Although McGregor made his name developing tax planning trusts in the Cayman Islands, helping clients avoid punitive UK tax provisions, he also published a seminal work on UK personal injury law, served as president of the Harvard Law Association for twenty years, was Warden of New College Oxford for more than a decade, regularly shared his love of music with others by performing the work of Noel Coward and Cole Porter at private parties, and he was appointed CBE in 2014 for his services to law and education.
But it is perhaps for his wealth management work in the Cayman Islands that McGregor will best be remembered. Today the British Overseas Territory generates $1.2 billion of its GDP through the financial services industry while it is also rated by HSBC as the friendliest destination in the world for expats. Indeed, it is the only place in the world with more registered companies than inhabitants.
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The minutes have been published for October’s Financial Conduct Authority board meeting* in which the organisation discussed, among other regulatory matters, pension losses and the kinds of situations that might arise in the event of a future economic instability.
A lot of my discussions with clients when I first meet them is about their investment experience in the past. Many express wariness of investing in funds, having been unfortunate with their previous decisions. This is the problem with