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International
Pension Plans

Isle of Man for Pensions.

Creating a secure future.

The Isle of Man is a premium jurisdiction for establishing and managing international pensions and savings arrangements.

Whether you are an organisation structuring a benefit plan for your employees or an individual saver, you will find an impressive array of professional pension administrators boasting a deep talent pool to service all your pension and savings needs. This, combined with a long-established, gold-standard legal and regulatory infrastructure delivers the optimum long-term savings proposition for expatriates and the internationally mobile.

What's the plan?

Our professional pension companies have accumulated many decades of experience in delivering a range of pension solutions for international clients, both off-the-shelf and bespoke. Mostly, these fall into one of the following categories.

Group Pension Plans

For employees of companies, affiliation groups and NGOs. The timing and delivery of benefits and contributions, as well as management of investments and currencies, can be tailored according to an international organisation’s own blueprint.

Personal Pension Plans

For individuals who prefer, or need, to make their own pension arrangements, a wide range of product propositions exist on the Isle of Man, with high levels of flexibility and security built in.

Gratuity/Reward Plans

The Isle of Man’s regulatory and tax system allows for long-term reward and incentive planning to be incorporated into a pension structure. Examples include end of service gratuities and bespoke executive reward schemes.

Why the Isle of Man is the natural choice for international pension plans.

The facts

The Isle of Man international pensions industry has been leading the way for many years and the facts demonstrate a strong, resilient sector with a powerful market presence.

20+

The Isle of Man’s dedicated pensions regulations, coupled with complementary tax legislation, has been in place for more than 20 years.

1000+

The Isle of Man is home to well over 1,000 retirement benefit schemes of which more than 150 are international pension plans.

£11bn+

Isle of Man pension arrangements boast assets in excess of £11 billion.

48

We have 48 regulated retirement benefit schemes administrators, of which 29 are independent professional schemes administrators.

63%

The Willis Towers Watson International Pension Plan Survey 2020 shows that the Isle of Man established 63% of the new schemes surveyed in the last 5 years, the top ranking by some distance.

Want to know more International Pension Plans in the Isle of Man? Download our key messages document.

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Providing expertise for the road ahead

Pension administration is a significant responsibility, requiring expertise, talent and support. The Isle of Man’s pensions sector is a highly-developed ecosystem which meets these demands and provides the utmost confidence for pension members and employers alike.

The Isle of Man Association of Pension Scheme Providers (APSP) is the trade association representing the interests of all stakeholders – practitioners, clients, government and regulator. As well as professional schemes administrators, vital support functions – such as banking, legal, accounting and advisory – collaborate to continually evolve the proposition.

Our regulator is the Financial Services Authority, highly regarded internationally for its gold-standard oversight of pensions and savings provision.

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Why the Isle of Man?

The Isle of Man is a proven leader amongst jurisdictions for international pensions and savings. We uniquely combine the traditional values of governance, security and stability with a passion to innovate and develop the international pensions and savings landscape.

Pension schemes and their providers are separately regulated and every scheme must be independently audited annually. All schemes are also governed by tax legislation. This multi-layered governance framework is second-to-none.

Trustees are subject to long-established Isle of Man trust law and asset protection is embedded in the legal system too. Security is core to our international pension proposition.

Our pension providers operate on a truly global scale and many of our schemes service multi-thousand, cross-border memberships. Ours is a sophisticated international pension offering.

Our pensions industry operates in a flexible, collaborative and supportive environment across the public and private sector, always seeking out ways to improve and innovate and to facilitate positive change.

The Isle of Man has been awarded ‘Best International Finance Centre’ by International Investment Magazine in 3 out of the last 4 years.

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News & Views

simonP doehle 08

Simon Pickering
Head of Insurance & Pensions,
Finance Isle of Man

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