Boal & Co launch Flexible Pension Freedoms Scheme

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 freedom scheme (PFS). 

Discussions with HR and employee benefit managers on the Island show there is a desire to offer the new PFS to their staff as soon as possible, while allowing those with existing funds the ability to hold them under whichever regime works best for their individual circumstances. 

Boal & Co have designed a product which is able to offer exactly this, by adding a PFS section to its popular Rewards group personal pension plan. Where other pension companies have set up new schemes, Boal & Co are able to offer both regimes under the same scheme. 

This means that employers and individuals can hold their existing pension funds under the old regime, and their future contributions under the PFS regime, both in the same scheme.  Switches between the two regimes would be fee free, other than any tax or transfer charges that may apply. 


Approved by the Isle of Man Assessor of Income Tax, and authorised by the Isle of Man Financial Services Authority, REWARDS is available to employers wishing to take advantage of the new PFS regime with effect from today. 

Mark Kiernan, Boal & Co’s Chief Executive commented “As the leading provider of pensions on the Isle of Man, we are demonstrating our commitment to Isle of Man employers by providing an innovative local group pension solution that is flexible to meet their employee needs. Our technical team has worked hard to bring this to launch in a short period of time and are on-hand to assist employers and advisors with their pension requirements.”

For further information or a discussion on how Rewards can meet your company’s requirements contact your usual financial adviser or the Boal & Co team directly;

pensions@boal.co.uk or call +44 1624 606606.

17 Comments


g
g 17/06/2020 7:22pm (6 months ago)
all the time i used to read smaller posts that as well clear their motive, and that is also happening with this article which I
am reading at this time.
g
g 17/06/2020 4:10pm (6 months ago)
Amazing blog! Do you have any hints for aspiring writers? I'm hoping to start my own blog soon but I'm a little lost on everything.

Would you advise starting with a free platform like Wordpress or go for a paid option? There are so many
options out there that I'm totally confused
.. Any tips? Bless you!
g
g 17/06/2020 1:53pm (6 months ago)
Hi there! Quick question that's totally off topic.
Do you know how to make your site mobile friendly? My web site looks weird when browsing
from my iphone4. I'm trying to find a template or plugin that might
be able to resolve this problem. If you have any recommendations, please share.

Appreciate it!
g
g 17/06/2020 6:42am (6 months ago)
I think everything published made a lot of sense.
However, what about this? what if you were to create a killer
post title? I am not saying your information isn't good., however suppose you added something to maybe get folk's attention? I mean Boal & Co launch Flexible Pension Freedoms Scheme » Boal is kinda plain. You should glance at Yahoo's front page and watch how they write post headlines to get people interested.

You might add a video or a picture or two to get people excited about everything've written. In my opinion,
it could make your posts a little livelier.
g
g 17/06/2020 12:59am (6 months ago)
Heya i'm for the first time here. I found this board and
I find It truly useful & it helped me out a lot.
I hope to give something back and aid others like you aided me.
g
g 16/06/2020 9:09pm (6 months ago)
Wow, this article is pleasant, my younger sister is analyzing these
kinds of things, so I am going to convey her.
g
g 16/06/2020 10:39am (6 months ago)
Hello would you mind sharing which blog platform you're working with?

I'm going to start my own blog soon but I'm having a tough time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your layout seems different
then most blogs and I'm looking for something completely unique.
P.S Sorry for getting off-topic but I had to ask!
g
g 16/06/2020 6:23am (6 months ago)
certainly like your web site but you need to take a look at
the spelling on several of your posts. Several of them are rife with
spelling problems and I to find it very troublesome to inform
the reality nevertheless I'll surely come back again.
g
g 16/06/2020 1:53am (6 months ago)
Link exchange is nothing else except it is simply placing
the other person's blog link on your page at suitable place and other person will also
do same for you.
g
g 15/06/2020 9:07pm (6 months ago)
I'm amazed, I must say. Rarely do I encounter a blog that's both educative and amusing,
and without a doubt, you have hit the nail on the head.
The problem is something which too few people are speaking intelligently about.
Now i'm very happy that I found this in my hunt for something relating to
this.
g
g 15/06/2020 2:34pm (6 months ago)
Howdy! I know this is kind of off topic but I was wondering if
you knew where I could locate a captcha plugin for my comment form?
I'm using the same blog platform as yours and I'm having
difficulty finding one? Thanks a lot!
g
g 15/06/2020 1:38pm (6 months ago)
I loved as much as you will receive carried out right here.
The sketch is tasteful, your authored material stylish.
nonetheless, you command get bought an nervousness over that you
wish be delivering the following. unwell unquestionably
come further formerly again as exactly the same nearly
a lot often inside case you shield this hike.
buy generic cialis online safely
buy generic cialis online safely 23/05/2020 11:47am (6 months ago)
Thanks for ones marvelous posting! I actually enjoyed reading it, you're a great author.
I will be sure to bookmark your blog and may come back later on. I want to encourage you to ultimately continue your great
posts, have a nice morning!
cialis tablets for sale
cialis tablets for sale 23/05/2020 11:30am (6 months ago)
This is very interesting, You're a very skilled blogger. I've joined your rss feed and look forward to seeking more of
your excellent post. Also, I have shared your site in my social networks!
Jamimmorp
Jamimmorp 03/05/2020 7:07pm (7 months ago)
Tadalis Sx Pfizer https://buyciallisonline.com/# - cialis generic timeline Diclofenac Sodium 50mg Uk Supply <a href=https://buyciallisonline.com/#>Buy Cialis</a> Comprar Cialis Barcelona Online
cbd oil that works 2020
cbd oil that works 2020 04/04/2020 3:12pm (8 months ago)
Hi there, the whole thing is going fine here and
ofcourse every one is sharing information, that's genuinely good, keep up writing.
cbd oil that works 2020
cbd oil that works 2020 04/04/2020 9:33am (8 months ago)
certainly like your web-site however you need to take a look at the spelling on several of your
posts. Many of them are rife with spelling issues and I find it very bothersome to
inform the reality however I will definitely come back again.

Post your comment