Global consumers are still confident about offshore investment products, despite the sector being badly hit by the collapse of Landsbanki and Kaupthing Singer & Friedlander IOM, according to a survey by Skandia International.
In the survey of nearly 700 advisers - 300 overseas and 400 in the UK- around 80% say there remains a high level of consumer confidence in the offshore market. Of overseas advisers, 83% believe investors are keeping confidence in offshore investment or are unaffected by the recent scrutiny, compared with 79% in the UK. Only 17% of advisers overseas, and 21% in the UK, believe their clients are concerned about offshore products. Following the recession the offshore industry has faced questions about transparency, and criticism relating to certain offshore bases and some types of fi...
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