News & Views

More positive news for Jersey’s funds industry

Following the recent news that the value of regulated funds under administration in Jersey has reached record highs in excess of £300bn, the islands regulator, the Jersey Financial Services Commission has released data on the rise in  the number of alternative fund managers choosing to market their funds through national private placement regimes (NPPRs), reports Jersey Finance.
 

Senior fund role for Geary at Moore Stephens

Moore Stephens has appointed Richard Geary as senior manager in their Funds Services division.
 
Based in Jersey, Mr Geary will lead the offshore funds team with a focus on real estate and private equity, working with a cross-section of clients, from global institutions and sovereign wealth funds through to international family offices.
 

Senior promotion in Trust & Corporate Services

Moore Stephens today announced some recent promotions within their Trust & Corporate team in Jersey with the appointment of Billi-Jean Brown as Associate Director with oversight of the Trust & Corporate administration team.
 
Also within Trust & Corporate, Emma Cotillard has been promoted to Section Head and Charlotte Black to Trust Administrator.

Non-dom tax update

Following the end of the tax year on 5 April, many long-term non-doms (broadly speaking, those who have been UK-resident for 15 years) will be completing a tax return on a worldwide basis for the first time.
 
 

Retirement postponed! Lack of exit strategy a problem for SME directors

A growing number of SME company directors are now stuck running their businesses into their 70s instead of retiring, as they haven’t planned their exit early enough. 

Our latest research reveals that one in eight (12.3%) directors of small and medium-sized businesses are aged 70 or over – some 73,430 people in 2017/18*. This is up from 72,400 SME directors over 70 the previous year. 

 
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