Offshore savings Updated:
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.
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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