Despite the term ‘offshore investment’ being widely used in policy and political discourse to describe the investment of capital outside an investor’s jurisdiction of residence, representatives of banks were keen to point out that it is a very broad term open to different interpretations. Indeed, during many of the qualitative interviews conducted with representatives of […]
Skipton International is to implement a new banking service and replace its core banking system for offshore savings customers. Skipton International will be making a significant investment in the new system and portal, provided by Temenos, a global leader in banking software, and implemented by their partner, Syncordis, a Luxembourg IT Consultancy. Jim Coupe, Managing […]
Skipton International launch new market leading offshore savings accounts Skipton International (Skipton) has today launched new Individual and corporate savings accounts with some of the most competitive rates of interest in the market. The International Saver 200 offers 1.30% gross AER (Annual Interest Rate) on balances between £10,000 to £5 million. Annual interest will be […]
Skipton International, as of Friday 17 June, launched a new 1-year fixed product (offshore savings account) with one of the most competitive rates in the offshore market. The new bond which matures 30 June 2017, offers an interest rate of 1.40% AER and is open to new and existing customers. Managing Director Jim Coupe said, […]
Skipton International won the Best Offshore Account provider category at the 2016 Moneyfacts Awards this week. This is the 3rd time Skipton International has won a Moneyfacts Award – one of the most prestigious awards in the finance industry. The Moneyfacts Awards involve an independent assessment of personal finance products with input from IFAs. Jim Coupe, […]
Skipton International reached £1.075 billion of deposits at the end of 2015 – a level that would be equivalent to the 12th largest building society in the UK. With savings customers in over 100 countries around the world, the Channel Island-registered bank has grown its deposits steadily since 2009 when it formed through the amalgamation […]
In a little over one year demand for the bank’s British expat buy-to-let offering has eclipsed that for its established mortgage lending in Jersey and Guernsey. Managing Director of Skipton International, Jim Coupe said: ‘We have been servicing expats with their savings needs for years and knew there would be a demand for buy-to-let mortgages […]
The largest of the British Channel Islands, Jersey has been at the forefront of the financial services regulation for over 20 years and is one of the World’s leading International Financial Centres (IFC). As a jurisdiction, the Island is recognized for its strong tradition of corporate governance and its robust regulatory regime. Jersey has a […]
Jersey has retained its top spot as the highest rated offshore jurisdiction in the latest biannual Global Financial Centers Index (GFCI) despite an overall fall in the rankings for the Channel Islands amid fierce onshore competition. Among offshore territories, Jersey placed highest in 28th place, next followed by Guernsey (31st), the Cayman Islands (41st) and […]
WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties […]
RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards. World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity […]
The Channel Islands are well-known as a place where individuals and companies from Britain often choose to invest their hard-earned cash. They are an example of an offshore financial centre; but what exactly is an offshore financial centre and what are the benefits of placing your money there? Are there any pitfalls to watch out […]