Investec Trust To Host Major Debate In London

BY Jason Gorringe, Tax-News.com, London

24 June 2008

High calibre professional speakers will debate the future of trusts at a major London event hosted by Investec Trust, it was announced on Wednesday.

To be held at Investec offices in London on 10th September, the lunch-time event will explore the question: ‘Are Trusts an Endangered Species?’

Investec Trust explained that Tom Dumont of Radcliffe Chambers will argue that trusts are indeed an endangered species, with Richard Pease of Lenz & Staehelin arguing the opposing view. STEP Worldwide Chairman Rosemary Marr of Investec Trust will chair the debate.

The discussion will examine how the increasing regulation and competition between offshore financial centres in the international global marketplace will impact on the trust industry, taking into consideration the tax changes in the UK for non-domiciled individuals, as well as other jurisdictional issues.

The question will be posed as to whether there is room for growth in this global context.

Rosemary Marr concluded:

“This is a challenging and exciting time for the trust sector. There are undeniably obstacles in the path for the industry but perhaps this simply means we must create even more innovative solutions in the future."

“The event is cutting edge and represents some of the most brilliant minds working in the trust sector so I am very much looking forward to hearing what arguments are put forward. I will be certain to ensure no issue will be left unchallenged in the panel debate - it promises to be a very stimulating lunch time.”

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