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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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PraxisIFM reports revenue increase

PraxisIFM Group has reported a strong increase in revenue of 21%. Key highlights from the 2018 Annual Results, announced on Thursday 20 September: Revenue up to £42.5m Adjusted EBITDA of £9.9m, up from £9.0m (2017) Significant investment in platform while maintaining gross profit margin Organic growth of 11% Dividend payment...

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New legislation enhances Jersey Fund offering

The introduction of new legislation in Jersey, which will enable the establishment of Limited Liability Companies (LLCs), has been welcomed by Pippa Davidson, Managing Director of Praxis Fund Services in Jersey. ‘This move by the States of Jersey will provide clients with the option to use LLCs, similar to those...

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Pippa Davidson joins list of speakers at key CI conference

  The Channel Islands Funds Forum – ‘Untangling Complexities in Challenging Times’ will take place from 9am – 3pm on Wednesday 26 September at the Hotel de France, St Helier, Jersey. As in previous years, the conference will bring together leading funds practitioners from the CI and beyond to discuss...

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Acquisition of Jeffcote Donnison

PraxisIFM has made its fifth acquisition in a ten-month period with the purchase of Jeffcote Donnison’s (JD) trust and corporate administration business. The deal adds the Isle of Man to the independent financial services Group’s list of global jurisdictions and also extends its existing operations in London and Hong Kong....

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