In the recent case of In the Matter of the F Charitable Trust [2017] JRC 142 the Jersey Royal Court (Court) provided guidance to the trustees as to what it expected from them when they plan to engage in litigation on behalf of the trust and what will the Court consider in order to bless
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For any Trustees of Group company schemes wanting to retire as Trustees they should be aware of the recent ruling in the Jersey Royal Court regarding a Jersey based trust (the “Trust”) and the Trustee’s desire to retire as Trustee. RBC Trustees (Guernsey) Limited (the “Representor”) were appointed as Trustees of the Trust by an
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Introduction LEIs! A term that trustees will now be all too familiar with, this note will be of interest to trustees who have clients who are legal entities or structures, including a company, charity or trust, and eligible for an LEI. What is an LEI? An LEI is a unique identifier for persons that are
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High Net worth individuals are increasingly interested in acquiring art and collectibles, whether it is as a pure investment to diversify from traditional asset classes, or for social and cultural reasons. No matter the driver for the acquisition or holding of Art, it is imperative that the Trustees take a diligent and meticulous approach in
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Autumn Statement 2016 introduced no further restrictions to the UK registered pension regime but that is only because more than enough meddling has taken place over recent years. Gordon Brown commenced a decade of change in 2006 with the introduction of the lifetime and annual allowances. Both of these allowances essentially put a limit on
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Dominion, one of the largest privately owned independent Trust Company’s with over 90 staff based in Geneva, Jersey, London, Malta, New York and Wilmington is delighted to announce the acquisition of OAK International Fiduciary SA. The Trust Company acquired by Dominion formerly comprised both the Swiss Trust Companies of the Royal Bank of Canada and Coutts
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Over the summer month’s staff from the Jersey office have been working together to help protect a local conservation site. Local charity Jersey Mencap supports children and adults with learning disabilities and strives for improved services, choice and opportunity; offering support in a variety of ways. They offer a number of projects for local people with
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Malta Although there are fully regulated pension industries in a number of countries outside of the EU, Dominion considers these jurisdictions from a QROPS perspective to present a higher level of risk for advisers, service providers and clients when compared to a QROPS established in the EU and particularly in Malta for high net worth
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We are delighted to announce that Novia Global, a new platform provider for international intermediaries, have selected Dominion Fiduciary Services (Malta) Limited to act as the Trustee and Administrator for the Novia Global Retirement Plan. Dominion were chosen following a rigorous due diligence process undertaken by Novia Global. Bill Vasileff, CEO of Novia Global commented
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The new Dominion Client Portal is now live, we have redeveloped the Portal to improve the security, and also made it compatible on mobile devices. Our clients are now able to directly manage their investment and foreign exchange trade recommendations through the portal in a secure and user-friendly way. IT Director, John Doublard says of
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