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:
'All sorts of possibilities' as future of MDC to be reviewed
Report to consider future function of arms-length company as construction costs soar
New food standards rating scheme launched
Inspections to be carried out by UK inspectors
Construction costs on the Island 18% above UK average and comparable with Outer London
'Key problems' include reliance on imported materials, labour shortages and planning delays
NEXT store to remain open
Strand Street outlet had been earmarked for closure
