HSBC is closing down all Jersey accounts for UK-based customers as part of a “remediation exercise” as it seeks to prevent misuse.
Sale includes offshore bond policies with £2.5bn of assets under administration.
A Labour government would blacklist opaque territories and crown dependencies, says Miliband.
Bank advised clients on tax evasion using Swiss bank accounts.
Old Mutual has officially rebranded the overseas Skandia businesses and plans to take an OMGI researched fund range global.
Clerical Medical International believed to have an embedded value of £200m.
Brooks Macdonald International has appointed the chief executive of its latest acquisition to head up its business.
Overseas schemes aim to attractive savers with broader investment choices and lower taxes.
The Government is set to extend the Budget pension flexibilities to overseas savings vehicles after holding crunch talks with the industry.