Regulations

Insurance and Pensions Authority

The Insurance and Pensions Authority was originally established as the Insurance Authority in 1986, becoming the IPA in January 1997 following the widening of its remit to include the development and implementation of a supervisory framework for pension schemes.

Upon taking responsibility for the supervision of pension schemes the IPA set about conducting an extensive review of the Isle of Man's existing pension legislation. The result was the Retirement Benefits Schemes Act which established a broad framework catering for all schemes operating in or from the Isle of Man. Under the Act separate sets of regulations have been introduced catering for both international schemes and domestic schemes.

 

The Retirement Benefits Schemes Act 2000

The Retirement Benefits Schemes Act 2000 confers on the IPA its position as regulatory body governing the operation and management of retirement benefits schemes in or from the Isle of Man. It also sets out various conditions that must be complied with before a scheme may operate in or from the Isle of Man.

For further information on the Insurance and Pensions Authority please visit their website at www.gov.im/ipa.