An important aspect of any retirement benefit scheme is the ability to establish an appropriate investment solution and select a suitable investment manager. Isle of Man insurance and pension providers are able to provide access to a wide range of cost-effective investment links including collective fund groups and individual managed investment portfolios. The Isle of Man is the location of choice for many global fund management groups.
Whenever companies deal internationally, banking services will form a key part of any effective solution. It is therefore important to have access to world-class expertise and solutions efficient in the international arena. With many international banking groups represented on the Isle of Man, the Island can provide a full range of corporate banking services.
The Isle of Man’s legal sector includes international law practices that have a long reputation for providing quality legal services and innovative legal solutions. Specifically, they can provide experienced specialist advice relating to the provision of scheme governance such as bespoke trust documentation and scheme rules, to provide employer and employee protection and to reflect the requirements of the Isle of Man pensions regulations.
One of the requirements of the Retirement Benefits (International Schemes) Regulations 2001 is that scheme accounts need to be prepared and audited each year. Working with pensions providers, many international accountancy groups are represented on the Island, and can provide a full range of accountancy and financial services.