Abbey closes Inscape Offshore offices following cost-cutting business review

In a significant cost-cutting exercise, Abbey National Offshore has closed its Jersey-based multi-manager business Inscape Offshore, its Jersey trust office and six representative offices around the world. Inscape Offshore is no longer accepting new clients and will be entirely closed by 31 August. Matt Young, spokesperson for Abbey National Offshore, said: "Our Jersey-based customers will be written to and will be advised of the different investment options following the closure." By 31 July, Abbey National Offshore representative offices in Dubai, Gibraltar, Hong Kong, Portugal an...