new indices for the Saudi equity market.

Franklin Templeton has merged the Franklin US Growth fund into its $363.9m US Equity Sicav.

The European Court of Human Rights is set to rule on a UK law which freezes the state pension of anyone who leaves Britain to live in certain countries, according to ECHR files.

Britannia International has rolled out a second issue of its six year annual return Guaranteed Capital Bond.