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Bank of Ireland Fsharp joins eIOM

Claiming to be the world&#39s first offshore internet bank, Bank of Ireland Fsharp is about to join the Isle of Man&#39s e-commerce business development initiative,

Internet service provider Domicilium and international offshore e-business solutions company PDMS are also joining eIOM which was set up in 1999 to encourage internet business to locate on the island.


Mercantile Building Society – Product 85i

Thursday, 18 October 2001.Fixed term: Until October 1, 2003.Fixed rate: Loans up to 80 per cent of valuation – 4.99 per cent, 81-95 per cent – 5.24 per cent.Minimum loan: £25,000.Maximum loan: North-east England, up to 95 per cent of valuation subject to a maximum of £250,000, rest of UK up to 75 per cent […]

Close to the hedge

NIB International is adding to the hedge fund market with its optimum return fund.The fund is an Oeic based in the Isle of Man. It is aimed at two types of investor. The first is the experienced, sophisticated high-net-worth investor with at least $25,000 to invest and who is comfortable with a high-risk investment. The […]

FSA guidance on treating windfalls

The FSA is issuing guidance on how windfalls should be treated in the pension review and when handling mortgage endowment complaints.The guidance follows a High Court ruling earlier this year in the case of Needler Financial Services and Taber, which said windfalls from life office demutualisations should not be taken into account when assessing compensation.This […]

A busy year ahead for the FSA

As N2 approaches, the industry is wondering aloud what this monolithic creation it is paying for will do to keep itself busy once its birthday celebrations are over.After all, FSA spokespersons are constantly espousing the new attitude towards regulation they plan to adopt which will see fewer company visits and a less prescriptive approach to […]


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