Guernsey dropped from EU tax blacklist
Guernsey has been removed from a blacklist issued by the European Commission which named and shamed 30 allegedly uncooperative tax jurisdictions.
Guernsey
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Bordeaux Services fined and banned over Arch Cru collapse
The directors of offshore fund administrator, Bordeaux Services, have been fined and banned for five years for their involvement in the collapse of the Arch Cru funds.
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ESMA recommends six non-EU nations for AIFMD passport
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
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European Court throws out EEA action group claim against UK Gov’t
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
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OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.
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IAM Advisory reappoints CIO
Independent investment advisory firm IAM Advisory has reappointed its old chief investment officer after a seven year break from the role.
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Guernsey funds grow by £3bn in Q1 2015
Guernsey’s fund industry has seen steady growth so far this year, with total funds under management increasing by £2.8bn to reach £222.2bn.
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Blacklisted nations slam EU over ‘unacceptable’ tax haven register
The Organisation for Economic Cooperation and Development (OECD) has spearheaded complaints from a host of countries disputing their “arbitrary” inclusion on a list of tax havens released by the European Commission last week.
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FEIFA announces partnership with Guernsey’s Cavendish
The Federation of European IFAs (FEIFA) has announced a partnership with Guernsey-based pensions provider Cavendish Corporate Investments PCC (Cavendish).
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Barclays appoints Channel Is head of offshore funds
Barclays has appointed Steve Rickards to lead the creation and implementation of the bank’s offshore funds strategy.
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Guernsey funds bolster UK growth, says KPMG
Guernsey funds drive £25bn of investment into the UK from global investors, according to a report from financial services giant, KPMG.
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Guernsey Finance targets more markets with new role
Guernsey Finance has named Kate Clouston as its first director of international business development