News

Archive: 15/02/2022

Isle of Man Budget 2022


By John Batty, Technical Manager At first glance David Ashford MBE MHK’s first budget is very much looking to the future and seeks to repair some of the damage done to the nation’s finances over the last two years as we come out of the pandemic. As well as plans for a five-year capital expenditure programme, the budget also includes additional...

Turning a pension fund into an income: the options, the decision factors, and the practicalities


By John Batty, Technical Sales Manager For those with one of the ever-decreasing number of Defined Benefit or Final Salary pension schemes, receiving your pension in retirement is fairly straightforward. At the scheme retirement date, the pension will pay you an amount of monthly income - based on your salary and length of service - for life, with usually a widow(er)’s...