Tax deferral sets the pace for life assurers
Article Abstract:
Life insurance companies have performed well in the Isle of Man during the 1990s. Advantages include a skilled work force and low costs. The market is performing well in contrast with the sector in the UK. Some UK residents use tax deferral advantages of the Isle of Man, in addition to tax planning and trust potential of this offshore center. This is likely to increase prior to the UK's next national election. Isle of Man insurers also operate internationally away from the UK.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Global stockbroking by the seaside
Article Abstract:
Seven stockbroking companies operate in the Isle of Man, and they include City and International Securities and RL Stott. The Isle of Man is part of a mutual assistance pact with the UK Securities and Futures Authority (SFA), together with Guernsey and Jersey. The SFA carries out compliance visits to island brokers, but the service is scheduled to end. Regulatory activity is to be outsourced and carried out by KPMG, an arrangement approved of by the London Stock Exchange.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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