Guernsey

Follows suspension of Equity Income

For undisclosed sum

Into the UK and beyond

Blame for Arch cru fund pricing errors, a fatal flaw at the heart of one of the biggest investment failures in recent years, has finally been laid at the door of the fund's administrator, Bordeaux.

The majority shareholder in a student property fund sold by advisers to retail investors called for the fund to be liquidated after redemptions were suspended for more than a year.

Prime Minister David Cameron has told other Members of Parliament that it is unfair to refer to Guernsey as a tax haven.

Nominations are now being accepted for Best Fund Service Centre.

Guernsey, Jersey, the Cayman Islands and the British Virgin Islands have all received approval from the European Securities and Markets Authority (ESMA) for co-operation agreements.