A globally recognised alternative to trusts could open up a new market for the Isle of Man, now Royal Assent has been given to the Foundations Act.
Foundations are another means of holding financial assets, and are better known than trusts in many countries.
Managing director of PKF in the Isle of Man Phillip Dearden says it's 'a good idea', and he is stressing the two vehicles will operate side by side:
Work underway to 'get confidence back in the economy'
Chief minister says concern over finances based on 'more sentiment than actual evidence'
Energy and food security "two most important things", says MHK
Douglas North's John Wannenburgh believes these are the two main components that will determine the Island's survival
Gatwick drop-off fee rises again
Heads up for Manx air passengers travelling to London
Isle of Man inflation holds steady at 2.8 percent in November
Food, hospitality and education costs continue to rise, while falls in energy prices help offset pressures
