By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “embed climate and nature risks into existing risk management frameworks.” As climate change and nature loss increasingly shape the global financial landscape, the Isle of Man Financial Service Authority (IOM FSA) has issued a comprehensive guidance document aimed at regulated firms, encouraging them to review their risk management strategies to… Read More »
By Amber Buckingham at BWCI amber.buckingham@bwcigroup.com “there may be changes in circumstances” The trust industry is a well-established part of the finance sector in the Channel Islands. Administered by trustees, a trust provides legal separation and protection of its assets from the settlor’s¹ other assets, whilst still enabling the settlor to specify how the trust’s assets… Read More »
“we were still seeing some deaths involving Covid 19 in 2024” A look back at 2024 The headline message is that overall mortality rates observed in England & Wales during 2024 were the lowest on record. They were just slightly below the previous lows observed in 2019, the last year before Covid 19 had such… Read More »
“the proposals go much further than initially anticipated” Back in 2018 the Isle of Man Financial Services Authority (IOMFSA) published a discussion document inviting feedback on its intention to enhance the regulatory framework for private pensions and their providers. It received 9 responses and published the feedback document in the second half of 2018, with… Read More »
“This mind-set change is most definitely now happening” My article in issue 4 2023 of Bandwagon “Pension surpluses – what now?” ended with the following thought: “Ultimately a mind-set change may be warranted, as we move from an environment where schemes presented seemingly ever-growing liabilities, as yields fell, to one where they present opportunities to… Read More »