Finance Isle of Man is responsible for the shared vision and strategy for the Island’s financial services industries and the Isle of Man as an international finance centre of excellence.
As a successful and well-established industry on the Isle of Man, the financial sector is represented by more than 20 industry groups and organisations. These provide skills and training, seminars, networking and community engagement initiatives. They also liaise with the Isle of Man Government on matters of importance to the finance sector. The Island’s significant financial and professional services industry, ensure the Isle of Man's continued recognition as an International Finance Centre of Excellence.
Our regulator is the Isle of Man Financial Services Authority, highly regarded internationally for it's exceptionally high standards and recognised by the International Monetary Fund as a well-regulated Finance Centre of Excellence.
The Association of Corporate Service Providers (ACSP) member firms provide a comprehensive range of professional corporate and fiduciary services. We also have associate members drawn from the full range of financial and professional service firms on the Isle of Man.
The ACSP came into being to represent the industry regarding the shaping of new legislation. There is little doubt that the Association had a significant influence on the final content of the regulations.
Visit the ACSP website to view members.
The Isle of Man Captive Association (IOMCA) is an organisation dedicated to the progression and development of insurance management companies on the Isle of Man. Its membership supports and advances a set of guiding principles that each member company can benefit from.
In particular, the Association's continuous dialogue and support from Government and regulator ensures that the Island' unique offshore jurisdiction and quality of financial services is not only maintained but enhanced.
Visit the IOMCA website to view members.
The MIA represents all authorised life assurance companies on the Island.
The Isle of Man has been extremely successful in attracting many major international companies to establish life assurance operations on the Island. Its life assurance industry is without doubt the best developed of any offshore centre and is now one of the major employers on the Island.
All companies share a common objective of providing appropriate financial planning solutions whether it be straightforward investment on a regular saving or lump sum basis, saving for retirement, life assurance protection or a tailor-made personalised investment portfolio.
Originally marketing largely to the retired or working British expatriate, MIA member companies now deal with expatriates of other countries and local nationals around the world. Generally clients are high net worth individuals or high earners who are attracted to offshore life assurance based investments for the following reasons:
Member companies are regulated by the Isle of Man Financial Services Authority (IOMFSA).
The Isle of Man Bankers Association is the trade association of the Banking industry in the Isle of Man. Membership is open to and encouraged for all licensed banking institutions on the island. The current membership of licensed financial institutions is drawn from a spectrum of Banks on the island including clearing banks, building societies, private banks and trust banking operations.
The principal objective of the Association is to represent the interests of the industry and licence holders on the Isle of Man. It provides a forum to discuss and debate issues affecting the industry from regulation to new technology, with a view to creating a consensus of opinion which enables the Association to provide valuable and constructive input to a variety of representative bodies.
The IOMBA has regular forums for consultation with Government, the Financial Supervision Commission, the Institute of Financial Services and the Banking Associations of Jersey and Guernsey, as well as a healthy dialogue with other professional trade associations on the island.
Visit the IOMBA website for full member details.
The Isle of Man Association of Pension Scheme Providers (APSP) was established to represent pension companies and related service providers based on the Isle of Man.
The APSP main objectives are to:
If you're looking for pension scheme providers, visit the Isle of Man APSP website for full member details.
The Isle of Man Wealth and Funds Services Association membership spans the whole spectrum of the Island's wealth and fund services community, including fund managers and administrators, corporate service providers, stockbrokers, wealth, asset and investment managers, life assurance companies, banks, accountants, tax advisors and lawyers.
Together we form a unique industry wide body with a powerful voice to consult with government and regulators for the benefit of our industry. This also allows us to form a positive working relationship with the government for the promotion of our industry and today we work closely with the Department for Enterprise to promote the Island and its services.
For full membership details visit the Isle of Man Wealth & Funds Services Association Website.
The Isle of Man Law Society works with its Members, the Courts and all branches of Government to ensure that the Manx bar is fully supported in its work and appropriately regulated as a profession, for the benefit of the public the profession and the jurisdiction.
STEP Isle of Man is an extremely active branch and hosts continual professional development events throughout the year.
The STEP annual conference is always well attended and comprises a full day of topical presentations from industry leaders from both on- and off-island.
The Isle of Man Branch has various Sub-Committees (Technical & Policy, Education and PR); members' review and provides input on relevant new legislation, educational and training matters and local publicity. Members of the Branch Committee also sit on a number of STEP Worldwide boards and committees, contributing to the ongoing development of the Society’s aims and objectives.
STEP Isle of Man has a designated Student Liaison Officer who is available to answer any queries that may arise during the course of a student’s period of study.
The Branch Committee maintain close relations with other professional associations such as The Association of Corporate Service Providers, IOM Law Society and Local Government.