Guernsey

Retirement | 27 Mar 12

As expected, Guernseys State Legislative Committee yesterday approved a proposed new pension regime aimed at enabling the island to continue to look after UK pensions transferred there by those leaving the UK for good.

Retirement | 7 Mar 12

The States of Guernseys House of Deliberation has waved through proposed legislation that would provide a new regime for QROPS, paving the way for final approval within the next three weeks, Guernsey sources told International Adviser yesterday evening.

United Kingdom | 2 Mar 12

UK proposals to force banks to ring-fence their high-street banking operations from their investment banking arms in order to protect them from possible future banking crises have sparked concerns in the offshore banking industry, over the possible changes that these plans could force on the offshore subsidiaries and branches of British banks.

North America | 29 Feb 12

A FATCA partnership with the US may not be as frightening as it may sound at first to those in Guernsey and similar other smaller jurisdictions, a KPMG Guernsey tax expert says, noting that, in terms of scope and commitment, it could be relatively similar to the EU Savings Tax Directive (EUSD).

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.