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.
Jersey
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Confidentiality concerns grow pre-global tax evasion crackdown
Governments and tax partners need to work to ensure confidentiality is protected when new international tax transparency rules come into force in 2017, according to OECD director, Pascal Saint-Amans.
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Coutts appoints Waldegrave to chair Jersey trustee business
Coutts Trustees have appointed William Waldegrave as chairman of its board and on-executive director adding to the string of senior hires announced recently across its flagship trust company in Jersey.
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Phoenix prevents 8m theft pension liberation
Jersey-headquartered life insurer, Phoenix Group, said potential fraudsters attempted to steal £8m of clients’ pension savings last year.
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HSBC steps up checks on Jersey customers
HSBC has stepped up scrutiny of its onshore account holders in Jersey although clients with the bank’s Expat Account are not affected.
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jersey to evolve qrops legislation step by step
Jersey’s chief minister Ian Gorst has said that the island’s strategy towards building business in the QROPS market is not cautious, but rather a “step-by-step” approach.
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Jersey chief minister disappointed at Miliband
Jersey’s chief minister Ian Gorst has formally expressed his “disappointment” with statements from Labour Party leader Ed Miliband about tax transparency and disclosure efforts by UK overseas territories.
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Jersey funds reach seven year high
Jerseys funds sector surged by £23.5bn to reach a seven-year high in 2014, new research has revealed.
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FATCA goes live in Jersey
Financial institutions in Jersey can now register clients with the US, as the Foreign Account Tax Compliance Act (FATCA) goes live in the jurisdiction.
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Coutts appoints head of fiduciary investments
Coutts has appointed a new head of fiduciary investments as it continues to invest in its Jersey trust business.
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The growing importance of Islamic finance
The global popularity of Islamic finance has grown sharply over the past 10 years and here, Geoff Cook looks at how Britain and Jersey are tapping into this flourishing market.
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Jersey enters the QROPS market
Trustees in Jersey are now able to offer non-residents access to QROPS, after amendments to the jurisdictions pension regime came into force yesterday.