SMP Partners granted Jersey licence
SMP Partners, the Isle of Man-based international corporate and trust service provider, has been granted a licence by the Jersey Financial Services Commission (JFSC) and opened an office on the island.
SMP Partners, the Isle of Man-based international corporate and trust service provider, has been granted a licence by the Jersey Financial Services Commission (JFSC) and opened an office on the island.
Life companies based on the Isle of Man will have to disclose client commission worldwide from January 2019, the head of the Isle of Man Financial Services Authority (IoMFSA) has confirmed.
MitonOptimal International, the Guernsey-headquartered investment management group, has merged with Isle of Man-based investment advisory business, Blythe Financial.
Portugal’s government has removed Jersey, Isle of Man and Uruguay from its latest blacklist of jurisdictions.
Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.
Isle of Man-based Charles Taylor has agreed to buy one of Zurich’s closed book of international life assurance business as well as Allied Dunbar International Fund Managers.
Life companies were the most complained about financial services providers on the Isle of Man last year, according to figures released by the island’s Financial Services Ombudsman.
Zurich has made two senior appointments as group chief executive Mario Grecco continues building his team. Wren Sterling has named an ex-Aviva man as its new chief executive, while the Isle of Man Financial Services Authority has announced four senior people moves.
The UK government is fighting to keep Guernsey, Jersey and other British overseas territories off the EU’s planned blacklist of offshore tax havens.
The Isle of Man’s government has launched a consultation on a draft version of its proposed beneficial ownership bill in line with an agreement it made with the UK in April.
Chief ministers of Jersey, Guernsey and the Isle of Man have held the first in a series of meetings with the UK government aimed at setting out their interests in the Brexit negotiations with the European Union.
After the acquisition of Axa Isle of Man paved the way for a headline-grabbing rebrand as Utmost Wealth Solutions, head of proposition Simon Willoughby talks exclusively to International Adviser about how the 25-year-old international life company was forced to go back to the drawing board and focus on what it does best.