The Isle of Man this week is passing the Fiduciary Services Bill for regulating trustee services, placing it on a similar footing as Jersey and Guern-sey, which Bell says will stimulate business. The bill is set to become law in July.Bell says two key areas for growth for the Isle of Man will be e-gaming and film finance and production.He says: “Dublin has grown incredibly quickly over the last couple of years, some might say too quickly, raising questions over whether it can cope with its growth. It is very expensive, particularly in terms of labour, and although they have the benefit of being in the EU, there are so many benefits that we can offer above that so there is no real concern.”I am more inclined to see Dublin as a potential partnership opportunity rather than a threat. There is a great synergy between the two locations that we are currently exploring. Isle of Man-based businesses could open a Dub-lin centre and vice versa. It will lead to closer co-operation bet-ween the two although they are obviously a competitor.”
Alpha to Omega chief executive Stewart Wooles says none of the main product providers has the technology systems needed to underpin a multi-tie.
Clerical Medical – Secure Investment Plan 1
Legal & General is launching its next web-based video link aimed at the individual pensions market, encouraging advisers to help clients in advance of A-day. The second in L&Gs series of video links, Driven to Retirement by Adrian Boulding, will have a viewing audience of over 2,500 pension professionals, and focuses on the how financial […]
The Department for Work and Pensions is set to confirm that people can take 25 per cent of their protected rights as tax-free cash in the next few weeks.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]