Building foundations for purpose trusts

Guernsey's agenda for the innovation and development of its financial services industry continues, with a number of sector reviews underway. Drawing on the same spirit that produced such concepts as protected cell companies and qualifying investor funds, there are to be significant further strides in the near future to modernise and strengthen the attractions of the island's financial services industry. At a conference organised by the Guernsey branch of the Institute of Financial Services, Jonathan Conder, a London private client lawyer, observed how the island had become less UK-centr...