The Isle of Mans pension association has said close cooperation between its public and private sectors and a wait-and-see approach has meant the island has emerged almost unscathed from recent changes to HM Revenue & Customs QROPS list.
The Isle of Man government has expressed disappointment that its 50c pension schemes can no longer be QROPs.
Allied Irish Bank continues to scale down, with plans to close its Isle of Man and Jersey-based operations by the end of 2013.
The Isle of Mans Financial Supervision Commission has issued a warning in relation to Alpha Fund Management, a potentially fraudulent entity claiming to be located on the island.
The Isle of Mans Financial Supervision Commission has issued a warning on Volt Inland Capital, a potentially fraudulent entity which claims to occupy the same address as the regulator.
Dean Waddingham, managing director for the past three years of what is still known to many in the offshore life insurance industry as Clerical Medical International, has joined NFU Mutual, which specialises in providing insurance products to Britains rural communities, as client services manager.
The Isle of Mans pension industry has finally broken its silence on the impending QROPS legislation, releasing a statement which says it has drawn up a number of options to deal with the new rules.
UK proposals to force banks to ring-fence their high-street banking operations from their investment banking arms in order to protect them from possible future banking crises have sparked concerns in the offshore banking industry, over the possible changes that these plans could force on the offshore subsidiaries and branches of British banks.
The Isle of Man government is building its commercial ties with Singapore by opening a representative office in the country’s central business district.
The Isle of Man and Dubai have signed a memorandum of understanding, designed to strengthen business, economic and trade relations between the two countries.
The Isle of Mans Financial Supervision Commission has issued a warning regarding a website which claims to represent The Irish Nationwide Bank.
Members of the Isle of Man business community this month presented to a group of 14 high net worth Chinese entrepreneurs, to raise awareness of the benefits of doing business with the island.
