Offshore

Scottish Equitable and Scottish Equitable International have created education packs to make inheritance tax planning easier for advisers.

Standard Life International Ltd is understood to be on the cusp of launching its first product offering within the next week or two following the official launch of its Dublin-based offshore operation.

Investment Services UK, an emerging market bond broker, has been fined £175,000 by the Financial Services Authority (FSA) because it broke anti-money laundering (AML) rules in failing to implement proper systems and controls.

Standard Life is entering the offshore market to target tax efficiency business at UK clients.

A multi-millionaire businessman who became a Labour minister last week has admitted holding part of his personal fortune in an offshore tax haven which experts say could have helped him avoid £3m in tax, reports this morning's Times.

Investors classed as onshore UK tax residents will gain access to three Dublin-domiciled variable capital sub-funds of the First State Global Umbrella fund under new rules governing offshore funds.

Members of the Amicus trade union are preparing pickets of Norwich Union sites across the country in response to its representatives being denied access to offices after stepping up a campaign against offshoring of jobs.

Scottish Equitable International (SEI) this week launched a new offshore plan, which it claims could work as an alternative retirement savings tool for investors who will exceed the coming lifetime limit.

Scottish Life International has launched the latest version of its safe combination bond which offers between 95-100% capital protection and potential stock market growth in the FTSE 100.

It was not just UK-based investment sales which suffered in the last year, according to the latest AILO sales figures, as offshore life sales were down almost a fifth on the previous year.