Sunday, July 10, 2011

IOM wins big at Offshore Awards

Eight out of 14 categories were won by Isle of Man companies, including Best International Life Group UK (Axa Isle of Man) and Best International Bank (Standard Bank Offshore).
The awards, now in their 12th year, aim to recognise the best providers and products in the international investment sector, and are judged by a panel of industry experts.
Allan Bell, the minister for economic development, said that winning the awards “demonstrated the number of companies in the Isle of Man who are recognised as leaders in their sector".
For the first time, a category was introduced for Qualifying Recognised Overseas Pension Schemes or QROPS, with a special award given to Boal and Co for “technical innovation”. Their new "Trinity" scheme was designed to capitalise on recent changes to the Isle of Man's pension regulations, and was praised by the judges as having “helped other providers in the sector”.
The Isle of Man's success at the awards was marred only by the fact that they did not win the award for Best International Finance Centre, which went to Jersey.

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