The Isle of Man is a multi-award winning financial services centre, providing premium investment wealth management, fiduciary and administration services to a global client base. Within this environment, many global organisations have chosen to operate employee benefit solutions for their international talent pools.
International employee benefit provision is evolving rapidly and becoming ever more complex. Parallel to an increasingly global and fragmented workforce is a multiplication in the composition of benefits packages required to attract and retain quality people. As a result, the associated costs and risks are rising rapidly and this is set to continue. We are building an employee benefits ecosystem to meet this challenge for employers.
The core services are here already: retirement, savings, protection products, trusts, wealth management, payroll and professional support services. We are able to harness these so that employers can control costs and apply governance oversight to their international benefit programmes from a single, well-regulated environment in a central time zone.
If you'd like to find out more about the Isle of Man's proposition, please contact Simon Pickering, Head of Insurance and Pensions.