A planned new code of conduct governing how Isle of Man-based insurers do business is likely to urge firms to only operate in regions where they are appropriately licensed, according to a highly placed industry source.
The Qrops Bureau has brought on board a fellow of the Institute of Actuaries to bolster the firm’s expertise as it grows its international pensions advisory business.
The Isle of Man is set to be removed from a tax haven blacklist of jurisdictions established by Spain in 2006, after the crown dependency revived its ‘redundant’ bilateral tax agreement strategy.
Following regulatory approval from the Isle of Man and Hong Kong, RL360 Group has completed its acquisition of Clerical Medical International Insurance Company (CMI) for an undisclosed sum.
Isle of Man chief minister Allan Bell has predicted that George Osborne will struggle to raise the additional £5bn a year from clamping down further on tax avoidance and evasion, identified as a new target in the UK Government’s Autumn Statement.
There is a “race to the bottom” when it comes to investor visa schemes in Europe, but the high net worth strategy manager for the Isle of Man Government argued that the island’s immigration program is an attractive option for investors.
Isle of Man-based life assurance company Hansard International announced Tuesday that it has added two Guinness Asset Management Funds to its internal unit fund range.
Gary Boal, entrepreneur and founder of Boal & Co, has passed away suddenly, the international pension trustee firm announced on Monday.
A year after it was announced, the Isle of Man’s three main financial regulatory bodies will merge on 1 November 2015, creating the Isle of Man Financial Services Authority (IoMFSA).
A tax avoidance scheme which exploited the UK’s double-taxation agreement with the Isle of Man has been defeated by HM Revenue & Customs.
Fund administrator Abacus has appointed Paul Watterson as its Malta chief executive as focuses efforts on new business acquisition and growth.
Standard Bank has promoted Jonathan Peake to chief financial officer, handing him responsibility for the finance and treasury teams across its offshore businesses in Jersey, Isle of Man and Mauritius.
