Offshore

Research published by HM Revenue & Customs on trusts suggests last year's Inheritance Tax changes were unnecessary, says Scottish Life International.

Research conducted by an international life company recently revealed some fascinating and surprising insights into the views of the UK public towards offshore investment.

A streamlined consent process for registered closed-ended funds could be in place in Guernsey by the beginning of next month.

Standard Life Investments and threesixty have joined up to provide a series of adviser seminars covering offshore investment issues.

The Association of International Life Offices (AILO) recently published the new business figures for the third quarter of 2006. The figures are impressive, showing single premium business of £6.5 billion, up 31.79% on the same time last year.

Jersey has boosted investor access to Central and Eastern Europe by granting permission for Austrian bank Raiffeisen Zentralbank (RZB) to distribute a number of its funds from the Island.

HM Revenue & Customs has denied a decision by the Special Commissioners has changed the way HMRC calculates whether a non-UK resident should pay tax.

An offshore fund-of-fund offering clients access to direct investment in European commercial property is being launched by consulting firm Seven Dials.

Nearly three-quarters of advisers believe getting their clients a better income in retirement proposition is a top priority over the next 12 months.

Tony Brown, former Speaker of the House of Keys, has been elected as the new Chief Minister for the Isle of Man.