Offshore

Aegon is the first UK insurer to try and transfer the success of guaranteed living benefit products from the US to the UK, with the launch of ‘5 for Life'.

The amount of funds under management in Guernsey have hit a new high according to the Island's Financial Services Commission.

Sales of offshore investments are estimated to have grown in the UK by as much as 50% last year. This makes this market one of the fastest growing markets in UK financial services so it is surprising for me to still come across IFAs who discount it automatically....

Canada Life has appointed two new heads for its life and pensions business and wealth management division which includes offshore business in the Isle of Man.

Are these events related? The European Savings Directive does not generate as much revenue as was expected; investigation into Barclays' offshore accounts reveals poor declaration of offshore accounts, and there is a strong increase in the amount of money...

Amid the news on global terrorism this week one role has been forgotten - that of the taxman.

The taxman may get new powers of arrest and search and seizure, reports The Times

Further details for a possible cap on corporate tax are still uncertain despite positive feedback to an Isle of Man consultation.

Pensions tax simplification has not only altered the rules around pensions, but it could also have opened up a whole new area of retirement planning through offshore bonds.

Axa Isle of Man has enhanced its inheritance tax (IHT) proposition by realunching its estate planning bond with both an income and legacy guarantee.