Pensions and Insurance
A comprehensive and practical service
Our team at MannBenham combines in-depth industry knowledge with multi-disciplinary legal expertise, to deliver high-quality advice that is tailored to our client’s needs.
The Life Assurance industry has enjoyed exceptional growth both in terms of premium income and in overseas market penetration for many years. Funds under management reached £58.6 billion in 2015 with premium income in excess of £6.5 billion.
The Isle of Man focuses on pragmatic legislative and regulatory policies, with an independent proactive Regulator, the Financial Services Authority, and well-established Policy Holder Protection for long term business in place.
The Life and Pensions industry employs a large experienced, available labour force and low operational costs in a straightforward tax regime.
Particularly relevant to the international business community in this field, the Isle of Man has a large number of International Pension Schemes which has grown strongly and now includes many large multinational names.
Our experienced team has assisted numerous pension and insurance companies in creating their suites of documentation and achieving regulatory and fiscal compliance and with ongoing legal support.