Welcome to the IOMA group media centre. This area allows you to access press releases and press articles from IOMA group and its 8 different business divisions.
Last November, a new legislation known as the Foundations Act was passed in Tynwald
4th Quarter 2011 - Investors who sold in May and went away.....
In the current economic climate people are constantly on the lookout for efficiencies, and conventional wisdom dictates that.....
Craig Brown and Alex McNee have been appointed as Managing Directors of IOMA Fiduciary and IOMA Solutions respectively.
The two businesses have reason to celebrate, as they have enjoyed significant success - despite the volatility that has threatened markets since their incorporation.
Mike Batey, formerly the Director of Pensions at IOMA Group, has been appointed to the newly formed role of Director of Life and Pensions.
Island based wealth management firm IOMA Group have teamed up with local law firm Gough Advocates and the Isle of Man Law Society to co-host a well-attended seminar on the implications of the new UK Bribery Act.
It is with pleasure that we can announce that the Isle of Man Ship Registry has just published its annual report for 2010. The Registry has seen extremely impressive results for the year despite the economic downturn, even clenching the fourth fastest growing register in the World!
It has been an unsettling quarter for world markets. The uprisings in Libya, Bahrain and other troubled African and Middle Eastern hotspots, together with the tragic events in Japan, have produced a difficult set of circumstances for investors to analyse and interpret accurately and dispassionately.
Everyone was looking for something different from the UK Budget. George Osborne wanted to make the headlines with some positive uplifting news that may help stimulate consumer sentiment, business and their ratings whilst Messrs Miliband and Balls, increasingly looked like meat starved piranhas knowing lunch was to be served at 12:30 on Wednesday 21st March.
IOMA Group are heavily involved in yachting on the Island, having also sponsored the National 18’ Championships organised by the IoM Yacht Club in 2010.
UK Budget comment reported in the Isle of Man Examiner, 29th March 2011. With comment from Paul Crocker, Senior Investment Manager, IOMA Investment Management.
UK Budget comment from Paul Crocker, Senior Investment Manager, IOMA Investment Management.
It is never easy commenting on a budget given one can get so embroiled in the minutiae of a token tax hike here and tax cut there which in their totality equates to less than a tank full of petrol for an average car over the course of the year.
‘Building the big society’ and the ‘third sector’ are becoming the buzz words of Prime Minister David Cameron’s tenure and vision for the future for UK public services.
IOMA Solutions director Craig Brown comments on the Isle of Man Budget:
The yacht and aircraft industries are constantly evolving. I don’t need to tell you that there can be obstacles to overcome when it comes to the day to day ownership of these assets but owners needn’t despair, help is at hand in the form of a supportive and long established industry on the Isle of Man.
IOMA Solutions presented a workshop regarding Family Business Governance at the prestigious Capital Club, Bahrain Financial Harbour, on 9th November 2010 in conjunction with their Bahraini Alliance Partner, Vanguard.
On 22 October, Tynwald approved a change to Manx pension laws. The changes created a new style of pension plan which does not provide tax relief for contributions but retains tax exemption on investment growth and, importantly, provides tax exemption on pension income in retirement.
IOMA Group continues to expand its’ skills base. In the latest expansion of their services IOMA is pleased to announce the appointment of Lisa Osland to the newly created position of Yacht and Aircraft Manager.
Isle of Man Assurance has announced the launch of a new and innovative Inheritance Tax Plan – The Estate Management Bond (EMB).
IOMA Life will be running a series of inheritance tax planning seminars in September
Isle of Man-based retirement benefits specialist, IOMA Pensions, has launched the Lifestyle Pension (Guernsey) in conjunction with Carey Pension & Benefits Limited.
There are few of us who would not be honoured if asked to become a trustee of charity.
On Tuesday 22 June, George Osborne presented the first budget of the UK’s newly elected coalition government against a backdrop of economic difficulty and uncertainty.
IOMA has announced today that it has agreed to support the National 18’ Class Championship for Isle of Man Yacht Club in the Club’s centenary year.
A generation ago (or so I’m told) the argument for pension provision was compelling and clear.
With the results of the election now in, the UK population faces their first hung parliament since 1974; this is a new experience for two entire generations of voters.
The event took place on Sunday 2nd May with 28 yachts from around the Irish Sea leaving Ramsey Harbour at 13.30 hours.
IOMA Pensions, the retirement solutions specialist in the IOMA Group, has made major enhancements to its product range for both local and international business.
Those familiar with Manx law will know that the Isle of Man is not part of the United Kingdom but is a self governing territory of the British Crown, usually referred to as a Crown Dependency.
A new cost efficient tax service, provided by highly experienced and professionally qualified practitioners, has been unveiled by one of the Isle of Man’s leading independent wealth management companies.
As far as 2010 Budget expectations were concerned, the Isle of Man had similar needs to the UK and that was for a budget which would stimulate UK growth and reduce the fears of a credit downgrade.
Following the appointment of Mike Hodgson, Alex McNee and Paula Coates as directors of IOMA Solutions in January, IOMA group is pleased to announce the strategic appointment of two further directors, Craig Brown and Kevin Renshaw.
This encompasses a range of consultancy services relating to structuring requirements, establishing and administering a vast array of structures including trusts, companies and partnerships to hold both financial and non-financial assets.
This famous misquote was attributed to the Labour leader,”Sunny” Jim Callaghan, before the collapse of the last Labour government in 1979 during the strike-ridden “Winter of Discontent”.
In November last year, the Manx papers published a lighthearted remonstration of the BBC for mistaking the Isle of Man for the Isle of Wight in a morning news broadcast.
The IOMA group is pleased to announce that Mike Hodgson has joined the group as Managing Director of IMPACKT Limited which will trade under the IOMA Solutions banner. In addition, Alex McNee and Paula Coates have joined as Directors.
The board of IOMA Fund Management and IOMA Investment Management have appointed Graham Smith as Executive Director.
Financial services group, IOMA, today launches its striking new corporate identity.
FUNDS at Cronkbourne Bacchanalian Hockey Club have been boosted by IOMA group for the 7th season running.
They do say that good comes out of adversity. It’s a view shared by Nigel Wood, Managing Director of financial services group, IOMA, as he reflects on the economic crises that have beset the Isle of Man over the last 30 years.
With the New Year fast approaching, a few investment predictions are perhaps in order.
Antony Kelsey, Associate Director with IOMA Life explains why whilst you might think you are domiciled in the Isle of Man - the UK revenue department may think differently and you may be liable to pay UK tax at 40%.
In years to come we may celebrate the credit crunch anniversary in a similar way we enjoy 5th November. It may be looked upon as the start of a period which led to much needed banking reform. Less greed as credit becomes more inaccessible. And a return to traditional values in life of saving and controlled consumption.
UK property shares have rebounded by a remarkable 83% since early March 2009 - according to IOMA Fund and Investment Management Limited.
A DIRECTOR from IOMA Investment Management has competed with ‘Team Isle of Man’ in this year’s UK Powerbar Three Peaks Yacht Race.
The Founders of IOMA Group have “Reasons to be Cheerful”. They are not just celebrating the thirtieth anniversary of one of the Isle of Man’s oldest and most significant independent financial services companies, but also acknowledging the pioneering spirit which launched the business.
In years gone by it was usual for you to go to one big insurance company to provide your pension and they did everything from being your pension trustee, to managing your pension investments, to paying out your pension benefits in retirement.
Successive interest rates cuts by the Bank of England have left many savers feeling hard done to. At the turn of the century, base rates stood at 6%. A decade earlier they were nearly 15%. Over the course of the last few months, however, bank rates have been cut back to 0.5% in an attempt by financial authorities to stimulate the economy and prevent recession degenerating into depression.
Before the London G20 meeting on 2nd April, the smart talk on the street appeared to be that tax havens (whatever that might mean) were finished. These smaller nations had, apparently, been major contributors to the malaise in the world’s financial markets and their secrecy laws had, it was boldly claimed, undermined the fiscal efficacy of some of the world’s leading economies. Despite this extraordinary hyperbole, the issue seemed to have gathered political momentum which, many commentators observed, was going to be the killer blow.
Which business idea or concept do you wish you had come up with?
Few would envy the task of our Treasury Minister to balance the books given the extent of the global downturn, however he has managed to do just that without resorting to tax increases or cuts in services. He also appears to have given considerable thought to almost all the key issues.
IOMA Pensions has launched a new and innovative personal pension plan for Isle of Man residents. The Lifestyle Pension (Wrap) Account is a unique concept for local savers and has been designed with security in mind; all the scheme assets are covered under the Island’s Policy Protection Act and the plan includes a guaranteed annuity option.