• paul posted an update 11 years ago

    Re Barclays IHT AVOIDANCE.

    Clearly Mr Morley knew what Barclays were doing . This Q and A interview is found on http://www.trustnet .com

    David Morley, fund manager, Crystal Asset Management

    Q: What was the motivation behind setting up firstly the equity Sequoia Balanced Fund?

    A: “That was primarily to manage an inheritance tax mitigation scheme for Barclays in Spain, which is where I am based too. I was based in Jersey for 16 years and we needed a very low risk balanced fund for the purpose of the scheme.”