Jumping on the bandwagon

Turn the clock back 20 years and the offshore life industry was a vastly different animal from the one that is in operation today. Back then the idea of spiriting money out of the UK was viewed as borderline criminal; financial advisers were even wary about suggesting it. But times have changed, insists Jon Baker, senior marketing executive at Clerical Medical International. The past two decades has witnessed a major transition. "Offshore used to be seen as elitist, shady and just for the wealthiest people who had their own stockbrokers," he recalls. "Nowadays the market is a lot more...