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Investors still keen to go offshore

Investors still keen to go offshore

Category: Offshore savings

Updated: 30/10/2009
First Published: 30/10/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Consumer confidence in offshore investment products remains overwhelmingly strong, despite a year of scrutiny and Government reviews, new research has revealed.

Around four in five (79%) financial advisers in the UK surveyed by Skandia International agreed that consumer confidence in offshore products remains high.

Just 21% believed their clients were nervous about offshore products in the current market.

A spotlight has been shone on the offshore financial industry since the collapse of a number of international financial institutions during the early days of the current recession.

Questions have also been raised about the transparency of the industry, and criticism raised relating to certain offshore bases and certain types of financial products.

However, indications are that international investors continue to view offshore investment products as a valuable and essential tool in their financial planning.

"Investment offshore in robust jurisdictions can form a legitimate part of people's offshore planning," said Phil Oxenham, marketing manager at Skandia International. "Despite market volatility and a number of government reviews of offshore centres, investors remain confident in the international investment market."

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