The Isle of Man has launched two new initiatives: a first-of-its-kind economic cluster "Employee Benefits Isle of Man" and formation of the Isle of Man branch of the International Employee Benefits Association. In a statement on 26 October, it said these initiatives come after a comprehensive strategic review in 2021 which identified that international employee benefit provision is becoming more complex and costly for employers, yet no individual jurisdiction had yet properly developed into an international ‘hub' for delivery. In response, Finance Isle of Man, an executive agency of...
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