Isle of Man claims awards

Isle of Man

Companies from the Isle of Man have beaten strong competition to emerge as the big winners in the International Fund and Product Awards.

Isle of Man companies won eight out of 14 categories, two of the bigger wins including Best International Bank Best International Life Group UK.

The awards, which have reached 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, spoke highly of the awards, claiming that a win “demonstrated the number of companies in the Isle of Man who are recognised as leaders in their sector”.

This year a new category was debuted for Qualifying Recognised Overseas Pension Schemes or QROPS, with a technical innovation award given to Boal and Co for their trinity pension scheme.

Unfortunately for the Isle of Man they did not win perhaps the most sought after accolade- Best International Finance Centre as this category was claimed by Jersey.

Steven Beevers, head of financial services within the Isle of Man said he was "very pleased” with the wins that show the Isle of Man has: “now reached a degree of maturity which mean companies operate in a very well regulated environment.”