Gary Boal tells Helen Morrissey about the launch of two innovative schemes allowing investors to benefit from the favourable tax environment offered by the Isle of Man
What are the key features of these products? The schemes are formed by an Isle of Man (IoM) personal pension master trust, under which there are individual arrangements for each member. The schemes are administered and designed by Boal & Co which is registered as a professional schemes administrator with the IPA - the pensions regulator in IoM, and already administers in excess of £200m of IoM pension schemes. There are initially two schemes: one invests in pooled funds via insurance bonds (typically offshore bonds, which provide gross roll-up); the other invests in high interest bank a...
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