ARTICLE · 15 OCTOBER 2014

Pensions: What’s New?

Appleby

Contributor

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile

Explore more from Appleby

Pensions may be an issue of old, but at least the regulations have been brought into the 21st century!

Isle of ManWealth Management

Author LinkedIn connections

Pensions may be an issue of old, but at least the regulations have been brought into the 21st century! The much-anticipated Retirement Benefits Schemes (Miscellaneous Amendments) Regulations 2014 (the 2014 Regulations) were finally passed by Tynwald in July this year, which have updated various regulations made under the Retirement Benefits Schemes Act 2000 affecting both international and domestic pension schemes.

The 2014 Regulations, at a glance, appear to be small tweaks to the existing legislation, but these changes are long-awaited by those in the industry. We have highlighted some of the updates below.

EXCEPTED SCHEMES

Ordinarily, almost all pension schemes in the Isle of Man must be registered with the Insurance and Pensions Authority (IPA). However, the Retirement Benefits Schemes (Excepted Schemes) Regulations 2001 (Excepted Schemes Regulations) provide a few exemptions for schemes from the need to be registered with the IPA.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Job Vacancy: Senior Trust & Company Administrator10th June 2026

Isle of ManWealth Management

Sentient International Limited

Isle Of Man Trusts: A Stable Legacy For South Africans

Isle of ManWealth Management

The Sovereign Group

Establishing And Administering An Isle Of Man Foundation (2 Of 3)

GlobalWealth Management

Dixcart Group Limited

Professional Trustees: Protecting Wealth, Preserving Legacies

Isle of ManWealth Management

Sentient International Limited

5 Lessons In Wealth Preservation For Middle Eastern Families

Isle of ManWealth Management

Sentient International Limited

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Wealth ManagementAppleby

Guide To Trusts In The Isle Of Man

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

Isle of ManWealth Management

Isle Of Man Pension Schemes

Imagine a SIPP Which can invest directly in buy-to-let residential property (at home and abroad); Whose benefits can be taken through flexible drawdown, with no annuity requirement – ever; Which pays 30% of the fund at retirement as a tax-free lump sum.

Isle of ManWealth Management

Department of Economic Development

Financial Sanctions Regimes

There has been much in the press recently about financial and economic sanctions being imposed.

Isle of ManWealth Management

Piercing The Corporate Veil

One of the fundamental principles of company law is that a lawfully incorporated company has a legal personality and identity that is separate from its directors or shareholders.

Isle of ManWealth Management

Professional Trustees: Protecting Wealth, Preserving Legacies

Managing and protecting your assets can feel complex but it doesn't have to be – what you need is professional trustees.

Isle of ManWealth Management

Sentient International Limited

The Trustee Act 2001

The Trustee Act 2001 (an Act of Tynwald) (the "Act") was enacted in an attempt to satisfy criticism of certain aspects of trust law as it then stood.

Isle of ManWealth Management

The UK Takeover Codedoes It Apply To You?

Various changes were made to the application of The City Code on Takeovers and Mergers (the Code), widening the categories of companies regulated by the Code.

Isle of ManWealth Management

Establishing And Administering An Isle Of Man Foundation (2 Of 3)

Since Foundations have been written into Manx law, they have been used frequently as part of intermediaries' offshore wealth planning for any number of purposes, but all must conform to the same constitutional principles.

GlobalWealth Management

Dixcart Group Limited

Protecting Luxury Assets And Preserving Legacies In The Middle East

Over the past two decades, the Middle East has emerged as one of the fastest-growing regions for wealth creation.

GlobalWealth Management

Sentient International Limited

Legislative and Regulatory Recommendations Of Isle Of Man Funds Review Group

The Isle of Man funds industry has been the subject of a recent high level review to identify how the Island can continue to expand the size and increase the quality of the business.

Isle of ManWealth Management

Department of Economic Development

Guide To Venture Capital In The Cayman Islands 2026

The Cayman Islands has emerged as the world's premier offshore jurisdiction for venture capital fund formation and cross-border investment structuring, with over 30,900 alternative investment funds managing USD8.2 trillion in assets.

Cayman IslandsFinance and Banking

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc

BermudaInsurance

Cayman Short Form Merger – Is It A Loophole?

Section 238 of the Companies Act (2025 Revision) (the "Act") provides a statutory right for shareholders who dissent from a merger to be paid a judicially determined fair value for their shares in lieu...

GlobalCorporate/Commercial Law

New CIMA Rules On AML/CFT/CPF Compliance And Financial Sanctions Issued In The Cayman Islands

The Cayman Islands Monetary Authority has published two new Rules introducing binding requirements for regulated financial service providers regarding anti-money laundering, counter-terrorist financing...

Cayman IslandsGovernment, Public Sector

Guide To Companies In Mauritius

This is the Fourth Edition of the Guide, which we have produced for the information of our clients and professional colleagues. This edition takes account of changes brought about by the Companies Act 2001 and the Financial Services Act 2007.

MauritiusWealth Management

2026 Guide To Blockchain & Crypto-Assets In The Cayman Islands

This guide provides the latest legal information on the evolution and regulation of these markets, licensing and set-up requirements for businesses, cross-border services, decentralised finance...

Cayman IslandsTechnology

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.

BermudaInsurance

Upcoming Deadline For Annual Returns For BVI Business Companies And Limited Partnerships

Entities in the British Virgin Islands may qualify for exemptions from Annual Return requirements based on specific criteria. BVI Business Companies and Limited Partnerships can avoid filing obligations if they meet conditions such as being listed on recognized exchanges, regulated by the FSC, or filing tax returns with financial statements.

British Virgin IslandsCorporate/Commercial Law

Guide To Trusts In The Isle Of Man

The Isle of Man offers wealthy families a politically stable, well-regulated and practical base in which to establish wealth and business succession planning structures. Modern and robust legislation, high-quality professional advisers and service providers, and a reputation for cost-effectiveness, all contribute to the island's attractiveness as a trusts jurisdiction.

Isle of ManWealth Management

Guide To Blockchain & Crypto-Assets In The British Virgin Islands 2026

The British Virgin Islands has positioned itself as a leading offshore financial centre for blockchain and crypto-asset businesses, offering a flexible regulatory framework that balances...

British Virgin IslandsFinance and Banking