more than 200 foundations now registered
The number of foundations based in Jersey has grown to more than 200 in the less than four years since they were introduced.
aum at standard life hit record
Standard Life has released record results for its first quarter of 2013 with a 24% rise in long-term savings sales, up to £6.3bn compared to £5bn year-on-year. The group assets under administration (AUA) are up 7% to reach a record £233bn.
Tax & Regulation | 24 Apr 13
step journal swiss minister attacks anglo saxon
Swiss finance minister Eveline Widmer-Schlumpf has revealed an antipathy towards trusts, which appears to mirror the thinking behind France’s recent move to force trusts to report on any French tax-resident beneficiaries they may have.
axa to buy 50 stake in chinese insurance firm
Axa has agreed a deal to buy 50% of a property and casualty insurance company in China which it says has “strong direct capabilities”.
summer slumps are blue moon occurances
Investors taking a summer holiday from the market last year would have missed out on returns of 4%, while summer sell-offs and their resulting slumps have been few and far between over the longer term, according to Bestinvest research.