Isle of Man to create multi-national pension schemes

The Isle of Man Insurance and Pensions Authority (IPA) has introduced global pensions regulations which allow multi-national firms to offer occupational and personal pensions benefits, regardless of where their employees live in the world. Multi-national firms, such as Shell and AstraZeneca, have been looking to provide access to such schemes for several years as some of their employees live in different regions of the world for anything between 3-15 years at a time in order to carry out their work. However, until now, most firms have been unable to provide pensions while staff are ba...