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Isle of Man ranked ahead of main offshore competitors

The Isle of Man has been ranked ahead of offshore competitors Channel Islands, Cayman Islands and Bermuda in The City of London’s Global Financial Centres Index.

The GFCI report ranked the Isle of Man 21st of the 50 top-rated financial centers.

The Isle of Man says the rankings are based on external benchmarking data and five areas of competitiveness including people, business environment, market access, infrastructure and general competitiveness.

Treasury Minister Allan Bell says: “We are delighted to have been awarded this ranking by The City of London. Not only is it a reflection of our close business ties with London, it is also an excellent endorsement of the Isle of Man’s reputation as the leading offshore financial centre. Our inclusion and ranking in the report are a clear indication of the success of the Isle of Man’s strategy to both maintain and extend the Island’s competitive edge by encouraging inward investment and economic growth.”


Tomorrow slammed after Sipp climbdown

Tomorrow has been slammed by both Sipp providers and advisers for its backtracking over the removal of the Sipp option on its closed book of deferred Sipps.As revealed by Money Marketing last week, the firm issued 20,000 letters to policyholders telling them it would be withdrawing the self-investment option on its closed book of deferred […]

The spotlight is on Norwich Union

I’m sure you’re all eagerly anticipating Chancellor Darling’s Pre-Budget Report, due to be delivered hand in hand with the Comprehensive Spending Review at 3.45pm today, but first take some time out to get on top of this week’s protection news.

Investment matters

There are around 30 funds in the UK retail fund universe that use ‘alpha’ in their name while some reports encompassing offshore funds suggest there have been some 170 such portfolios launched in the last three years. Several more funds about to join the club come from Standard Life Investments, Insight and Schroders. SLI intends […]

Shah plans to use Ucits III powers on special sits

Fidelity UK special situations manager-elect Sanjeev Shah will continue using the wider powers of Ucits III on the fund once Anthony Bolton steps down from fund management in 2008.Speaking at the Fidelity investment forum in London last week, Shah said he has used Ucits III powers on his European mandates in the past and will […]


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