Bringing you live news and features since 2006 

Fiona Le Poidevin, chief executive of Guernsey Finance

Guernsey offering foundations alternative

RELATED TOPICS​

Insight into what the introduction of Guernsey’s new foundations law means for the wealth management industry will be given at a London seminar in September.

The law, which is expected to be introduced by the end of this year, has already been agreed in principle by the Island’s Government, the States of Guernsey.

The legislation will go before the States later this month and, subject to approval, will be sent for final ratification by the UK’s Privy Council. Following enactment, the law will provide Guernsey’s fiduciary sector and its clients with additional choice and flexibility when setting up wealth management structures in the Island.

Fiona Le Poidevin, chief executive of Guernsey Finance, the promotional agency for the Island’s finance industry, says: “Guernsey was one of the first jurisdictions to introduce trust law and we now want to further develop that expertise and experience built up over many years in the fiduciary sector by looking towards the future and introducing new products. The panel will give advisers a practical insight into how foundations can be used and use case studies to illustrate this.

“The event will also explore why it’s equally important to consider a foundation as well as a trust when adopting wealth structures because they may appeal more to some clients. In particular, the foundation structure is attractive to clients based in civil law jurisdictions in Europe and also further afield in the emerging markets of China, Russia and Latin America where the trust concept is less familiar than in common law countries such as the UK.”

The Guernsey Finance seminar, titled The Foundations Alternative, takes place from 4pm on 18 September in the Stevenson Theatre at the British Museum, Great Russell Street. It will be followed by a drinks reception at 6pm.

Guest speakers at the event will be announced shortly but will consist of both Guernsey and off-Island practitioners.

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by