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, said: "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
