A Force for Good

At almost 60 years old, the industry continues to evolve and create an even more positive impact on the future. So, when asked about the industry, be proud and take the time to reflect on the many reasons why it acts as a force for good that positively contributes to our unique Island.

Jersey’s international finance centre is a force for good, helping to create jobs, championing cross border flows and improving the lives of ordinary people.

Scroll down and discover real-life stories from people and companies in our international finance centre who are helping to make a difference and drive change in our Island and further afield. To read the full stories, please click here.

What is a tax haven?

Jersey is not a tax haven. A tax haven is a secretive, poorly regulated finance centre that tolerates financial crime and has little transparency. What Jersey’s finance centre does is not secret; being one of the best-regulated finance centres in the world. What’s more, it is a criminal offence to facilitate or engage in tax evasion in Jersey and it has been this way since 1999.

We are a tax neutral jurisdiction

Being tax neutral means we do not add another layer of tax to investors. By law, investors here report their tax affairs to their home country and Jersey’s industry, by law, reports financial activity to around 100 countries. This ensures the right amount of tax is being paid.

Proud of our workforce

Almost 14,000 people work in our industry. We proudly support both the prosperity of Jersey and global communities. Finance industry workers also support a range of community and charity-based initiatives that run all year round.

The Power of People

 

Giving back to the community ›

Suzy Webb Lead Project Manager, Transformation & Engineering, Lloyds Bank Corporate Markets, had to self-isolate on her return from Sri Lanka with her son, seeing first-hand the kindness of others who delivered her groceries.

In return, Suzy wanted to give something back to the community so as soon as she was out of isolation she reached out to Caring Cooks in Jersey and has been volunteering ever since delivering food for their Community Meal Service.

Motherhood campaign ambassador gains global recognition ›

This year Joana Cerqueira from leading offshore law firm Mourant was shortlisted in the 2020 Inspirational Women of the Year Award at the Jersey Women’s Refuge International Women’s Day Annual Breakfast.

Joana is recognised for her active support of Positive Birth Jersey’s island-wide Motherhood campaign, with Sophie Darwin Photography, for promoting body positivity among mums.

Supporting Age UK ›

Every Thursday morning at eleven o’clock Richard Thomas, Relationship Director, Santander makes a phone call. It doesn’t matter where he is in the world, or even whether he is on holiday. He knows the voice at the other end is expecting him.

Richard began calling ‘Doreen’ over three years ago as part of a partnership between Santander and Age UK.

Faces of the Future
A positive work-life balance ›

At the heart of Forward Group lies its’ core values, focussed on its people, their development, retention and achieving a positive work-life balance. These beliefs are central to its success and has attracted talented individuals like, Daryl Blondel.

Daryl has 10 years’ experience in fiduciary services. Outside of work Daryl focusses his well-being and fitness, completing numerous marathons.

A next generation partner ›

In 2020, Legal 500 UK listed corporate partner Richard Daggett as a ‘next generation partner’ and he is noted elsewhere in independent directories as ‘responsive, logical and commercial.’ Richard, among other senior fee-earners at Ogier qualified under the firm’s trainee solicitor programme and he is now Training Principal for Ogier and in charge of the training contract scheme.

Ogier is one of the few Channel Island firms to operate a structured England and Wales programme.

A people's person ›

Just a year after starting work with Santander International, Ryan Williams, Senior HR Assistant has become a role model for young professionals in banking, championing improvements in employee welfare and providing support for candidates and members of staff alike.

Outside work, Ryan is active in the arts and volunteers with Jersey DIPS, helping adults with disabilities improve their wellbeing through swim therapy.

Making a Difference
Balloons, hedgehogs and Jools Holland ›

Each year, Affinity’s Charity Committee enables staff to select and support two Jersey charities – one environmental, the other social – through both financial aid and volunteered time. As well as being involved with local initiatives like ecoJersey’s beach and countryside clean ups (location of the infamous Jools Holland CD find), in 2020 our chosen charities are Brighter Futures and Jersey Trees for Life.

Supporting Shelter Trust Jersey ›

Fairway Group chose The Shelter Trust Jersey as their charity of choice for 2020 through a colleague vote and quickly found ways to use their specialties to help with the day to day running. The Pensions department has assisted in the charity’s administration while the Finance department has used its industry knowledge to open new funding opportunities.

Focussing on mental health ›

RBC Wealth Management in Jersey is supporting this year’s Mental Health Awareness Week and its theme of ‘kindness’ through a donation of £10,000 to assist with Mind Jersey’s important work during Covid-19. The generous donation is being made as a part of an ongoing commitment by RBC to support the mental health charity throughout 2020.

The contribution from RBC will allow the charity to continue to offer its vital services to the community.

Working for Change
Advocating business sustainability within the Island ›

Dilly Wright, Advocate with leading offshore law firm Mourant, is Chair of IoD Jersey’s Environment Sub-Committee.

“The members of IoD Jersey, their businesses and organisations have an enormous opportunity to change behaviours in our community, and in turn encourage demand for sustainable services and products, increase environment awareness and improve the local economy and environment in Jersey.”

Lean In with Sophie Reguengo ›

Investment Funds & Regulatory lawyer and Ogier partner Sophie Reguengo, is also a founding member of Lean In Jersey, sits on the its committee, and leads the Lean In to Law Jersey Circle to help more women in business achieve senior positions.

“Lean In helps you identify your own path because you can follow a similar route. I think that’s why men are so successful in business; there are more role models, more well-trodden paths and a large network available to them.”

Zedra's Environment Committee ›

Zedra Jersey created an Environment Committee in 2018 aiming to minimise the Zedra Community’s impact on the environment through improved awareness, implementing initiatives and promoting sustainability.

Helping Economies Prosper
Opportunities for communities ›

Sancus is a niche alternative asset backed finance provider, offering short to medium term secured lending to property developers, HNWIs, entrepreneurs and SMEs.

Sancus’ mission is to support the communities in which it operates by providing fast, easy access to funding for Borrowers and offering Co-Funders the opportunity to support the economy whilst participating in a range of risk adjusted lending opportunities, backed by assets and led by an experienced team.

Philanthropic work ›

Whitmill have recently established a trust for an elderly HNW client from the Middle East.

This client and his advisors wanted to set up a structure and gift a substantial sum of money to support the philanthropic work the client had done throughout his life and ensure its continuance after his death.

This case highlights how Jersey’s reputation and good standing with clients and their professional advisors attracts business from around the world; as a premier International finance jurisdiction with world class legislation and legal and judicial systems.

Creating a free co-working space for the Island ›

The world is changing and so is banking. As more and more of us work from home or spend less time in offices, the need for safe places to meet and conduct business is growing.

Santander International’s Work Café is designed to put people back into banking, offering customers the face-to-face service many of us need, providing the Island with a free co-working space and bookable meeting rooms to help local businesses, and giving the community a new, accessible hub.

Part of the Solution
Upskilling the Channel Islands’ workforce for a digital world ›

PwC analysis reveals that around 30% of jobs in Jersey are at risk between now and 2035. If governments, businesses and educators don’t take decisive action now, the jobs that are furloughed or lost in the downturn may never come back. In turn, posts at risk of automation in 5-10 years’ time could disappear much sooner as restructuring and cost saving accelerate in the wake of the pandemic.

With the right skills, agility and readiness to embrace change, Jersey can create thousands of new jobs to make up for the ones that will be lost.

Affinity’s Sustainable Strategy ›

Affinity is the first Jersey company to become a signatory to the UN Global Compact, and a wealth management firm, it is our responsibility to mobilise capital for good. One of our key channels for doing this is Affinity’s Sustainable Strategy. More than ever, companies that provide solutions to the challenges faced – whether this be recycling the plastics on the verge of overwhelming our oceans or addressing the growing social and economic inequalities we see around us – are well placed to perform strongly.

Making contributions to the Arts ›

Whitmill administer an exclusive Charity trust established by a wealthy philanthropist. The trust has substantial assets and makes multiple donations and contributions to the Arts ranging from support to some of the large Opera houses in Europe, to providing scholarships and bursaries to disadvantaged but highly talented dancers from developing nations.  One of the performers previously supported by the trust is now a highly successful International artist, who in turn is now developing the next generation of talent with the help of the trust.

If you are a Member firm and would like to contribute, send us your stories on the positive impact you have made either individually or as part of your a company, both locally and internationally. Submit here.

Proud to be part of Jersey

Jersey Finance is proud to support a range of initiatives that provide better futures for many members of our local community. To find out more about how we partner with our community, click here.

 

Reality Check videos
Jersey - A Better Future for Everyone
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Jersey’s Positive Impact
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Reality Check Jersey, Dispelling the Tax Haven Myth
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IFCs support developing countries
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