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Isle of Man Finance to open City office

Isle of Man Treasury, in collaboration with Isle of Man Finance is opening its first-ever off-island office space in the City.

The new office at 1 Cornhill will be used as a base of operations for the island’s finance and business community and to encourage stronger links with the City and therefore Europe.

The operation will be managed by Isle of Man Finance, the division of the Treasury responsible for the development and promotion of the Island as a centre for financial services.

Treasury Minister Allan Bell says: “This new facility will provide Isle of Man businesses with a permanent base in the City from which to conduct business. The continued growth and development of the island as a premium international business centre demands a stronger presence in London, through which so much of our business flows.”


LibDems switch to earnings- linked pension rise

The LibDems have revised their pension policy with a switch from increases linked to earnings rather than prices. The revised proposals for pension reform include raising the state pension age to 67 to help pay for extending their citizen’s pension to all pensioners rather than just people over 75. The LibDems would also scrap the […]

Critical change as L&G opts to publish claim data

Legal & General has respon- ded to IFA pressure and will publish its critical-illness insurance claim statistics in line with the rest of the industry. The firm believes figures from different life office cannot be compared on a like-for-like basis. It says that several factors influence claims being tur- ned down such as the per- […]

Protecting long-term savings from short-term policy

By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]


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