But according to researchers International Financial Services London (IFSL), the share of global wealth in offshore funds, compared to onshore, is expected to decline, from 6.
% this year to 6.
% in 2011.
br>IFSL, who describe themselves as ‘the only independent cross-sectoral organisation representing the UK financial services industry’, estimate that of the global offshore centres Luxembourg holds the largest value of bank deposits and portfolio investments ($2,350 billion in 2006) followed by the Caribbean, Switzerland, the UK offshore islands (including Jersey, Guernsey and the Isle of Man), Hong Kong and Singapore.
