New brand revealed as Axa Isle of Man sale completes
Axa Wealth International on the Isle of Man has been rebranded following its acquisition by Life Company Consolidation Group (LCCG) in April 2016.
Isle Of Man
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Woodford launches offshore feeder fund
Woodford Investment Management is launching an offshore feeder fund for the CF Woodford Equity Income fund, offering investors outside the UK an opportunity to invest in high profile fund manager Neil Woodford’s investment strategy.
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IoM issues second consultation on insurance amendment bill
The Isle of Man regulator has launched a second consultation on changes to the Insurance Act in response to the feedback during the initial consultation carried out at the end of 2015.
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Insights into new regulations in S.Africa, UAE, and Isle of Man
How will new mutual fund regulation in the UAE impact on portfolio bonds and unit-linked funds?
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Isle of Man hits out at ‘political’ EU blacklist of tax havens
Isle of Man chief minister Allan Bell has questioned plans by the European Commission to create a blacklist of non-EU tax regimes, branding the move as more to do with the “internal politics of Brussels” than greater transparency.
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Hansard Global: an unusual life company
Group chief executive Gordon Marr explains what makes Hansard Global unusual, how its new strategy is developing and the life firm’s plans for the future.
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IoM plans to enforce full commission disclosure worldwide
The Isle of Man regulator has announced plans to make it mandatory for international life companies based on the island to disclose to retail customers all commissions being paid to their financial adviser.
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Isle of Man approves new Alternative Banking Regime
The Isle of Man parliament has passed the laws which will establish a new Alternative Banking Regime (ABR) allowing two additional types of banking licences to be offered on the island.
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New Earth funds to be wound up
The high court of justice of the Isle of Man has granted a wind-up application for three unregulated funds, known collectively as the New Earth Group of Funds.
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Isle of Man cuts probate charges on life assurance policies
The Isle of Man has slashed its probate charges for non-resident applications where the only asset is a life assurance policy issued by one of the island’s insurance companies.
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No change for crown dependencies’ financial services sectors
The financial services sectors of Jersey, Guernsey, and the Isle of Man should see little, if any, change following the UK’s decision to leave the European Union.
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Brexit: the international reaction
The UK narrowly voted on Thursday (52:48) to leave the European Union, an unprecedented move with an unclear outcome. What follows will undoubtedly be at least two years of uncertainty, but how will the offshore financial centres fare?