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"The new regulations will boost Island business"
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Pensions

In 2000 the Isle of Man launched a major pensions initiative to attract business from the world's major multinationals and high net worth individuals.

Retirement Benefit Schemes

The objective of the Insurance and Pensions Authority (IPA) has been to provide a regulatory framework which not only encompasses domestic pension arrangements available to Isle of Man residents, but also provides a broader framework enabling multinational or global businesses to use the Isle of Man as a centre from which to manage retirement benefit schemes for their employees who may reside anywhere in the world.


In order to meet the needs of these two diverse markets the Retirement Benefit Schemes Act 2000 was enacted, and was planned that this will be supplemented by two subsidiary sets of Regulations - one covering International Schemes and one dealing with the local market.

The International Schemes Regulations came into operation on the 1st January 2002. The second set of regulations, which will cover domestic schemes, is being prepared and will be issued as a series as consultation documents.

Pensions Directory

From the links below you can access comprehensive information on the IoM's insurance industry and the services of Ernst & Young:

Pensions

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