Isle of Man confident on pension strategy

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The Isle of Man's pension industry is emphatic that it will emerge "almost unscathed" from the recently imposed changes to the UK's list of approved QROPS.

Earlier this month, a number of IoM schemes, written under the Island's Section 50C legislation, were removed from the UK list. But the reaction teh Association of Pension Scheme Providers (APSP) received from its members has been encouraging as Chair Stuart Clifford confirms. "Of course, there was some disappointment at the apparent curtailment of a development opportunity but very few, if any, of our members are reliant on international QROPS for a living.  Schemes written under our 1989 Act are still all there on the HMRC list and we have one of the best regulated pension environments in...

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