Isle Of Man
Best Practice | 27 Jul 16
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.
Tax & Regulation | 22 Jul 16
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.
Investment | 14 Jul 16
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.
Offshore Bonds | 1 Jul 16
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.
United Kingdom | 27 Jun 16
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.