Guernsey

Europe | 29 Feb 12

Total deposits held with Guernsey banks at the end of December fell almost 6%, or by £6.7bn, from the end of September, and 3.1% from a year earlier, as two banks surrendered their licences and the low interest rate environment continued to put people off of keeping money on deposit.

North America | 28 Feb 12

Guernsey’s income tax authorities are looking at whether the island should join the UK, France, Germany, Italy and Spain by joining forces with the US to exchange information on individuals with accounts within its borders, a Guernsey newspaper reported yesterday.

Retirement | 31 Jan 12

As the door shuts on the eight-week period during which HM Revenue & Customs was accepting comments on its plans to amend its QROPS regulations, Guernsey QROPS providers are pinning their hopes on the introduction of a new pensions scheme that would be open to islanders and non-residents alike.

Retirement | 27 Jan 12

The States of Guernsey is to introduce a completely new, one-size-fits-all pensions regime, open to islanders and non-residents alike, in an effort to ensure the survival of its thriving QROPS industry.

Tax & Regulation | 25 Jan 12

The association representing Guernsey pension providers on Wednesday submitted its response to a package of changes HM Revenue & Customs has proposed to make to the legislation governing QROPS, taking issue as expected on an element of the plan known as Condition 4.