UK robo-advice financially unviable, warns investment firm SCM
UK robo-advisers are ‘wired’ to lose money and most will go bust before acquiring the sizeable assets under management needed to survive, a scathing new report has warned.
Search Results for: Isle of Man financial services authority
Isle of Man offers new banking licences to trusts and HNWs
The Isle of Man has begun accepting applications for a new banking licence aimed at non-retail deposit takers, which can be issued to high net worth individuals or new business startups.
Isle of Man opens the door to crowdfunding platforms
The Isle of Man has introduced new legislation to regulate crowdfunding platforms in a bid to attract more of the peer-to peer lending startups to the island.
IoM set for single financial services regulator
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).
Isle of Man to facilitate insurance-linked deals
The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.