The Appleby Charitable Foundation is the first Foundation to be approved under the Isle of Man's new Foundation Act introduced at the beginning of 2012.
Ireland's Finance Bill 2012 provides further tax efficiency and certainty for funds established in Ireland.
Britain will avoid a double dip recession and modest growth should restart later this year, according to the CBI.
Violent protests have broken out in Athens on a day when MPs voted in favour of introducing a package of austerity measures.
A number of UK bankers have been arrested following an investigation into tax fraud by HMRC.
Aegon has been ordered to pay a customer £10,500 in compensation after it told him he would receive double the pension income he was actually due.
David Cameron will consider providing tax breaks to middle class families who hire cleaners or cooks, he told delegates at the Nordic-Baltic conference in Stockholm last month.
The Financial Ombudsman Service (FOS) has ruled against a bank for advising a client to invest £3.2m in a bond issued by failed US insurer AIG.
Aviva has reduced bonus rates on some of its with-profits funds, citing adverse economic conditions.
Prime Minister David Cameron has warned of a pensions "apartheid" between the public and private sector if reforms are not pushed through for public sector workers.