Offshore Investment

The governments of Jersey and Guernsey have defended the Islands against accusations by the USA that they are "offshore secrecy jurisdictions".

Alliance & Leicester International is attempting to cash in on the growing number of silver surfers, with the launch of an online only savings account.

Not only a change of Prime Minister and Chancellor announced since last I wrote - but a change of editor as well!

BlackRock is giving retail investors access to its global fixed income expertise with the launch of the offshore Fixed Income Global Opportunities fund.

Investec Bank's Channel Islands division has confirmed it will be opening a new branch in Jersey following a period of outstanding growth.

Legal & General has taken its next step into the offshore market with the appointment of a new chief executive for its Irish operation.

The Association of International Life Offices (AILO) have issued new business figures for the offshore market recently. They make impressive reading.

The offshore business of Old Mutual is to become part of Skandia International, in an attempt to capitalise on market developments and share best practices across the businesses.

Chiltern is warning HM Revenue & Customs could start clamping down on undisclosed tax liabilities in offshore accounts as early as July.

The Crown Dependencies of Jersey and the Isle of Man have signed declarations with the UK recognising each Island has its own identity and interests in the international arena.