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Accountant welcomes foundation opportunities

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:

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