Deloitte & Touche have set-up a hotline service to help the Jersey finance industry cope with the increasingly complex nature of regulatory and financial reporting standards they must meet. The hotline will provide free advice to the banking, fiduciary business, insurance and retirement benefit scheme sectors, including taxation issues. As well as providing interpretation of local reporting requirements, the hotline will offer advice on best practice standards.
Deloitte & Touche have also announced a survey of local companies as part of a recently initiated review of fiduciary business in the Channel Islands. Partner Peter Beamish said that against a background of the increasing pace and complexity of regulatory compliance "there is relatively little publicly available information on the size and profile of fiduciary business".
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