News

Author: Ray Frampton

Defined Benefit Services


AVIVA recently announced they would be pulling all DB services from the Isle of Man, Guernsey and Channel Islands. In some cases they have put forward another UK provider whose experience in offshore jurisdictions is uncertain. Boal & Co have the local knowledge and experience necessary to provide these services for you. Boal & Co offers a range of services for...

Pension Freedoms Literature Now Available


Following the Isle of Man Pension Freedoms recently introduced, our new Member Guides are now available to download. These Member Guides are for our domestic Isle of Man approved pension scheme, BC SIPP, suitable for Isle of Man residents. We now have two forms of the BC SIPP on offer: *BC SIPP (PFS)* - Our pension freedoms product if you wish to start...

Boal & Co launch Flexible Pension Freedoms Scheme


During his February budget speech, the Isle of Man’s Treasury Minister announced a new form of pension regime aimed at providing pension freedoms. Whilst a decision to transfer existing pension assets will depend on the individual’s circumstances, it is clear that for the vast majority of Isle of Man residents, future pension contributions would be best placed in a new pension...

Isle of Man Budget 2018 - Pension Freedoms


The Treasury Minister, Alf Cannan delivered his budget speech to Tynwald on Tuesday. You couldn't make it? Don't worry, Boal & Co were there to make sure you didn't miss out on the major changes to pensions on the island. *So what’s changed?* *Pension Freedoms – New Scheme* Alf announced there will be a new type of pension scheme on the Isle of...

Boal & Co announce first of its kind Pension Solution


Boal & Co are delighted to announce a new innovative retirement income solution for Isle of Man residents. The Pension Income Plan (PIP) is a vehicle into which individuals can transfer one or more pension pots and be paid a flexible, regular income. With the Isle of Man pensions market traditional focus being the accumulation of capital prior to retirement with...

Boal & Co appoints Danny Winrow as Director


Boal & Co has appointed Danny Winrow as director, as the company continues to build on the legacy of chairman and founder Gary Boal. A chartered accountant and qualified actuary, Danny has been instrumental in the company’s actuarial consultancy team since August 2014 having taken the lead with a number of clients. His new role will see him working alongside Chief Executive...