The Treasury Minister has vowed to try again after Tynwald voted against re-appointing four members of the Insurance and Pensions Authority.
The House of Keys was divided at 12-12, while the Legislative Council voted six-three against the proposals.
After seeing his choices rejected, Allan Bell (pictured) said Tynwald might not realise that such line-ups, prepared to take on such 'onerous work', were hard to find.
He also dismissed suggestions it was a case of 'jobs for the boys':
Island businesses invited to FSA events
It's to strengthen awareness about financial crime
Government support for two 'long-stalled' Douglas developments
Former Newson's building and Duke Street site offered assistance through Island Infrastructure Scheme
Drop-in for Manx charites that operate internationally
It's to offer support about new legislation
Charity says bank support has been vital
Victim Support has been working with RBS International
