Isle Of Man
JTC adds Isle of Man presence with Merril Lynch acquisition
Jersey-headquartered JTC Group has acquired Merrill Lynch Wealth Management’s International Trust and Wealth Structuring (ITWS) business, which provides the administration of trust services for the firm’s international advisory clients.
Best Practice | 23 May 17
Isle of Man regulator takes action to stem fund failures
The Isle of Man financial regulator is to crack down on collective investment funds by setting out “effective” guidance rules to “safeguard the reputation of the island”.
Best Practice | 9 May 17
IoM eases pressure on life cos over commission disclosure
International insurance companies headquartered on the Isle of Man will only have to spell out to customers how much commission they will have to pay to intermediaries over the life of the product at the end of the sales process.
Best Practice | 4 May 17
Guernsey overhauls pension framework to match int’l standards
Guernsey has announced plans to overhaul its regulatory regime for pension product providers to bring it closer in line with the current international best practice standards.
Tax & Regulation | 4 May 17
IoM regulator to publish members’ conflicts of interest
The Isle of Man Financial Services Authority will publish a register of its members’ possible conflicts of interest and draw up a code of conduct on the disclosure and management of its members’ interests.