It transpires that my UK resident and domiciled individual client set up a trust in the Channel Islands through the subsidiary of a UK bank in the early 1990s. No one now seems able to explain the rationale behind the trust's creation — certainly not my client. Cash of some £2 million was settled, most of which has been earning interest on deposit.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.