Isle Of Man
Canada Life International targets wider market
The portfolio bonds from Canada Life International (CLI) have halved the minimum single and additional investment amounts and increased the maximum age of the youngest life assured by 10 years.
Sales hit possible for IoM life cos when fee disclosure starts
Isle of Man life companies are already planning for a possible sales dip as major changes for IFAs are expected when worldwide commission disclosure is introduced in January 2019, a top industry player has warned.
Utmost offers redemption option on Irish offshore bonds
Utmost Wealth Solutions has announced the launch of a capital redemption option for its range of Dublin-based offshore bonds.
Clive Baker departs in shake up at Zurich Int’l Life
After five years as chief executive of Zurich International Life based on the Isle of Man, Clive Baker has “decided to move on to new opportunities”, the company has confirmed to International Adviser.
IoM court hands liquidator more powers after Eco Fund failure
In a significant departure from its historic position, an Isle of Man court has given liquidators greater scope than simply winding up a company’s affairs and enabled them to consider whether restructuring or refinancing proposals are worth pursuing.