Finance

A new easy-to-use platform developed by professionals with decades of compliance experience has been officially launched.

ICSA (The Chartered Governance Institute) has announced details of the newly elected branch council for its Isle of Man branch, which supports members and students of the Institute living and working on the island.

New data from the soon to be published  Moneyfacts UK Personal Pension Trends Treasury Report  has revealed that pension fund performance faltered during Q3 2020, after posting its strongest quarterly performance for over a decade in Q2 2020.

Moneyfacts UK Savings Trends Treasury Report data, not yet published, reveals that over the past two months, all average savings rates have risen and are no longer at the record low levels seen in August 2020.

The Isle of Man’s Financial Services industry was a clear winner at the 2020 ‘International Investment’ Awards, which were held virtually on 8th October 2020.

Inflation as measured by the Consumer Price Index was firmly in negative territory in September and stood at -1.3% – a decrease of 1.4% compared to August 2020.

Yesterday the UK Government announced that a reduction in the rate of VAT applied to hospitality, accommodation and attractions will now be extended until 31 March 2021

The Isle of Man Financial Intelligence Unit is among eight law enforcement agencies from smaller financial centres to be granted Associate Membership of the International Anti-Corruption Coordination Centre (IACC).