Regulations and Guidance - Pensions
Primary Legislation
The Insurance and Pensions Authority was originally established as the Insurance Authority in 1986, becoming the IPA in January 1997 following the widening of its remit to include the development and implementation of a supervisory framework for pensions schemes.
Upon taking responsibility for the supervision of pension schemes the IPA set about conducting an extensive review of the Isle of Man's existing pension legislation. The result was the Retirement Benefits Schemes Act which established a broad framework catering for all schemes operating in or from the Isle of Man. Under the Act separate sets of regulations have been introduced catering for both international schemes and domestic schemes.
The Retirement Benefits Schemes Act 2000
The Retirement Benefits Schemes Act 2000 confers on the IPA its position as regulatory body governing the operation and management of retirement benefits schemes in or from the Isle of Man. It also sets out various conditions that must be complied with before a scheme may operate in or from the Isle of Man. The PDF file below is the internet version of the Act and has been prepared to reflect the text as made and as subsequently amended by the Insurance (Amendment) Act 2004.
Amendments
Where legislation has been amended the PDF files below reflect the text as subsequently amended by the relevant Statutory Document. Anyone who requires a copy of the actual amendment regulations should contact the Authority by e-mail.
Guidance on registration under the Retirement Benefits Schemes Act 2000
To assist those seeking registration under the Retirement Benefits Schemes Act, the Authority has prepared a leaflet of guidance notes in flowchart format. This leaflet is intended to provide general guidance on the registration requirements. If you are in doubt about any aspect of the registration process, or of any aspects regarding compliance with the Act or any subordinate legislation, please contact the Authority.
To download a PDF copy of this leaflet please click on the link in the table below.
Keeping up to date
If you would like to be kept up to date with any aspect of this legislation, or would like to receive information regarding any future legislation released for consultation please click here.
To download these documents you will need the Adobe Acrobat Reader. This is available free of charge from Adobe by using the following link:
| Title | File Size | Format |
|---|---|---|
| Guidance Chart | (454 kb) | Acrobat PDF File |
| The Retirement Benefits Schemes Act 2000 | (934 kb) | Acrobat PDF File |
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