How secure are offshore bonds?

The recent crises has completely altered the landscape and everything that was a given is now no longer so. Whereas previously we were able to reassure a client that cash was a safe place to be, we now have to be rather more circumspect and seek to qualify that statement by examining not only the underlying account provider, but how that account is held ie, is it in a nominee name, or held under a SIPP or within an offshore bond. The effectiveness of any investor protection will vary depending upon all these factors addition depending upon the territory within which the asset is held. ...