The Isle of Man has developed a well-respected and forward-thinking funds sector which has operated for over 30 years. The Isle of Man prides itself on being able to work closely with client managers and fund investors alike, in many cases providing bespoke services specifically relating to individual funds.
The Isle of Man has a full range of fund options available including overseas schemes from popular fund jurisdictions, fully regulated retail schemes and private funds arrangements (“exempt schemes”) that are not directly subject to regulation. Between these extremes is a range of funds subject to varying degrees of regulation geared to breadth of institutional and complex funds needs:
Funds can be administered in the Isle of Man whether they are domiciled in another jurisdiction or in one of the excellent local products on offer.
The Isle of Man has an excellent reputation with over £18bn of funds under management; well established relationships with prime brokers and a full complement of supporting professional services including fund administrators, legal firms, fiduciaries and custodians, ensure a complete service.
Local regulation and experienced, mature sector staff ensure that you can expect a high quality service to rival anywhere within the global fund industry.
The Island’s functionaries include globally recognisable names and boutique and specialist providers.
The Island’s fund legislation also provides for the flexibility of appointing functions from other jurisdictions deemed to be suitably regulated by the Isle of Man Financial Services Authority.
If you are interested to set up a fund on the Isle of Man please get in touch with the members of the Isle of Man Wealth and Funds Services Association.
Head of Insurance and Pensions for Finance Isle of Man, Simon Pickering, joined by a panel from Ocorian Funds Services (IOM), Apex Group Ltd, and Appleby Isle of Man. The team discussed the Isle of Man as the credible and stable jurisdiction for funds and wealth management during these uncertain times.
Head of Insurance and Pensions
Finance Isle of Man