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Success at ICSA Guernsey Awards

PRAXISIFM’S company secretarial team secured a hat-trick of awards at this year’s prestigious ICSA Annual Awards Dinner on Friday 9 November. The awards celebrate the achievements of ICSA students and members during the year. All three award winners are part of Praxis Fund Services’ (PFS) company secretarial team. Company Secretary...

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PraxisIFM launches dedicated Funds division in Jersey

The expansion of our well-established Jersey office follows 12% organic revenue growth across the Group’s established funds division during the last financial year, and reflects the ongoing attraction of Jersey’s fund sector. PraxisIFM has been providing trust services to corporate and private clients since 1972, and employs more than 70 staff...

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Jersey Funds team provides Gaspe House deal corporate services

Praxis Fund Services in Jersey provided corporate services for the purchase of Gaspe House by Seaton Place Limited. The deal has been described as the largest single asset commercial office acquisition in the Channel Islands. Completed in 2016, Gaspé House is a Grade A office building in central St Helier with more...

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UK Budget summary for Private Clients

With the final stages of Brexit negotiations underway, opinion was divided as to whether Philip Hammond would use the Budget to make any significant economic or political announcements. Paul Blackwell and Sandra Francis, Trust Tax Manager, review the implications. In the event, only a few policy statements were made which...

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Criminology student awarded bursary

Former Guernsey Grammar School student Isabel Ives has been awarded PraxisIFM’s 2018 Graduate Bursary. The Group’s bursary students are guaranteed employment within each of the Guernsey office’s Trust, Fund and Pensions divisions, gaining exposure to a wide range of tasks. Group Head of Human Resources, Sharon Coburn, said that this year’s...

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Trust Exit Tax: Update due

Ahead of the UK Autumn Budget on Monday, Assistant Trust Manager Migle Virbalaite looks back at the judgement made by the European Court of Justice (CJEU) on the Panayi case and outlines the Exit Tax payment plan proposal. In a judgement of the Panayi case (Case C-646/15) delivered last year, the...

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PraxisIFM involved in record investment trust IPO

PraxisIFM has been appointed as Company Secretary to Smithson Investment Trust, which successfully raised a record £822m in its recent initial public offering (IPO). Smithson is managed by Fundsmith LLP and its investment objective is to provide shareholders with long term growth through exposure to a diversified portfolio of shares...

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Trireme wins pensions award

Trireme Pensions Services’ ground-breaking international pension product has received major recognition. Developed by Trireme and designed specifically for the internationally mobile expatriate community, the retirement plans were the first contract-based pensions to be launched in Malta. The product was designed and developed by Trireme’s development teams in Guernsey and Malta,...

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LSE and PraxisIFM in US initiative

US FUND managers looking to launch investment funds in the UK have attended two recent PraxisIFM-supported Stateside seminars. The London Stock Exchange (LSE) seminars attracted more than 100 fund managers, advisors and market participants in Boston and New York on 11 and 12 September, respectively. Topics covered included an overview...

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PraxisIFM supports Guernsey rugby

PraxisIFM is supporting the development of rugby in Guernsey during the 2018/9 season. Our sponsorship of Guernsey Raiders will help the long-term development of rugby in the island in two ways: We are delighted to support the men’s first team – Guernsey Raiders – in their inaugural season in the RFU...

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