Manx companies do well at financial services awards

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The Isle of Man enjoyed huge success at the International Fund and Product Awards, which honours successful off-shore financial companies.

Although Jersey won the accolade as best finance centre, Manx companies won most awards.

The Manx companies are in bold and listed with the winners below.

Best International Fund Group

Winner: Fidelity Worldwide Investment

Highly Commended: BNP Paribas.

Best International Wealth Management Provider

Winner: London and Capital

Highly Commended: Nedbank Private Wealth

Best International Banking Service

Winner: Standard Bank Offshore Group

Highly Commended: Lloyds Bank International Limited

Best International Life Group UK

Winner: Canada Life International

Highly Commended: AXA Wealth International

Best International Life Group

Winner: Zurich International Life

Highly Commended: Skandia International

Best International Portfolio Bond

Winner: AXA Wealth International (Delegation)

Highly Commended: Canada Life International (Premiere Account)

Best International Trust and Estate Planning Bond

Winner: Canada Life International (Controlled Access Account)

Highly Commended: IOMA Life (Estate Management Bond)

Best International Protection Product

Winner: Zurich International Life (International Term Assurance)

Highly Commended: Skandia International (The Silk Life Plan)

Best International Savings Plan

Winner Zurich International Life (International Pension Plan)

Highly Commended: Skandia International (Executive Wealthbuilder Account)

Best International Private Health Insurance Provider

Winner: Allianz Worldwide Care

Highly Commended: Aetna International

Best International Financial Adviser Portal

Winner: Skandia International (Wealth Interactive)

Highly Commended: Canada Life International

Best International Structured Product Provider

Winner: Standard Bank Offshore Group

Highly Commended: Skandia International

Best International Financial Centre

Winner: Jersey

Highly Commended: Isle of Man International Finance Centre

Best In Class Awards

RL360: Best in Class for Wrap Proposition.

Aetna International: Best in Class for Commitment to Healthcare Support

AXA PPP International: Best in Class for Employee Assistance Programmes

Creechurch Capital Limited: Best in Class for Boutique Wealth Management Services

Nedbank Private Wealth: Best in Class for Integrated Banking Service

Guernsey International Finance Centre: Best in Class for Insurance Linked Securities (ILS)

SEB: Best in Class for Regional Bond Proposition

John Spellman, the island’s director of financial services, said: ‘With the Isle of Man leading the march towards global tax transparency and international compliance these awards demonstrate great confidence in the Isle of Man’s financial services sector at a time when the global landscape for financial services continues to evolve.

‘We have been working hard with industry over the past year to help them deliver innovative and excellent products so I’m therefore delighted that the Isle of Man has performed so well against its major competitors.’

The Isle of Man itself was awarded Highly Commended in the Best International Finance Centre category.

Mr Spellman said: ‘Given the competitiveness of this category to be Highly Commended for “Best International Finance Centre” is very encouraging. It reinforces the Isle of Man Government’s commitment to promoting its financial and professional services sector, which represents over a third of our economy employing nearly 7,000 people.

‘We continue to work closely with our local industry partners to further develop the Island’s successful and well-respected Financial Services industry. Furthermore, this will help build on the Isle of Man’s existing reputation as a centre with pragmatic regulation, consumer protection and where sophisticated investors can place their money with confidence, with experts they can trust and in an environment which meets their needs.’

Now in their 15th year, the International Fund and Product Awards are in honour and recognition of groups who are at the cutting edge of distributing financial products and services internationally.

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