IOM Portfolio July 25

Capital International acquires Affinity’s investment business

Moody’s rating shows economic diversification as key strength

New partnership offers physical gold bullion in pensions

Global study reveals tension between AI benefits and risks

EST. 1995

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE ISSUE 275 | JULY 2025

People You Know.

A Future You Can Trust.

30 AUGUST, 12NOON - 7PM, PEEL PROMENADE Get ready for a roar-some day out for all the family as T-Fest returns this summer - bigger, better, and back with a new home in Peel!

Whether you're running, walking, waddling or cheering from the sidelines, there’s something for everyone, and all for two amazing local causes: The Children’s Centre | Rebecca House Children’s Hospice You can now register at: www.thechildrenscentre.org.im/shop Choose from: Adult with a brand new T-Rex suit - £40 | Adult with your own T-Rex suit - £20 Child with their own T-Rex suit - Free All profits will go directly to our two chosen charities, and thanks to the Z Zurich Foundation, your entry fee will be matched - doubling your impact.

Last year’s T-Rex Thunder Run raised over £12,000 - let’s go even bigger in 2025!

Get your suit on, get your entry in and get ready to ROAR!

• THE (UNOFFICIAL) WORLD’S BIGGEST T-REX RACE • ISLE OF MAN WHEELIE CHAMPIONSHIP • STALLS, GAMES, FAMILY ENTERTAINMENT • LIVE SET FROM DJ TREX • FOOD VENDORS

CONTENTS

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE ISSUE 275 | JULY 2025

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

FROM PAGE 4

FROM PAGE 9

FROM PAGE 11

NEWS

GOVERNMENT

Isle of Man Portfolio magazine is designed and published by

UREN PUBLISHING Douglas, Isle of Man, IM2 2NX CONTACT Keith Uren | T: 01624 611100 M: 07624 498740 | E: portfolio@manx.net

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Moody’s rating shows economic diversification as key strength

New partnership offers physical gold bullion in pensions

Global study reveals tension between AI benefits and risks

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE ISSUE 275 | JULY 2025

PORTFOLIO

EST. 1995

Keith Uren Publishing Limited,

Capital International acquires Affinity’s investment business

EST. 1995

TO ADVERTISE IN THE AUGUST EDITION OF

© 2025 Keith Uren Publishing Ltd

KEITH 12 Manor Lane,

FEATURES

THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

CALL KEITH UREN ON 01624 611100 07624 498740 portfolio@manx.net

People You Know.

A Future You Can Trust.

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EST. 1995

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

APPOINTMENTS FROM PAGE 27

Isle of Man Portfolio magazine is published monthly and is delivered to private and public sector finance-related business in the Isle of Man by the Isle of Man Post Office. Financial institutions and Government Departments take copies for circulation among their clients. The magazine is also taken by several leading Isle of Man hotels for their guests. Isle of Man Portfolio is also individually mailed to senior professionals retained on the magazine’s database.

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NEWS

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NEWS

CIG acquires Affinity’s investment business

GROUP DIRECTOR BEN STOTT; CHIEF EXECUTIVE OFFICER DAVID STEARN; MANAGING DIRECTOR OF CAPITAL INTERNATIONAL (JERSEY) LIMITED, ANTONY KESLEY; GROUP DIRECTOR RUSSELL WAITE

Capital International Group Limited is pleased to announce the acquisition of APW Investors Limited (APWIL), a leading independent asset management firm based in Jersey and part of Affinity Private Wealth. This strategic move builds on the Group’s 2024 entry into the Jersey market and strengthens its presence beyond its established operations in the Isle of Man and South Africa. The transaction is subject to regulatory approval in Jersey.

The acquisition enhances Capital International Group’s service offering, expands its client base, and reinforces its commitment to responsible and sustainable investing. Affinity’s investment business holds a strong track record, award-winning expertise, and a loyal client base.

Strategic Benefits: • Deeper Jersey Footprint: With an existing base in St Helier, this acquisition significantly scales the Group’s presence, team, and capabilities in Jersey.

• Investment Solutions: APWIL offer a range of services from Jersey, including Discretionary Investment Management, Investment Oversight and Advisory, Model Portfolio Services, and Execution Only.

• Sustainable Investment Leadership: Both Capital International Limited and APWIL are UN PRI signatories. APWIL’s award-winning sustainable investment credentials also align with Capital International’s Conscious Capital ethos.

• Access to UCITS Fund: The Affinity Better World Growth Fund, advised and distributed by APWIL, will now be more accessible to Capital International’s intermediaries, advisers and clients.

“We are thrilled to welcome APWIL into the Capital International family,” said Head of Asset Management, Antony Kelsey. “This acquisition represents another

significant milestone in our growth journey and greatly consolidates our initial Jersey presence. We are looking forward to working with Ben, Russell, Jon and the wider APWIL team to drive strong growth and performance from Jersey” Ben Stott, Managing Director of APWIL, added: “I am extremely proud to lead our team of talented and dedicated professionals into its new home with Capital International. From our initial interactions with their leadership team, it was obvious that we share a belief in exceptional client delivery, alongside innovative investment solutions. It is exciting to expand our offering for our existing and future clients, who will also benefit from access to Capital International’s market leading technology.”

Anthony Long, Chairman of Capital International Group, commented: “Affinity’s investment business has long been on our radar, not just for its investment excellence, but for its leadership in sustainability and community engagement. This acquisition is a great fit for our long-term vision.”

David Stearn, Chief Executive Officer of Affinity Private Wealth, said: “Parting with our Investment team is emotional for us, when we formed Affinity in 2011 we did so as two businesses with one common aim and focus. This is however an incredibly exciting opportunity for the investment team to continue to build and enhance their existing offering with scale. We are delighted to see the investment business pass to great new owners who have a very similar culture and value set, and we have no doubt the team will flourish at Capital International.

“As for Affinity, we will continue to focus on growing and expanding our private client structuring services and look forward to the journey ahead.”

Amazon MGM picks up TT Races film and docuseries package The Department for Enterprise has confirmed that Amazon MGM Studios has picked up a film and docuseries package centred on the Isle of Man TT Races.

The package includes a film, produced by Hollywood’s Channing Tatum and Brad Pitt, with Channing Tatum attached to star.

The feature film is being produced by Channing Tatum and Reid Carolin’s Free Association, Brad Pitt’s Plan B, and Entertainment 360’s Guymon Casady and Jason Keller. It will be directed by Reid Carolin (Dog), from a script written also by Reid Carolin in collaboration with Jason Keller (Ford v Ferrari) and Bryan Johnson.

Produced by the same team behind the film, the docuseries also brings in the storytelling expertise of Box to Box Films - the studio behind acclaimed titles such as Drive to Survive, Full Swing, and Tour de France: Unchained - alongside leading European studio Mediawan, with the participation of Entourage Ventures.

This news represents a significant milestone in the delivery of the Isle of Man TT Races’ Digital Broadcast Strategy, aimed at increasing the TT’s digital audience, to ensure the long term sustainability of the event, and ensuring the wider economic and reputational opportunities for the Isle of Man. Tim Johnston MHK, Minister for Enterprise, commented: “Through the Isle of Man TT Races Broadcast Strategy and the introduction of live coverage on TT+, we’ve already seen significant growth in digital audience numbers, and this docuseries and film will further offer the chance to remove geographical barriers and showcase the TT to a truly global audience. This level of visibility will bring wider benefits for the Isle of Man, including additional investment as well as ensuring the long-term sustainability of the event itself - aligning with both our Department Plan and the Island Plan.

“The Department has been working closely behind the scenes with all partners involved in the project since their visit to TT 2023, and we are proud to see this work now coming to fruition with this exciting news.”

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Ealish Corlett appointed to prestigious IPA 44 Club Board

SQR and Binderr partnership to power secure, scalable compliance infrastructure SQR, a leading digital identity verification provider is pleased to announce a strategic partnership with Binderr, one of the industry’s most advanced AML, KYC, KYB and risk management platforms.

As demand for seamless digital onboarding and privacy-first identity accelerates, this collaboration enables businesses and individuals to stay ahead of the curve. The adoption of a secure, future-ready proofing ecosystem is an obvious choice for the fast moving digital landscape.

This strategic partnership goes beyond enhancing user experience. It strengthens SQR’s ability to support regulated institutions in the banking, trust, and gaming sectors. By integrating SQR’s reusable, tokenised digital identity technology, with Binderr’s robust orchestrationfirst platform, it positions itself to offer enhanced, jurisdictionally compliant onboarding tools, and tailored compliance infrastructure.

“We’re delighted to partner with SQR, whose digital identity expertise is widely recognised. At Binderr, we are building a platform that enables regulated firms to orchestrate their entire compliance journey. This

partnership is a significant step forward,” said Zak Rose, COO & Co-Founder of Binderr.

Aiming to deliver speed, security, and compliance at scale, this partnership aims to optimise identity and business verification, enable beneficial ownership mapping, and support the efficient use of reusable KYB profiles. “At SQR we believe that identity proofing should be as intuitive and trusted as a handshake,” said Shelley Langan-Newton, CEO of SQR. “Through our partnership with Binderr, we’re not just simplifying onboarding, we’re adding substantial value, by raising the standard for what secure, efficient and inclusive identity infrastructure should look like.

“Having won the Digital Isle of Man Innovation Challenge in 2023, SQR extends its congratulations to Binderr on reaching the finals of this year’s Innovation Competition. We are proud to be working with such a forward-thinking partner.”

SQR is committed to collaborating with Binderr on thought leadership initiatives and joint solutions to address emerging compliance challenges in the industry.

Visits to Solomon Islands strengthen parliamentary learning exchange partnership EALISH CORLETT

Ealish Corlett, Account Manager at Isle of Man Advertising & PR, has been appointed to the new IPA 44 Club board – a national industry group created to inspire the next generation of advertising professionals.

The 44 Club, named after the IPA’s historic headquarters at 44 Belgrave Square, has long been known for bringing together some of the industry’s brightest minds through bold and insightful events.

After a pandemic pause, the IPA has relaunched the 44 Club with a refreshed board representing a broad range of disciplines from across the UK agency landscape.

Ealish is one of seven advertising practitioners selected for their passion, creativity and fresh thinking. She joins peers from leading agencies including Publicis London, Mindshare and OMD. The board will curate quarterly events tackling some of the most pressing and inspiring topics in the industry today.

Commenting on her appointment, Ealish said: “I’m genuinely honoured and excited to join the IPA 44 Club board. Being part of a national group that shapes conversations and supports the future of our industry is a fantastic opportunity. I look forward to bringing fresh perspectives, collaborating with talented professionals, and helping to inspire and connect the next generation of advertising leaders.”

Helen Summerscales, Managing Director of IOM Advertising, added: "We're absolutely delighted for Ealish – her selection proves that exceptional creative talent isn't limited by geography."

THE CLERK OF TYNWALD JONATHAN KING WITH NPSI CLERK JEFFERSON HALLU

Outward visits by officers from the Office of the Clerk of Tynwald to the National Parliament of Solomon Islands (NPSI) are serving to support Westminster Foundation for Democracy’s (WFD) long-term parliamentary strengthening programme, funded with UK International Development from the UK government, that saw the Isle of Man first engage with NPSI in 2023.

Funded through the WFD programme, in March 2023 and February 2024 Tynwald research and scrutiny support manager Francisca Gale visited NPSI to provide input into capacity-building and continuous professional development programmes, then in March 2025 the Clerk of Tynwald Jonathan King visited for an eight-day programme which included a Memorandum of Understanding signing ceremony, a workshop and a number of sessions that explored a range of parliamentary procedures and practices.

Working with WFD, the Office of the Clerk of Tynwald has also arranged inbound study visits for NPSI officers and members. The first in September 2023 had ‘exceeded all expectations’ said NPSI clerk

David Kusilifu, while the second, in January 2025, was hailed ‘a non-stop learning trip’ by Hon Catherine Nori MP. Supporting the visits, the Office of the Clerk of Tynwald is delivering a programme of online seminars to NPSI officers.

Mr King said: “I am pleased to have the opportunity to continue working with NPSI with the support of WFD. It is a two-way partnership with many benefits on both sides. Learning about other parliaments and their procedures is an important part of how the Office of the Clerk of Tynwald develops as a parliamentary service. We have strong links with the neighbouring jurisdictions and with others in the British Islands and Mediterranean Region of the Commonwealth Parliamentary Association. Adding to these by linking with a parliament in the southern hemisphere has given us a new perspective. The visits have been important for establishing the relationship but a lot of the value is in the online seminar series which can carry on throughout the year. This value comes from exploring new ways to approach shared challenges, and in providing opportunities for staff development.”

Ms Gale said: ‘Through the online workshops we’ve been able to explore a wide range of topics from our shared perspectives as small parliaments. While our contexts differ in many ways, we have a mutual understanding of the challenge of providing parliamentary services with limited resources. Over the next year we’re planning to discuss ways of effectively supporting the scrutiny function of parliament, whether through committee work, parliamentary research, or support for nongovernment legislation. I’m looking forward to exploring how we can make the best use of AI to work more efficiently.”

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Isle of Man TT Races: developing strategic direction and delivering growth and opportunity The 2025 Isle of Man TT Races have concluded, with strong indicators of another successful year for the world’s greatest motorsport event. Despite continued weatherrelated challenges, the TT once again demonstrated its resilience and enduring appeal - delivering high travel volumes, expanded global reach, increased commercial revenue, record numbers of volunteers, and continued progress towards long-term sustainability.

Passenger data released by the Isle of Man Steam Packet Company showed a 5% increase in ferry passengers carried compared to the previous year, while air travel remained resilient throughout the TT period with over 51,000 passengers carried through the terminal. These early indicators suggest progress towards the TT’s current objective of growing attendance to 50,000 visitors annually is within reach. This year's visitors numbers are expected to exceed the figure of 47,000 from 2024, which in itself was the highest number for over 15 years.

The TT continues to benefit from strategic schedule changes introduced in 2023, which have helped reshape travel patterns and increased bed nights across the twoweek programme, significantly increasing the economic benefit the TT generates for the Island. The event’s evolution is not just in how it races, but in how it delivers value - to fans, partners, and the Isle of Man as a destination.

DIGITAL FIRST The TT’s digital presence continues to grow at pace. The TT+ Live Pass once again saw strong sales, with an increase in the number of purchases via the TT+ apps, offering immersive race coverage to fans around the world. The streaming service now boasts over 337,000 freemium subscribers and features more than 750 videos, including over 30 years of archive content through the TT Rewind series.

Since launching the Digital Broadcast Strategy in 2022, the TT has revolutionised how it connects with audiences - offering live coverage, exclusive video features, and long-form storytelling. This content-led approach has helped build a global following of more than 2 million across social media, with the official YouTube channel alone generating over 30 million video views annually, as well as over 2.6 million views or listens of The TT Podcast.

Crucially, digital engagement is driving interest in attendance. Recent survey data confirms that TT+ viewers are increasingly inspired to visit the event in person, demonstrating a clear link between online exposure and tourism growth, particularly with international audiences.

Notably, and most impressively, almost all TT digital content is created by Isle of Man-based businesses - showcasing the Island’s technical expertise on a world stage and creating jobs across the creative industries locally.

DRIVING LONG-TERM SUSTAINABILITY At the heart of the TT’s strategy is a clear focus on long-term financial sustainability.

Revenue from a growing official licensing programme continues to support the development of the event. Alongside this, the TT’s strengthened portfolio of official commercial partnerships provides brands with a unique opportunity to align with a loyal and passionate global audience.

Together with income from hospitality, ticketing, and broadcast rights, these commercial streams have reached record levels in 2025. More than just revenue generators, they are enablers - supporting the TT’s continued growth as a global sporting platform.

ELEVATING THE FAN EXPERIENCE TT 2025 saw major investment in the Monster Energy Fan Park, which underwent a full redesign. Capacity increased from 3,500 to 5,000, creating a more spacious, accessible, and welcoming environment.

New seating areas and improved flow throughout the site enhanced comfort, while a refreshed Trackside Bar and expanded hospitality offering contributed to a more dynamic and enjoyable atmosphere. The Fan Park also hosted live recordings of The TT Podcast, adding another interactive layer to the visitor experience and deepening the connection between digital content and attending fans.

STRENGTHENING DIRECT COMMUNICATIONS Spectator safety and direct communication took another step forward in 2025 with

the relaunch of the TT WhatsApp Infoline. The channel attracted over 68,000 followers and provided real-time public information updates, including schedule changes, road closure information, as well as weather warnings and healthcare signposting to both residents and visitors.

A post-event survey revealed that 97% of users found the service useful or very useful, reaffirming its value as a reliable source of time-critical information. The use of the channel was part of a strategic shift away from using social media for urgent updates, recognising the algorithmic limitations of these platforms, and instead prioritised the WhatsApp Infoline and the official TT website for accurate, timely communications.

The spectator safety campaign featuring 'The Tourist' and TT winner Richard ‘Milky’ Quayle ran across a multitude of platforms and captured the attention of many new and returning fans. Widely distributed across social media, the Isle of Man Steam Packet Ferry service, radio, and live coverage, the video helped deliver clear safety messaging to fans, in a fun but engaging manner.

UNLOCKING GLOBAL POTENTIAL One of the most significant developments in 2025 was the announcement that Amazon MGM Studios has picked up a TT docuseries and feature film package.

Produced by Channing Tatum’s Free Association, Brad Pitt’s Plan B Entertainment, Mediwan, Entertainment 360, Jason Keller and Box to Box Films (Formula 1: Drive to Survive), the project is expected to significantly enhance the global reach of the TT. The documentary series will not only showcase the drama of the racing but also shine a spotlight on the Isle of Man’s landscapes, culture and community - with the potential to position the Island as a compelling destination for screen tourism and reinforcing its status as the spiritual home of motorcycle road racing.

RECORD NUMBERS OF VOLUNTEERS Delivering the Isle of Man TT Races is only possible thanks to the commitment and professionalism of its extensive network of volunteers, including the medics, marshals, and officials who form the backbone of the event.

This year marked a significant milestone for the TT’s dedicated marshalling community with a record number, nearing 2000 marshals signing on prior to the event.

Volunteers travelled from around the world to take up positions across the 37.73-mile Mountain Course, enabling the races to run safely and efficiently. Their presence is a powerful reflection of the passion and commitment the TT inspires, and their role continues to be central to the event’s future.

Recruitment, retention, and training of marshals remains a strategic priority, with ongoing work to support recognition including revisions to the marshals rebate scheme thanks to the Isle of Man Steam Packet Company - all helps to acknowledge the vital contribution made by every individual in orange.

DATA DRIVEN: INSIGHT THAT SHAPES THE FUTURE As the TT continues to evolve, the promoters remain committed to data-led decision making. The event’s success is rooted in understanding its audience, and listening to fans is central to shaping the future.

Surveys will continue to gather insights across a range of topics, including the Fan Park experience, TT+ broadcast engagement, and broader tourism and visitor behaviours. These findings, drawn from both residents and travelling fans, will continue to be a guide for innovations across all areas of the event.

As planning begins for 2026, the Isle of Man TT Races remain one of the world’s greatest motorsport events - pushing boundaries, connecting audiences, and delivering lasting impact for the Island and its global community.

LOOKING AHEAD Tim Johnston MHK, Minister for Enterprise, added: “To see indicators pointing towards what could be another year of increased visitor numbers despite the weather reaffirms the strength of the TT’s strategic long-term approach. The decision to change the schedule continues to deliver bed nights and strengthen the growth opportunities over the weekend race periods.

“Digitally, the TT is going from strength to strength. With the docuseries and film package picked up by Amazon MGM on the horizon, we’re not just attracting motorsport fans, we’re introducing millions of people to the Isle of Man. That kind of visibility presents huge opportunities - not just for the TT, but for the Island’s future as a visitor destination.

“Our commitment is clear: build a sustainable, globally relevant event that delivers for fans, partners, and the Isle of Man. That means continuing to listen, adapt, and invest in what makes the TT unique.”

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Moody’s rating identifies economic Department for Enterprise diversification as key strength publishes 2025-26 Plan Treasury Minister Dr Alex Allinson MHK has welcomed the annual report on the Isle of Man Government’s financial standing from the international credit ratings agency Moody’s.

The report provides updated analysis of the Island’s economic and fiscal position and maintains the Island’s current credit rating, which remains Aa3 stable, the same as the United Kingdom’s.

Moody’s notes the Island’s low debt and substantial reserves, track record of robust growth and an economy which benefits from more diversification than many other economies of a similar size, supported by pragmatic government policies.

The report identifies access to skills among the DR ALEX ALLINSON workforce as one of the main challenges facing the Island, along with global political uncertainty and market volatility.

The Treasury Minister said: “The latest report provides a positive independent snapshot of the Island’s economy, assessing clearly what we’re doing well and where challenges may arise.

“Of particular note is the recognition that the Island possesses a ‘robust and transparent institutional framework’ in terms of governance, in addition to pragmatic policy-making and prudent fiscal policy.”

He added: “While strengthening the existing workforce is highlighted as a challenge facing the Island, this is being addressed through the implementation of the Economic Strategy, with over 570 more people in employment during 2024.

“In terms of revising the tax system, the Isle of Man has a strong history of working with international bodies to implement global standards of transparency and taxation, as evidenced by the Island’s recent implementation of 15% global minimum tax for large multinational enterprises.”

The report is available to view and download from the Treasury page on the Isle of Man Government website, gov.im/treasury

The Department for Enterprise (‘DfE’) has published its Department Plan for 20252026, building on the progress of the past year, and setting out a delivery-focused plan to drive economic growth and innovation in line with the Island Plan and Economic Strategy.

This year’s Department Plan focuses on implementing targeted economic initiatives and priorities including Data Asset Foundations and Sustainable Finance propositions, supporting preparation for the upcoming Moneyval Assessment and Beneficial Ownership requirements, continued delivery of the Local Economy Strategy, the Visitor Economy Strategy, and support for the Skills Board Action Plan.

In addition to these priorities, DfE will progress the economic milestones set out in the 2025–26 Island Plan and deliver aligned to the redefined strategic priorities, including supporting the government-wide efficiencies programme, demonstrating financial discipline, ensuring the Island’s security through cross-Government priorities such as supporting work on inward migration and securing and expanding the Island’s connectivity following approval of the Strategic Air Services Policy.

Tim Johnston MHK, Minister for Enterprise commented: “The 2025-26 Department Plan, the last to be published for this administration, brings together our strategic priorities and actions to bring positive change to our economy, respond to global opportunities and forge a more secure, vibrant and sustainable economic future for our Island.

“Our collaboration with industry, through our public/private partnerships and regular outreach remains of utmost importance in order to enhance the Island’s proposition through promotion, policy and product development. Therefore, understanding this importance, I have signalled a review into how the Agencies operate – to consider areas for refinement to ensure they continue to deliver effectively for industry, the Department and the wider economy.”

The Minister added: “We are committed to delivering on our Island Plan milestones and maintaining financial discipline, delivering efficiencies, and working collaboratively across government to ensure that priorities are achieved in a way that is both measurable and impactful.”

The Department Plan will be laid before Tynwald in July 2025.

Grant applications open for international development education and awareness raising

Grants awarded to international charity projects with Island links

Manx-registered organisations are invited to apply for the International Development Education and Awareness Raising Grant (IDEAR), awarding up to £30,000 per year for two years.

The funding supports innovative programmes which work to educate and raise awareness about global development issues on the Isle of Man. The grant is open to charities and businesses registered on the Isle of Man, and to partnerships of these organisations. Applications from new partners are encouraged and funding can be divided between multiple successful applicants.

IDEAR aims to highlight the role of education and public awareness in supporting international development. Previous grant recipients have advanced humanitarian causes, promoted the United Nations Sustainable Development Goals, worked with schools, and engaged local communities through exhibitions and speaker events.

An application form is available online to download. All applications must be emailed to internationaldevelopment@gov.im and any queries can be followed up via email or by calling +44 1624 685363 The deadline for applications will close at midnight on 29 July 2025.

Grant-funding has been awarded to seven international development projects in under-developed and conflict-affected countries by Isle of Man Government, in support of the Isle of Man Government’s International Development policy.

Annual funding of £2.5 million is awarded to reputable organisations to operate development projects and to provide humanitarian aid, in alignment with the Government’s global and local commitments under the 2021 Paris Agreement.

Small Grants are awarded to charities registered on the Island. Recipients are: • Rotary Club of Rushen and Western Mann Charitable Trust - Building 17,00 square foot dental-vision clinic at Bwindi Community Hospital in Uganda.

• Pahar Trust Nepal - Constructing new, earthquake resilient, safe and modern schools buildings in two rural communities in Nepal.

• Royal National Lifeboat Institution (RNLI) • Sand Dams Worldwide - reducing water stress and hunger in rural Mozambique.

• Catholic Agency for Overseas Development (CAFOD) – enhancing access to safe and dignified water, sanitation, and hygiene (WASH) in Nigeria.

• Ripple Effect – a project which focuses on soil and water conservation to help .smallholder farmers in Burundi and Rwanda • Opportunity International UK - strengthening the livelihoods and resilience of 10,000 refugees

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Paloma Faith to deliver Isle of Man Arts Council Lecture Acclaimed pop star Paloma Faith will deliver this year’s Isle of Man Arts Council Annual Lecture at the Gaiety Theatre on Monday 15 September.

The English performer - renowned for her powerful voice, fearless creativity, and outspoken views - will share insights into her life, career, and thoughts on identity, feminism, and the evolving role of the artist in society.

Sarah Maltby MHK, Chair of the Isle of Man Arts Council, said: “Paloma’s boldness, authenticity, and commitment to creative expression make her the perfect speaker for an event that celebrates the power of the arts to challenge, connect, and inspire.

“We are extremely excited to continue connecting Manx audiences with leading lights in the creative fields and can’t wait for this special evening.”

Following past lectures by documentarian Louis Theroux, designer Kevin McCloud, and actress Dame Joanna Lumley, this year’s event promises to continue the tradition of thought-provoking evenings at the Gaiety Theatre.

Tickets are now on sale via the VillaGaiety website.

Environmental Protection Bill consultation launched

Businesses and individuals are invited to help shape new environmental laws that will modernise how the Isle of Man protects its land, sea and air.

The Department of Environment, Food and Agriculture (DEFA) has launched an eight-week consultation on the proposed Environmental Protection Bill - an ambitious piece of legislation designed to secure a clean, safe and sustainable environment for the future.

The Bill seeks to improve environmental outcomes by: • Setting clear, internationally recognised protection standards • Controlling industrial waste, emissions and pollution on land and at sea • Establishing strong safeguards for future offshore energy projects • Making polluters pay for the damage they cause The draft legislation underpins key commitments in the Isle of Man Government’s Island Plan and will support compliance with international obligations.

Clare Barber MHK, Minister for Environment, Food and Agriculture, said: “This consultation marks a vital step in updating our environmental laws and we are particularly keen to hear from businesses, who have a key role to play.

“Our current legislation is more than 30 years old and no longer provides the tools needed to manage today’s environmental risks. The proposed changes would help us keep pace with global standards while safeguarding our natural environment and quality of life.”

If approved by Tynwald, the Bill would give DEFA the powers to introduce modern secondary regulations and ensure compliance with key treaties such as the OSPAR Convention, London Protocol, and others that protect the environment.

It would also set out updated standards for landfill management, tighter controls on hazardous substances, and clearer obligations for offshore developers—including requirements to submit decommissioning plans from the outset.

The consultation runs until 7 August.

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PENSIONS

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A NEW STRATEGIC PARTNERSHIP, OFFERING PHYSICAL GOLD BULLION IN PENSIONS

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ILLIAM CHRISTIAN, IMGOLD HEAD OF OPERATIONS SARAH FINDLAY, BRIAN BODELL

iPlan Retirement Solutions, a leading independent provider of retirement solutions, and IMGold, a premier dealer in physical gold bullion and other precious metals, today announced a strategic partnership that will allow iPlan clients to purchase and hold physical gold bullion within their pension plans. This innovative offering provides investors with a unique opportunity to diversify their retirement portfolios with a tangible asset known for its stability and long-term value.

In an era marked by increasing stock market volatility and economic uncertainty, gold has historically been considered a safe haven investment.

This partnership addresses the growing demand from investors seeking to protect their retirement savings from market fluctuations and currency devaluation. By incorporating physical gold into their pension plans, iPlan clients can enhance portfolio diversification and potentially mitigate risk.

“We are thrilled to partner with IMGold to offer our clients this exceptional investment opportunity,” said Brian Bodell, Director of iPlan. “At iPlan, we are committed to providing our clients with innovative and flexible retirement solutions. This partnership reflects our dedication to meeting the evolving needs of investors in a dynamic global economy. Allowing for the inclusion of physical gold bullion in a pension is a significant step towards offering true diversification and long-term security.”

IMGold is a reputable dealer of physical gold bullion, known for its secure storage facilities and commitment to client service. Through this

partnership, iPlan clients will have access to a seamless and secure process for purchasing and holding physical gold within their pension structures.

Illiam Christian, Director of IMGold stated, “IMGold is delighted to collaborate with iPlan Retirement Solutions. We believe that physical gold plays a vital role in a well-diversified investment portfolio, particularly in times of economic uncertainty.

This partnership will enable our mutual clients to access and hold gold in a secure and efficient manner, adding a layer of stability to their retirement savings.”

Key benefits of this partnership include: • Diversification: Physical gold offers a low correlation to traditional asset classes, such as stocks and bonds, helping to reduce overall portfolio risk.

• Safe Haven Asset: Gold has historically maintained its value during periods of economic downturn and market volatility.

• Inflation Hedge: Gold can act as a hedge against inflation, preserving purchasing power over the long term.

• Secure Storage: IMGold provides secure, insured storage facilities for clients' gold bullion.

• Transparency and Control: Clients have clear visibility and control over their gold holdings within their pension plans.

Both iPlan Retirement Solutions and IMGold are committed to providing clients with the highest level of service, security, and transparency, with the partnership representing a significant advancement in retirement planning, offering investors a powerful tool to protect and grow their wealth.

WE BELIEVE THAT PHYSICAL GOLD PLAYS A VITAL ROLE IN A WELL-DIVERSIFIED INVESTMENT PORTFOLIO, PARTICULARLY IN TIMES OF ECONOMIC UNCERTAINTY. THIS PARTNERSHIP WILL ENABLE OUR MUTUAL CLIENTS TO ADD A LAYER OF STABILITY TO THEIR RETIREMENT SAVINGS

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ANNIVERSARY

LOOKING AHEAD WITH CONFIDENCE: LMS PARTNERS CELEBRATES EIGHT YEARS OF GROWTH, TRUST, AND SERVICE PUTTING CLIENTS FIRST WITH ASSURANCE THAT COMES WITH TRULY INDEPENDENT ADVICE

Capital International acquires Affinity’s investment business

New partnership offers physical gold bullion in pensions

Global study reveals tension between AI benefits and risks

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Eight years on from its founding, LMS Partners is marking a proud milestone one built not only on financial expertise and careful planning, People You Know. but on long-term relationships, A Future You Can Trust. community connection and a firm commitment to the future.

In an evening of celebration and appreciation, the independent financial advice firm recently hosted clients, colleagues and friends at the Villa Marina to thank them for their trust, support and dedication since the company was formed in 2017.

Founded by Steve Locking (Managing Director), Christina Skelly (Director) and Kathy Mitchell (Director), LMS Partners has grown steadily year on year. What began as a dynamic, partner-led practice now boasts a vibrant, expanded team with a shared vision: to deliver truly independent financial advice and a consistently high standard of service to individuals and businesses alike.

‘We’ve always believed that high service levels are at the heart of everything we do,’ explained Steve. ‘Helping people plan their finances and achieve their long-term goals is a privilege and something we take great pride in.

‘We also place a huge emphasis on developing and retaining relationships with our clients, keeping communication channels open and helping them stay informed about the things that matter to their financial objectives, whether that is personal investment and retirement planning, or aiding employee retention by constructing employee benefit schemes.

‘We offer all clients, new and existing, the same consistent, informed service our reputation is built on and take the time to understand what matters to them when it comes to recommending suitable strategies and products as part of a personalised plan. Our team is always happy to meet and discuss tailored solutions, delivered in a clear, friendly and easy to understand way.’

That client-first approach has paid off in more ways than one. With personal investment and retirement assets under advice now standing at £130 million - and the LMS Corporate side of the business growing steadily, providing advice and guidance for group pension assets in the region of £30 million - LMS Partners has established itself as a trusted adviser across a wide range of financial objectives and services and is proud to offer bespoke, transparent advice tailored to each individual or corporate client’s goals.

With an experienced team of financial advisers, client managers and administrators, you will not be surprised to hear a key component of LMS’s future strategy is its Moody’s rating shows economic diversification as key strength

THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE ISSUE 275 | JULY 2025

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COVER STORY

WE ALSO PLACE A HUGE EMPHASIS ON DEVELOPING AND RETAINING RELATIONSHIPS WITH OUR CLIENTS, KEEPING COMMUNICATION CHANNELS OPEN AND HELPING THEM STAY INFORMED ABOUT THE THINGS THAT MATTER TO THEIR FINANCIAL OBJECTIVES

people. Recent expansion to the team reflects not only business growth but a long-term commitment to building expertise and sustainability from within.

John Walker, appointed Director earlier this year, joined LMS in October 2022 and now heads up LMS Corporate. His role is integral to both the corporate offering and the wider advice business and his promotion to the board reflects his committed contribution to this expanding area of service.

“I am delighted to have joined the Board of Directors at LMS Partners,” said John. “I look forward to working with our talented leadership team to strengthen our company culture and contribute to our long-term vision and goals.”

Chloe Teare, who joined LMS in 2021 as a Paraplanner, has now been approved as an Adviser. A Finance and Investment graduate from the University of Northumbria, Chloe has already proven her expertise in investment analysis, portfolio strategy and client engagement.

“This is an exciting milestone for me,” said Chloe.

“I’m incredibly grateful for the support and mentorship I’ve received. Since joining LMS, I’ve come to truly appreciate the value of financial planning. Now, as a Financial Consultant, I’m eager to continue building relationships and having a meaningful impact on our clients’ financial wellbeing.”

Liam Murphy is another valued addition to the team, appointed as Senior Financial Consultant earlier this year. Also, a Finance and Investment graduate from the University of Northumbria, Liam is a seasoned investment professional with a particular focus on highnet-worth clients.

“Initially I’ll be working closely with my colleagues to help clients navigate financial markets and make informed decisions for their long-term success,” said Liam.

While LMS Partners may be best known as financial advisers, the firm is equally committed to the wider Island community. Over the years, LMS has supported local initiatives and causes, from rugby, golf and cycling to Island theatre and charities such as Sailing for the Disabled.

With an experienced and approachable team, a growing portfolio of personal and corporate clients, and a steadfast commitment to professional, personalised service, LMS Partners is not just celebrating eight years of success - it is confidently planning for many more.

“We’ve always focused on people,” added Steve. “Our clients, our community, and our team. LMS is certainly here for the long term and feel we have the experience and drive to look ahead into the future with confidence.”

HIGHLIGHTS FROM LMS PARTNERS’ ANNUAL CELEBRATION AMONG GUESTS, COLLEAGUES AND FRIENDS

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RECRUITMENT

LISTENING FIRST, RECRUITING SECOND

WHEN IT COMES TO RECRUITMENT, SKILLS AND QUALIFICATIONS ARE IMPORTANT, BUT THEY ARE ONLY PART OF THE PICTURE. WHAT REALLY MAKES THE DIFFERENCE IS FINDING SOMEONE WHO FITS – WITH THE ROLE, THE TEAM, AND THE VALUES OF THE BUSINESS, SAYS RACHEL SHEPHERD, MANAGING DIRECTOR OF ORCHARD RECRUITMENT . . .

‘‘ RECRUITMENT IS NOT JUST ABOUT SKILLS. IT IS ABOUT PEOPLE. AND GETTING IT RIGHT TAKES MORE THAN A QUICK SCAN OF A CV.

The Orchard Recruitment team have seen this play out time and again. They work closely with clients across a wide range of industries on the Isle of Man, from accountancy firms and law practices to corporate service providers and start-ups. While the roles may vary, the starting point is always the same: understanding the business properly. Rachel Shepherd explains more: “Every company has its own personality. It’s not just about what they do. It’s about how they do it, the people behind it, and the kind of environment they’ve built.

When we take the time to understand that, we can make much better introductions.

“That level of care is what defines Orchard’s approach. The team works quietly, often behind the scenes, taking the time to learn about the business, not just the job title. What does success look like in this role?

What kind of person will thrive here? What values matter most to the team?

“Rather than sending through a dozen maybes, we’d prefer to put forward a small number of candidates who are genuinely well-matched – not just on paper, but in practice. This saves clients time and builds trust. It also leads to better outcomes, because when someone joins a business where they feel they belong, they are more likely to thrive and stay.

“For us, it is the variety of clients that keeps things interesting. One week we might be helping a fast-growing CSP find a new compliance manager, the next we’re working with a small law firm to strengthen their admin team. Each business brings a different rhythm, a different

culture, and a different idea of what a ‘great fit’ looks like.

“Sometimes you walk into an office and you can just feel what they’re all about. Maybe there’s a sense of calm, or maybe it’s fast-paced and energetic. Whatever it is, you get a sense of what kind of people work there, what they care about. That’s really helpful when we’re thinking about candidates - not just who can do the job, but who will enjoy being in that environment.

“This thoughtful approach helps create long-term results. Many of Orchard’s clients come back when they are ready to hire again and we’re so grateful for that trust. It is a quiet success built on listening, learning, and doing the right thing - not rushing to fill a vacancy, but helping people and businesses grow.

“In today’s world, where job seekers are looking for more than just a pay cheque. They want purpose, balance, and a sense of belonging. Then employers are trying to build strong, resilient teams, so culture matters more than ever. Recruitment is not just about skills. It is about people. And getting it right takes more than a quick scan of a CV. “At Orchard, recruitment is seen as a partnership.

One where we, as a recruiter take the time to become part of the journey. That means working closely with clients to understand what they need, being honest about what’s possible, and supporting candidates in a way that helps them find roles where they can do their best work.

“Because when you truly understand the culture of a business, you are in the best position to help build the team it deserves.”

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MANAGING LINE MANAGERS

WHERE AN EMPLOYEE EXCELS IN THEIR ROLE, IT CAN FEEL LIKE THE NEXT LOGICAL STEP TO PROMOTE THEM TO LINE MANAGER. WHILST THE EMPLOYEE MAY HAVE THE TECHNICAL KNOWLEDGE REQUIRED, TAKING ON THE ROLE OF LINE MANAGER OFTEN REQUIRES AN EMPLOYEE TO MASTER A WHOLE NEW SKILL - MANAGING PEOPLE!

BY DQ EMPLOYMENT TEAM.

‘‘ Whilst line managers are an important asset to most organisations, failure to provide adequate training, support or oversight to line managers can leave a business vulnerable to potential claims in the Employment and Equality Tribunal.

Appointing a line manager Line management can consist of managing tasks and/or people. It is important that a line manager is clear as to the parameters of their new role from the outset. What is the line manager expected to be responsible for, and what are they expected to pass on to HR or upper management? You may wish to outline expectations of their involvement in the following areas: • queries from team members regarding pay; • bonus payments; • recruitment; • dealing with poor performance; • dealing with sickness absence; and • dealing with grievances or complaints.

Remember that the move to line manager can often feel like an entirely different role rather than a “step up”, and so it is important that line managers receive a proper induction, to include role-specific training which is regularly refreshed thereafter.

Navigating a new dynamic It is not uncommon for an employee’s promotion to line manager to alter the dynamic with their

IT IS NOT UNCOMMON FOR AN EMPLOYEE’S PROMOTION TO LINE MANAGER TO ALTER THE DYNAMIC WITH THEIR COLLEAGUES. THIS CAN SOMETIMES BE AN ISOLATING TIME FOR THE LINE MANAGER THEMSELVES, BUT CAN ALSO PRESENT COMMUNICATION ISSUES WITH WIDER STAFF. colleagues. This can sometimes be an isolating time for the line manager themselves, but can also present communication issues with wider staff.

It is important for an employer to be aware of the new dynamic and how this might be impacting employees. Ensure that employees are clear as to the responsibilities and duties of a line manager and that there is adequate support available for the new line manager.

How can you support a line manager?

Whilst training is essential, it should not be a line manager’s only source of support. Well drafted policies, which makes clear the role of a line manager, will go a long way to avoiding miscommunication or duplication of work between the line manager and HR, as well as making it crystal clear what is expected of the line manager.

It will be to everybody’s benefit if there is an open and co-operative dialogue between the line manager and HR. Additionally, an organisation may wish to hold regular meetings with all the line managers in order to address any common or recurring issues.

Leaving a line manager to fend for themselves Where a line manager has not received adequate training or does not have sufficient support, they may find themselves as the catalyst for a claim in the Employment and Equality Tribunal. Although it may be the line manager’s actions (or lack of action) which has brought about a claim, ultimately the time and cost of going to Tribunal is for the employer to bear.

Further, the Tribunal will look beyond the line manager to the policies and procedures which the employer has put in place and into practice. It is therefore vital that any employer is conscious of the policies and procedures that a line manager is working under and does not simply leave a new line manager to fend for themselves.

The information and/or opinions contained in this article is necessarily brief and general in nature and does not constitute legal or taxation advice. Appropriate legal or other professional advice should be sought for any specific matter.

Any reliance on such information and/or opinions is therefore solely at the user’s own risk and DQ Advocates Limited (and its associates and subsidiaries) is not responsible for, and does not accept any responsibility or liability in connection with any action taken or reliance placed upon such content.

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AI

GLOBAL STUDY REVEALS TENSION BETWEEN AI BENEFITS AND RISKS AND HIGHLIGHTS A ‘GOVERNANCE GAP’ A GLOBAL STUDY ON TRUST IN ARTIFICIAL INTELLIGENCE (AI) REVEALS MORE THAN HALF OF PEOPLE GLOBALLY ARE UNWILLING TO TRUST AI, REFLECTING AN UNDERLYING TENSION BETWEEN ITS OBVIOUS BENEFITS AND PERCEIVED RISKS.

‘‘ WHAT MAKES AI RISKS CHALLENGING TO MANAGE IS OVER HALF OF EMPLOYEES SAY THEY HIDE THEIR USE OF AI AND PRESENT AI-GENERATED WORK AS THEIR OWN

DAVID WATTERSON, ASSOCIATE DIRECTOR AT KPMG IN THE CROWN DEPENDENCIES

Key findings: • The intelligent age has arrived – 66% of people use AI regularly, and 83% believe the use of AI will result in a wide range of benefits • Yet, trust, which is central to AI acceptance, remains a critical challenge. Only 46% of people globally are willing to trust AI systems which correlates with low levels of AI literacy - only two in five (39%) report some form of AI training and only 40% say their workplace has a policy or guidance on generative AI use.

• There is a public mandate for national and international AI regulation with only 43% of respondents believing current regulations are adequate.

• Data suggests that just under half of organisations may be using AI without adequate support and governance.

Trust, attitudes and use of Artificial Intelligence: A global study 2025 led by Professor Nicole Gillespie, Chair of Trust at Melbourne Business School at the University of Melbourne and Dr Steve Lockey, Research Fellow at Melbourne Business School, in collaboration with KPMG, is the most comprehensive global study into the public’s trust, use and attitudes towards AI. The study surveyed over 48,000 people across 47 countries between November 2024 and January 2025.

It found that although 66% of people are already intentionally using AI with some regularity, less than half of global respondents are willing to trust it (46%).

When compared to a previous study conducted prior to the release of ChatGPT in 2022, it reveals that people have become less trusting and more worried about AI as adoption has increased.

Individuals and organisations are more likely to trust AI systems when they understand how AI works, yet the study finds that only two in five (39%) report some form of AI training. In line with these low levels of AI training, almost half (48%) report limited knowledge about AI, indicating that they do not feel they understand AI nor when or how it is used.

“The public’s trust of AI technologies and their safe and secure use is central to sustained acceptance and adoption,” says Professor Gillespie.

“Given the transformative effects of AI on society, work, education, and the economy - bringing the public voice into the conversation has never been more critical.”

AI at work and in education The age of working with AI is here, with three in five (58%) employees intentionally using AI – and a third (31%) using it weekly or daily.

AI

This high use is delivering a range of benefits with most employees reporting increased efficiency, access to information and innovation. Almost half of those surveyed report that AI has increased revenue-generating activity.

However, only 60% of organisations provide responsible AI training and only 34% report an organisational policy or guidance on the use of generative AI tools.

David Watterson, Associate Director at KPMG in the Crown Dependencies says: “The use of AI at work is creating complex risks for organisations, and a ‘governance gap’ is emerging. The study reveals almost half of employees admit to using AI in ways that contravene company policies, including uploading sensitive company information into free public AI tools like ChatGPT. “Complacent use could be due to governance of responsible AI trailing behind. In advanced economies, just over half of employees (55%) report that their organisation has mechanisms in place to support AI adoption and responsible use, including a strategy and culture conducive to responsible AI adoption, adequate employee training, and governance processes.

“According to the study, many users rely on AI output without evaluating accuracy (66%) and are making mistakes in their work due to AI (56%), and what makes these risks challenging to manage is over half (57%) of employees say they hide their use of AI and present AIgenerated work as their own.”

This lack of AI governance is also seen in educational institutions, only half of which have policies, resources and training for responsible AI use in place.

AI in society 73% of people report personally experiencing or observing benefits of AI, including reduced time spent on mundane tasks, enhanced personalisation, reduced costs and improved accessibility.

However, four in five are also concerned about risks, and two in five report experiencing negative impacts of AI. These range from a loss of human interaction and cybersecurity risks through to the proliferation of misinformation and disinformation, inaccurate outcomes, and deskilling.

70% believe AI regulation is required, yet only 43% believe existing laws and regulation are adequate.

There is a clear public demand for international law and regulation and for industry to partner with governments to mitigate these risks. 87% of respondents also want stronger laws to combat AI-generated misinformation and expect media and social media companies to implement stronger fact-checking processes.

David continues, “Although this study didn’t include respondents from the Crown Dependencies, organisations in our jurisdictions are navigating similar challenges. To some extent AI has been part of the business landscape for years, but the rapid rise and widespread public access to more advanced systems, notably Generative AI, has brought AI’s promise and its associated risks into sharp focus.

“Forward-looking organisations’ approaches to adopting innovation are far from reckless. Taking a measured and strategic stance, they are carefully evaluating whether investment in AI and automation will deliver business benefits. They seek to balance innovation with operational needs, regulatory compliance, and long-term business objectives and are proactively addressing these challenges and turning potential risks into strategic opportunities.”

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MANAGEMENT

GEN Z TAKES FEWEST SICK DAYS

IN SURPRISING TWIST

GEN Z WORKERS ARE RECORDING THE LOWEST SICKNESS ABSENCE RATES OF ANY AGE GROUP IN THE UK, REVEALS ONS DATA ANALYSIS A deep dive into recent ONS data by employment law specialists Clifton Ingram has revealed a surprising trend - Gen Z workers are taking fewer sick days than any other age group in the UK. Drawing on data published by the Office for National Statistics (ONS), the firm’s researchers examined annual sickness absence trends across the UK labour market. The dataset details working days lost to sickness by region, sex, age group, employment type, and illness category - providing a broad view of how absence has affected workplaces nationwide and how those patterns have changed over time.

There exists a misconception that Gen Z belongs to the so-called “snowflake generation” - viewed as more emotionally fragile or prone to mental health struggles.

This view stems from the fact that key areas of the brain involved in judgement and emotional regulation - such

‘‘

as the prefrontal cortex - continue to develop well into a person’s mid-20s, a point highlighted in a 2024 report on Why Gen Z and Young Millennials Are Taking More Sick Days.

The report also pointed to the lasting psychological impact of the COVID-19 pandemic, suggesting that younger people were more affected. Together, these narratives have fuelled a broader perception that Gen Z may be less prepared to manage stress in the workplace, and thus take more sick leave.

Alison Gair, Senior Associate and Head of Employment at the firm, has said, “The UK data presents a very different perspective on age-related sickness absence than previous reports. It shows that younger workers are taking fewer sick days than their older colleagues - a trend that, in many ways, aligns with the expected impact of age-related health decline.

IN 2024, THE SICKNESS ABSENCE RATE FOR 16 TO 24-YEAR-OLDS STOOD AT JUST 1.3% - SIGNIFICANTLY LOWER THAN OLDER AGE GROUPS, WHOSE RATES RANGED FROM 1.6% TO 3.1%.

MANAGEMENT

“In fact, in 2024, the sickness absence rate for 16 to 24-year-olds stood at just 1.3% - significantly lower than older age groups, whose rates ranged from 1.6% to 3.1%.

“What’s overlooked in the previous discussions about workplace absence is that sickness rates increased across all age groups in 2022. When viewed through this wider lens, it becomes clear that Gen Z and Millennial employees continue to take significantly less time off than older generations.”

The research also revealed a strong correlation between regional sickness absence rates and the age demographics of the workforce. Areas with older working populations reported higher levels of absence, likely due to the increased prevalence of age-related health issues.

In particular, workers aged 65 and over showed significantly higher absence rates than their younger counterparts. This helps explain why regions like Wales and Scotland - both of which have older average workforces - recorded sickness absence rates of 2.3% in 2024. In contrast, London, which attracts a younger professional population, reported a considerably lower rate of just 1.5%.

The analysis also identified age as a contributing factor in the gap between sickness absence rates in the private and public sectors, which stood at 1.8% and 2.9% respectively in 2024. This disparity is likely influenced by the fact that the public sector is typically

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made up of an older workforce.

Minor illnesses were the most common reason given for sickness absence in 2024. This is the third consecutive year minor illnesses have been on top since the fall they experienced because of coronavirus (COVID-19) in 2020 and 2021.

Minor illnesses accounted for 30.0% of occurrences of sickness absence in 2024, followed by: • musculoskeletal problems at 15.5% • “other” conditions at 15.1% • mental health conditions at 9.8% • respiratory conditions at 7.3% SICKNESS ABSENCE RATE, BY AGE GROUP AND SEX, UK, 2024

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WHEN RISK BRINGS REWARD BRANDS CAN HAVE A HARD TIME GETTING NOTICED IN TODAY’S NOISY WORLD BUT THOSE WHO ARE PREPARED TO TAKE SOME CREATIVE RISK CAN CUT THROUGH THE CHATTER, SAYS ASHGROVE’S TERRY VAN RHYN

‘‘ TERRY VAN RHYN MANAGING DIRECTOR AND FOUNDER, ASHGROVE MARKETING

If there’s one thing we probably can all agree on, it’s that modern life is loud.

Not just the neighbour’s lawnmower on a Sunday morning or the dog barking at invisible enemies. I’m talking about the relentless hum of advertising messages vying for your attention from dawn till doomscroll.

From the moment you unlock your phone, check your emails, scroll LinkedIn, browse the news, flick through Instagram, glance at a bus stop, pass a billboard, get hit with a YouTube pre-roll, or open your letterbox – it’s there.

The daily barrage of messaging is relentless. “Buy this.” “Book that.” “Like us.” “Follow us.” “Click here.” “Download now.” It’s constant and it’s a blur. No wonder consumers start tuning out.

The human brain has become a highly trained filtering machine. If your message isn’t relevant, engaging, and – crucially – different, it’s getting filed in that special mental folder marked ignore.

As an ad man, I think the biggest crime we can commit in marketing is to blend in.

Too many brands, across every sector – from financial services to retail to green widget manufacturing – fall into the trap of playing it safe.

“Let’s just do something that feels... professional.”

Translation: “Let’s sound exactly like our competitors and hope for the best and let’s not rock the boat – our shareholders may have a fit.”

The brutal truth is that the marketplace doesn’t owe you its attention. You have to earn it - and that requires a bit of what I politely refer to as “marketing bravery”.

In every major successful campaign I have ever worked on in my over 40-years in the game a client’s bravery has played a vital role.

That doesn’t mean being wacky for the sake of it.

You don’t need to put your CEO in a gorilla suit or start rapping about mortgage rates (although, let’s be honest… I’d watch that). But you do need to be willing to provoke a reaction.

Make people pause. Make them care. Being relevant to your audience is the bare minimum.

Being interesting – now that’s the goal.

I believe one should adopt the philosophy of “provocation with purpose” and always be willing to push the boundaries and break through the clutter. A great ad isn’t just loud. It has to be clever. It knows exactly who it’s talking to, what keeps them awake at night, and what will make them lean in.

The best creative work doesn’t just look pretty or sound smart. It solves a business problem. It moves the needle and that’s where agencies come in.

Our job isn’t to play it safe or give you something that will sail through every internal meeting unchallenged. Our job is to push those boundaries. To ask difficult questions. To take your brief, shake it like a snow globe, and find the story that will actually make your audience stop scrolling, stop yawning, and start engaging.

We’re not here to just make ads. We’re here to make a point. Even with the best creative thinking in the world, a great idea still needs one final ingredient to see the light of day: client bravery. I get that it’s scary: there’s comfort in following the pack. Comfort in another round of ‘corporate blue’, stock photography smiles, and five bullet points of jargon. Boxes ticked.

But comfort rarely sells. The brands that break through are the ones that dare to be single-minded, bold, and sometimes a little uncomfortable. Again, you don’t have to be outrageous. You just have to be memorable.

Often this takes more guts than budget!

Whatever the market or business sector, the rules remain the same. If you want your brand to cut through the noise, you need to embrace the uncomfortable truth that creativity involves risk.

But it is managed risk, strategic risk, and – with the right agency partner – worthwhile risk, because in today’s sea of sameness, the biggest danger isn’t that you’ll say the wrong thing: it’s that no one will notice you said anything at all.

THE BRANDS THAT BREAK THROUGH ARE THE ONES THAT DARE TO BE SINGLE-MINDED, BOLD AND, SOMETIMES, A LITTLE UNCOMFORTABLE. YOU DON’T HAVE TO BE OUTRAGEOUS. YOU JUST HAVE TO BE MEMORABLE

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BUSINESS DIRECTORY

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THE ISLE OF MAN’S LEADING BUSINESS MAGAZINE

BUSINESS DIRECTORY

Business Directory brought to you by

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Accountants Atla Accountancy Services Ltd, Ground Floor, 11-13 Hill Street, Douglas Tel +44 1624 777403 hello@atla.im

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Tel. +44 1624 622752 Ramsey Office Tel 814494

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Endor Consultants LLC 18-20 N Quay, Douglas.

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Enigma Accountancy and Bookkeeping Ltd. Willow House, 61-69 Main Rd, Onchan Tel: +44 7624 618322

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Greenfinch Accountancy Ltd, Shee Yee, 12 Ballachrink, Colby.

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Hotchkiss Group, Suite D, Champion House, Tromode.

Tel. +44 1624 872140 tax@hotchkiss.im

Hunter Tax Consultants Ltd, First Floor, Milbourn House, 13a St George’s Street, Douglas.

Tel. +44 1624 625765

In Safe Hands, 75 Bucks Road Douglas, IM1 3EF Tel. +44 1624 616133 contact@insafehands.im

Invicta Accounting Ltd, 24 Athol Street, Douglas, IM1 1JA Tel. +44 1624 672358

Jessup & Co, 44 Athol Street, Douglas.

Tel. +44 1624 625666

K5 Tax & Accounts Ltd, Museum Buildings, Church Road, Port Erin.

Tel. +44 1624 833776 enquiries@k5ltd.im

KPMG, Heritage Court, 41, Athol Street, Douglas.

Tel. +44 1624 681000 info@kpmg.co.im

LK Accounting Limited ‘Ballabundu’, Chapel Lane, Baldrine, IM4 6DG Tel. +44 1624 664665 hello@lkaccounting.im

Peter D. Lace, 17 Peel Road, Douglas.

Tel. +44 1624 661640

Moore Dixon, PO Box 25, 26-28 Athol St, Douglas, Isle of Man IM99 1BD +44 (0) 1624 662020 mail@mooredixon.com

OrmCo Accounts Alma House, 7 Circular Road, Douglas.

Tel: +44 1624 610547 sales@ormcogroup.com

PricewaterhouseCoopers LLC, Sixty Circular Road, Douglas.

Tel. +44 1624 689689

Red Accounts Ltd., 24 Hillberry Heights, Douglas.

Tel: +44 1624 679924

Shimmin Wilson & Co, 13-15 Hope Street, Douglas.

Tel. +44 1624 627744 mail@shimminwilson.com

Suntera Global Peveril Buildings Peveril Square Douglas Tel: +44 (0) 1624 683242 info@suntera.com

Thompsons The Accountants, 1st Floor, Royal Trust House, 60-62 Athol Street, Douglas.

Tel. +44 1624 611108

E Thorn, 47 Buttermere Drive, Onchan.

Tel. +44 1624 613782

Michael Turner & Co, Ballanorris Court, Douglas Road, Ballabeg.

Tel. +44 1624 822534 mbturner@manx.net

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Licence Holders, Class 2 - Investment Business Ardan International Wealth Platform, 2nd Floor, Goldie House, 1-4 Goldie Terrace, Upper Church Street, Douglas Tel. +44 1624 652555

Barclays Bank PLC Eagle Court, Circular Rd, Douglas.

Tel. +44 1624 684444

Blackford Financial Services Ltd, 34 Athol St, Douglas.

Tel. +44 1624 627674

Blue Square Wealth Management Limited, 2nd Floor, Queen Victoria House, Victoria Street, Douglas.

Tel: +44 1624 645313

Blythe Financial Limited, 11 Myrtle Street, Douglas.

Tel: +44 1624 619180

Brooks Macdonald Asset Management (International) Ltd 3rd Floor, Exchange House, 54-62 Athol Street, Douglas.

Tel. +44 1624 831320

Canaccord Genuity Wealth (International) Limited, 55 Athol Street, Douglas.

Tel. +44 1624 690100

Capital Financial Markets Ltd, Capital House, Circular Road, Douglas.

Tel. +44 1624 654200

Capital International Ltd, Capital House, Circular Road, Douglas Tel. +44 1624 654200

Chartwell Financial Planners Ltd, Quayside House, 6 Hope Street, Castletown.

Tel. +44 1624 801409

Chase Financial Services Ltd, 10-12 Prospect Hill, Douglas.

Tel. +44 1624 612611

Creechurch Capital Ltd, Atlantic House, 4-8 Circular Road, Douglas.

Tel: +44 (0) 653800 info@creechurchcapital.com

DBAY Advisors Limited, 4th floor, 64b Athol Street, Douglas.

Tel +44 1624 690 900 info@dbayadvisors.com

Edgewater Associates Ltd, 1st Floor, Clarendon House, Victoria Street, Douglas.

Tel. +44 1624 654000 enquiries@edgewater.co.im

FIM Capital Ltd, 55 Athol Street, Douglas.

Tel. +44 1624 681250 enquiries@fim.co.im

Hockney Stevens Chartered Financial Planners Kerrowglass, Stockfield Road, Kirk Michael.

Tel. +44 1624 877864

HSBC Bank Plc, HSBC House, Ridgeway Street, Douglas.

Tel. +44 1624 684840

Independent Financial Consultants Ltd., 37 Ballanard Road, Douglas.

Tel. +44 1624 671679

Investasure Financial Services Ltd, Falcon House, 22-24 Ridgeway Street, Douglas.

Tel. +44 1624 615751

Investment Interest Management Ltd, Goldie House, Goldie Terrace, Douglas.

Tel. +44 1624 863125

JMR Limited, Finance Centre, Close Beg, Ballawattleworth, Peel.

Tel +44 1624 842514

Knox D'arcy Asset Management Ltd, 3rd Floor, Analyst House, Douglas.

Tel. +44 1624 623994

LMS Partners Limited, 14 Athol Street.

Douglas.

Tel +44 1624 666888 enquiries@lmspartners.co.im

MAC Financial Limited, MAC House, 64 - 65 Athol Street, Douglas.

Tel +44 1624 639450

Marriott Isle of Man Ltd, 55 Athol Street, Douglas.

Moore Dixon Financial Services, 26-28 Athol Street, Douglas.

Tel. +44 1624 662020

Nedbank Private Wealth Ltd, St Mary's Court, 20 Hill Street, Douglas.

Tel: +44 (0) 645000

Oceanic Investment Management Ltd, St George's Court, Upper Church Street, Douglas.

Tel: +44 (0) 1624 663616

Osborne Financial Services Ltd, Clearview, Shore Road, Ballaugh.

Tel: +44 (0) 1624 898034

Ramsey Crookall & Co, Securities House, 38-42 Athol Street, Douglas.

Tel. +44 1624 673171

Resilience Asset Management (IOM) Ltd, St Georges Tower, Hope Street, Douglas.

Tel: +44 1624 602020

The Royal Bank of Scotland International Ltd, Royal Bank House, 2 Victoria Street, Douglas.

Tel. +44 1624 646464

Standard Bank (IOM) Ltd, Standard Bank House, One Circular Road, Douglas.

Tel. +44 1624 643643 www.sboff.com sbiom@standardbank.com

Thomas Miller Investment Samuel Harris House, 5-11 St Georges Street, Douglas.

Tel +44 1624 645200 tminvestment.com

Thornton Associates Ltd, Top Floor, St John’s Mill, Mill Road, St John’s Tel. +44 1624 660220

Insurance Managers Aon Insurance Managers (Isle of Man) Ltd, St George's Court, Upper Church Street, Douglas.

Tel +44 1624 692420

Canada Life International Ltd, Canada Life House, Isle of Man Business Park, Douglas.

Tel. +44 1624 820200 info@canadalifeint.com

Capita Life and Pensions Services (Isle of Man) Ltd, 43-51 Athol Street, Douglas.

Tel. +44 (0) 1624 691000

Friends Provident International Services Ltd, Royal Court, Castletown.

Tel +44 1624 821212

Hansard Administration Services Ltd, Harbour Court, Lord Street, Douglas.

Tel. +44 (0) 1624 688000

Isle of Man Insurance Management Ltd, IOMA House, Hope Street, Douglas.

Tel +44 1624 681200 www.iomagroup.co.im

Marsh Management Services Isle of Man Ltd, Rose House, 51-59 Circular Road, Douglas.

Tel +44 1624 630500

Monument International PO Box 391 Douglas Tel. +44 (0) 1624 683683 ask@monument.im

Quilter International Business Services Ltd, PO Box 159, King Edward Bay House, King Edward Road, Onchan, Tel. +44 (0) 1624 655555

SIGCo Management (IOM) Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas.

Tel. +44 1624 664095

RL360 Services Ltd, International House, Isle of Man Business Park, Douglas, Tel. +44 1624 681681 csc@rl360.com

Thomas Miller Isle of Man Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas.

Tel. +44 1624 645200

Thomas Miller Captive Management Ltd, Level 2, Samuel Harris House, 5-11 St Georges Street, Douglas.

Tel. +44 1624 645200

Utmost Administration Ltd, Walpole Ave, Douglas.

Tel. +44 1624 643345

Zurich Financial Services (Isle of Man) Insurance Manager Ltd, Isle Of Man Business Park, Douglas.

Tel. +44 1624 691111

Banks - Licenceholders Barclays Bank PLC, Eagle Court, Circular Rd, Douglas.

Tel. +44 1624 684444

Capital International Bank Ltd, Capital House, Circular Road, Douglas.

Tel. + 44 1624 654200 cib-bd@capital-iom.com

Cayman National Bank (IOM) Ltd, Cayman National House, 4-8 Hope Street, Douglas.

Tel. +44 1624 646900

Conister Bank Ltd, Clarendon House, Victoria Street, Douglas.

Tel. +44 1624 694694

HSBC Bank PLC, 88-90 Strand Street, Douglas.

Tel. +44 1624 684840

Lloyds Bank International Ltd, PO Box 111, Villiers House, Victoria Street, Douglas.

Tel. +44 1624 638200

Nedbank Private Wealth Ltd, St Mary’s Court, 20 Hill Street, Douglas.

Tel. +44 1624 645000

Santander International PO Box 123 19/21 Prospect Hill, Douglas Tel 01624 641888 info@santanderinternational.co.uk

The Royal Bank of Scotland International Ltd, Royal Bank House, 2 Victoria Street, Douglas.

Tel. +44 1624 646464

Standard Bank Isle of Man Ltd, Standard Bank House, One Circular Road, Douglas.

Tel. +44 1624 643643 sbiom@standardbank.com

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Business Directory brought to you by

Advocates www.bigred.im Big Red Building, Ronaldsway Industrial Estate, Ballasalla, IM9 2AA

Advocate John Rimmer Ltd, Fort Anne, Douglas.

Tel +44 1624 621466 mail@advocatejr.com

Advocates Smith Taubitz Unsworth Ltd, 77-79 Bucks Rd, Douglas.

Tel +44 1624 677888 reception@advocates.co.im

Alma Legal, 1 Athol Street, Douglas.

Tel. +44 1624 652599 contact@almalegal.com

Appleby, 33-37 Athol Street, Douglas.

Tel. +44 1624 647647 www.applebyglobal.com iom@applebyglobal.com

Athena Law Ltd, 3 Ballanard Woods, Ballanard Road, Douglas.

Tel. +44 1624 622100

BridsonHalsall, Havelock Chambers, 16-18 Mount Havelock, Douglas.

Tel. +44 1624 614422 reception@iomlaw.com

Cains, Fort Anne, Douglas.

Tel. +44 1624 638300 law@cains.com

Cains Gordon Bell, Auckland Chambers, Auckland Terrace, Ramsey.

Tel. +44 1624 811311 law@cainsgb.co.im

Callin Wild, Bank Chambers, 15-19, Athol St, Douglas.

Tel. +44 1624 623195 mail@callinwild.com

Carters, 9 Circular Road, Douglas.

Tel. +44 1624 662809 reception@carters.co.im

Chambers of Paul T Rodgers, 8 Finch Road, Douglas.

Tel. +44 7624 232242 paul@manxadvocate.com

Corbridges, Chancery House, 2 Albert Street, Douglas.

Tel. +44 1624 690060 mail@corbridges.com

Coren Law Ltd, 3rd Floor, Queen Victoria House, Victoria Street, Douglas. enquiries@corenlaw.im

Corlett Bolton & Co., 4, Finch Road, Douglas.

Tel. +44 1624 676868 mail@corlettbolton.com www.corlettbolton.com

David Reynolds Advocate, 23 Circular Road, Douglas.

Tel. +44 1624 610880

Dickinson Cruickshank Ramsey, Masonic Buildings, Water Street, Ramsey.

Tel. +44 1624 812107

DQ Advocates, The Chambers, 5 Mount Pleasant, Douglas.

Tel. +44 1624 626999 info@dq.im

FinLaw, Cameo House, 19 Duke Street, Douglas.

Tel. +44 1624 855320

Gray Law Advocates, 87 Parliament Street, Ramsey.

Tel. +44 1624 818058 reception@gla.co.im

Hannan Law, 5 Hill Street, Douglas.

Tel: +44 1624 628900 mail@hannanlaw.im

Humphrey and Helfrich, The Old Courthouse, Athol Street, Douglas.

Tel: + 44 (0)1624 651951 info@humphreyandhelfrich.com

Ian Kermode Advocate, Court View Chambers, 14 Albert Street, Douglas.

Tel. +44 1624 611117 www.ik.im

Innova Law, Ground Floor, 16-18 Finch Rd, Douglas.

Tel. +44 1624 654900 innovalaw.im

Kelly, Luft, Stanley & Ashton, 2 Sydney Mount, Douglas.

Tel. +44 1624 674316 law@kellyluft.com

Laurence Keenan, Victoria Chambers, 47, Victoria Street, Douglas.

Tel. +44 1624 611933 info@lklaw.co.im

Kerruish Law Ltd, First Floor, Bourne Concourse, Peel Street, Ramsey.

Tel. +44 1624 623919

Kinley Legal 4 Albert Street Douglas.

Tel: +44 1624 640366 contact@kinleylegal.com

Kneale Advocates Ltd, 2nd Floor, Hillary House, Prospect Hill, Douglas. +44 7624 413712 www.knealeadvocates.com

Long and Co Ltd, ‘Eyreton’ Quarterbridge Road, Douglas.

Tel. +44 1624 319897

LVW Law, Museum Buildings, Church Road, Port Erin.

Tel. +44 1624 836757 barrister@manx.net

M&P Legal, New Court Chambers, 23-25 Bucks Road, Douglas.

Tel. +44 1624 695800 law@mplegal.im

Maher Law, Third Floor, 4 Athol Street, Douglas. +44 1624 770080

MannBenham Advocates, 49 Victoria Street, Douglas. +44 1624 639350

Myerscough & Clegg, 6 Hill Street, Douglas.

Tel. +44 1624 616404

Nicolle Plumley Advocate, Bellevue House East, Belle Vue, Peel.

Tel. +44 1624 844445

Nigel Cordwell Advocate, The Old Vicarage, Princes Road, Douglas.

Tel. +44 1624 677277

Paterson Property Law Ltd, 39 Ballagarey Road, Glen Vine, Douglas.

Tel. +44 7624 315800

Pringle Law, Victoria Court, 16 Athol Street, Douglas.

Tel. +44 1624 612200 mail@pringle-law.com

Simcocks, Ridgeway House, Ridgeway Street, Douglas.

Tel. +44 1624 690300 enquiries@simcocks.com

SW Legal, The Engine House, Castletown.

Tel. +44 7624 479222 info@swlegal.im

Travers Law Ltd, 4th Floor, Hillary House, Prospect Hill, Douglas.

Tel. +44 1624 649321

Wood Law, 16 Peel Road, Douglas.

Tel. +44 1624 625007 www.woodlaw.im

Weatherill Advocate & Solicitor, 20 Athol Street, Douglas.

Tel. +44 1624 674994

John Wright, 16 Willowbrook Gardens, Douglas.

Tel. +44 1624 611999 mail@johnwright.co.im

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Email new appointments to portfolio@manx.net, including a JPEG image where possible

Two senior promotions for Deloitte

ALICE LEADBEATER-TERRIS, LAURA O’SULLIVAN-SPIERS

Deloitte in the Isle of Man has announced two senior promotions in its Audit team, recognising the dedication and impact of both individuals.

Laura O’Sullivan-Spiers has been promoted to partner in Audit and Alice Leadbeater-Terris has been promoted to director, also within the Audit team.

Laura joined Deloitte in 2021 as a director to lead the Isle of Man office with a focus on the asset management, gaming, and life insurance sectors. With over 15 years of experience in Audit and Assurance, her leadership has helped grow the business and strengthen Deloitte’s reputation, transforming the firm’s market position in the Isle of Man. She has successfully delivered advisory engagements working alongside UK-based specialists.

She also supported the Digital Isle of Man government agency on its first FinTech Innovation Challenge.

In 2023, she was recognised at the Citywealth Powerwomen Awards, winning the silver award for ‘Woman of the Year’ in professional services, acknowledging the impact she had made within Deloitte and the wider market.

Alice joined Deloitte in 2014 as a graduate and is the longest-serving member of the Isle of Man Audit team. With more than ten years of experience in the financial services sector, Alice’s portfolio primarily consists of asset servicing and private equity clients,

holding a central role in Deloitte’s Asset Servicing Specialist Group.Alice specialises in client asset regulation and reporting. She is the recruitment lead in the Isle of Man office.

Marc Cleeve, people & purpose partner at Deloitte Islands & Gibraltar, said: “We are delighted to announce Laura and Alice’s well-deserved promotions.

Their dedication, expertise, and leadership have made a lasting impact on our Isle of Man team and clients.

They bring consistent, strategic thinking and a collaborative approach to their roles, which strengthens our delivery and client relationships. As they take the next step in their careers, we look forward to watching them continue to grow, lead, and shape the future of the firm. Their achievements reflect the strength of our talent and our commitment to recognising and nurturing potential at every level.

“Congratulations also to Saad Hafeez, Dominic Wall and Muhammad Asad Arif who were promoted to Manager in our Isle of Man team. Saad and Asad are key members of our audit team and Dominic is an ESG reporting/assurance specialist who was recently appointed to UNESCO Biosphere Isle of Man Board.”

Across the Channel Islands and the Isle of Man, 13 people have reached new career milestones at Manager and Senior Manager levels. Across the UK, there were 60 new partner promotions.

Sarah Kelly returns as chairman of Manx Lottery Trust The Manx Lottery Trust has welcomed Sarah Kelly back to the role of Chairman.

Sarah, who previously served as Chair from 2018 to 2022, resumed the role following the conclusion of Stephen Turner’s tenure. Stephen, who has now stepped down from the Board after ten years of dedicated service, first joined the Trust in 2011. After relocating to the Cayman Islands in 2016, he stepped back temporarily before rejoining the Board in 2020. He was appointed Chair in 2022.

Sarah said: “It’s a privilege to return to the role as Chairman of the Manx Lottery Trust. I remained an active Trustee during Stephen’s term and am looking forward to building on the momentum we’ve created together. The Trust continues to support such a wide range of inspiring local initiatives, and I’m excited to lead another great chapter.”

She added: “I want to express my sincere thanks to Stephen for his outstanding contribution over the past decade. His passion for the Isle of Man community and commitment to the work of the Trust have left a lasting impact, and we’re incredibly grateful for everything he’s done.”

Speaking about his time with the Trust, Stephen said: “It’s been an honour to serve both as Trustee and Chairman.

The Manx Lottery Trust plays a vital role in supporting community-led projects across the Island, and I’ve been proud to witness the difference our funding has made. I leave with full confidence in the team and know the Trust will continue to go from strength to strength under Sarah’s leadership.”

Alongside this leadership change, the Trust is also delighted to welcome two new Trustees to the Board: David Christian MBE JP and Ian Begley FCCA David brings a wealth of experience in local government and community service. He was awarded an MBE in 2013 for services to local government and the community of Douglas and was made a Freeman of the Borough in 2018. He is a former governor of University College Isle of Man and currently serves as Chairman of the World Manx Association.

Ian Begley joins the Board as Group Director and Managing Director of Accounting and Tax at Suntera Global. Ian’s professional insight and leadership experience will be a valuable asset as the Trust continues to develop and deliver funding opportunities for the Island.

Sarah added: “We’re thrilled to welcome David and Ian. Their knowledge, experience and passion for the Isle of Man will be a huge benefit to the Trust. I’m looking forward to working closely with them as we continue our mission to support and strengthen communities across the Island.”

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Waltons, your exclusive Isle of Man Miele stockist www.waltons.im 14 Cooil Smithy, Isle of Man Business Park, Braddan, IM2 2QA T: 01624 614536

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Richard Brindley appointed non-executive Chairman at FIM Capital FIM Capital Limited (FIM) has announced that Richard Brindley has been appointed as a nonexecutive Chairman of the Company.

Richard has over 40 years’ experience in the finance industry starting his career with NatWest Bank in the UK. In 1997 Richard moved to the Isle of Man to head up NatWest Sales and Service divisions and was also Managing Director of Lombard Manx Ltd and Isle of Man Bank Leasing Ltd, two wholly owned debt/financing subsidiaries. Recruited to Close Brothers in 2001 Richard became the Senior Director on the Isle of Man where their principal activities were Wealth Management, Banking, Custody and Trust and Company Administration. He also had responsibility for the International Business Development team for the Close Asset Management businesses.

Since 2013, Richard has been involved in many new and exciting start up’s where he was Director of the Assured Fund Limited and a consultant and Director to the Guernsey regulated Equity Bridge Asset Management group of companies. Richard brings a depth of experience, knowledge, and energy to the FIM Capital Board, and commented “I am very excited to be joining the FIM team at this pivotable stage in their development. I have watched the business strategy, momentum, and success from afar and was delighted to be approached to be one of the candidates for this excellent opportunity. The FIM mission, vision and values resonate with my own and I’m keen to assist the board and team in taking the business to the next level. It’s a very exciting time indeed”.

David Bushe, CEO FIM Capital Limited commented, “It is an absolute pleasure to welcome a candidate of Richard’s experience and calibre to the FIM Capital board. Richard’s energy, enthusiasm and professionalism will help take FIM to the next level and is infectious! I look forward to the benefits Richard brings to the FIM board, team, and clients. Our mission to offer exemplary services to all our clients is front and centre and a prerequisite for all of FIM’s exciting growth plans across our investment management and fund administration services”.

FIM Capital Limited was established in 2006. The Company, which is completely independent, employs 48 people and has approximately £3bn of assets under management and administration.

New Interim Chief Officer for the DHSC

PROF. TIM O’NEILL

Professor Tim O’Neill has taken up the post of Interim Chief Officer of the Department of Health and Social Care (DHSC) from 1 June, on a 12-month secondment from Manx Care.

The 12-month interim position will focus on the governance review between the DHSC and Manx Care.

Once this has taken place a decision will be made around a permanent position.

Minister for Health and Social Care, Claire Christian MHK, said: “I am delighted to welcome Tim into this crucial role at such a critical time. A review is already underway into the governance structure between the Department and Manx Care, and I believe Tims experience both as part of Manx Care and in the UK will provide valuable insight and opportunity for change.

“There are differing views on how we should move forward with the review but however we proceed it is important that any decision be backed by a clear evidence base for change, and fulsome engagement.

Tim is well placed to support this engagement and review ensuring we hear all relevant voices, from Tynwald members to clinicians and carers, charities and our community.”

Professor O’Neill has a considerable track record and significant experience in public service with 20 years of management and leadership in UK Local Government, including Director of Adults and Children’s Services and Deputy Chief Executive at Rutland Council, Birmingham’s Director of Children’s Services, and Managing Director for Action for Children, the UK’s 2nd largest children’s charity.

Tim and his partner moved to the Island together when he took up the position of Executive Director within Manx Care and currently has responsibility for Social Care, Mental Health, Safeguarding, Primary Care and Tertiary Care for Manx Care.

Professor O’Neill said: “I am absolutely delighted to be joining the DHSC as Interim Chief Officer on secondment. Leading the strategic commissioning of our integrated health and social care system, principally delivered by Manx Care, into the next phase of its development is a key priority – alongside reviewing the governance and delivering comprehensive legislative, policy and strategy developments. I am looking forward to joining a talented and experienced team and working closely with our key delivery partners to further drive excellence for all our Island residents.”

Professor O’Neill took up the role working alongside DEFA CEO Scott Gallacher who will continue to provide support to DHSC through the transition.

RICHARD BRINDLEY

Steve Pickett to step in as non-executive Chair of Visit Isle of Man Board The Department for Enterprise has announced that Steve Pickett is to take up the role as Non-Executive Chair of Visit Isle of Man Board, in addition to his current position as Non-Executive Chair of Business Isle of Man Board.

This appointment follows the decision of Andrew Mackness to step down as Non-Executive Chair of Visit Isle of Man in order to focus fully on his own business interests, both on and off-Island.

Steve Pickett, Non-Executive Chair of both Business and Visit Isle of Man, commented: “I am honoured to take on the role of Visit Board Chair and the opportunity this position presents. I look forward to working closely with both Boards to enhance the visitor experience and support our local businesses.”

Tim Johnston MHK, Minister for Enterprise, commented: “Steve brings a wealth of experience and a proven track record of success in his role with the Business Agency and within the sector and will be a great addition to the Visit Board, particularly given the synergies between the respective sectors.

“I’d like to thank Andrew for his contribution to the Visit Board and wish him well in his future endeavours.”

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New Head of Anti-Money Laundering (AML) Policy

JILLY CHRISTIAN

Jilly Christian has been appointed as the new Head of Anti-Money Laundering (AML) Policy, taking responsibility for coordinating and developing the Island’s strategy for combating money laundering, terrorist financing and the financing the proliferation of weapons of mass destruction (AML/CFT/CPF).

The AML Policy Office works in close partnership with domestic law enforcement, regulators, the Financial Intelligence Unit, Government agencies, the private sector and with international partners and organisations to ensure the Island’s financial system remains secure, transparent, and aligned with international standards.

This appointment reflects the Government’s continued commitment to a robust and risk-informed AML/CFT/CPF regime that engages the public and private sectors, meets international standards and reinforces the Island’s standing as a well-regulated international finance centre.

In this role, Miss Christian will lead the development of key projects including the National Risk Assessment and National Action Plan, oversee preparations for the MONEYVAL Mutual Evaluation,

and represent the Island in engagements with international bodies.

Miss Christian brings to the role a wide range of experience, including her role as part of the MONEYVAL Secretariat where she has undertaken recent Mutual Evaluations and Follow-Up Reports for other jurisdictions. Miss Christian also has over eight years’ experience as the Senior Strategic Analyst in the Isle of Man Financial Intelligence Unit and within Legislation & Policy at the AML/CFT Division of the Isle of Man Financial Services Authority.

She said: “It’s a privilege to lead such a committed team at a pivotal time. Tackling ML/TF/PF truly requires an all-Island approach, and I look forward to help strengthen that collaboration. The next two years in particular as we prepare for and undertake the MONEYVAL Mutual Evaluation will be intense, but they will also be a real opportunity to drive meaningful progress, improve how we work together and showcase the good work that we do in this space.”

Miss Christian takes on this leadership role at a critical time for the Island with the MONEYVAL Mutual Evaluation taking place in 2026, and as the global landscape continues to evolve.

Tim Cowsill appointed as Chief Officer of DEFA Tim Cowsill has been appointed as the new Chief Officer of the Department of Environment, Food and Agriculture (DEFA).

He brings a wealth of experience, having joined Government in 2018 and developed his knowledge and experience at the Department for Enterprise. During this time, he supported the development of Business Isle of Man and worked across a broad range of economic sectors. Prior to joining the public service, he worked in international banking.

Mr Cowsill will take up the post on 1 August, succeeding Scott Gallacher, who is returning to the southern hemisphere for family reasons.

He said: "I’m thrilled to be starting this role after a rewarding seven years at the Department for Enterprise.

I’ve worked closely with DEFA throughout that time and

seen first-hand the breadth of its work and the dedication of its team. It will be an honour to lead such an important department. I look forward to working with Scott and the Minister over the coming weeks to ensure a smooth transition."

Clare Barber MHK, Minister for Environment, Food and Agriculture, said: "I’m delighted to welcome Tim to the department, having worked closely with him on the food and drink restructure and the Built Environment Reform Programme. His experience in both Government and the private sector will be a real asset to DEFA at a time of significant opportunities and challenges.

DEFA plays a vital role in many areas such as protecting the environment, supporting sustainable food production and enabling economic opportunities on the land and at sea.

TIM COWSILL

BIG TVs, BIG SAVINGS Huge discounts across the range f rom LG, Samsung, Sony, Panasonic

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A Company & Trust Advisory Firm ENSURING THE SUSTAINABILITY OF BUSINESS CONTROL, WHILST ENHANCING COMPLIANCE & ECONOMIC SUBSTANCE Aston & Williams bring extensive experience in offering dynamic, pragmatic, and solution oriented guidance to private and commercial clients who wish to maintain more control over their corporate and trust structures.

Our advisory services are designed to assist both new and existing clients who wish to establish a physical presence for their businesses in the Isle of Man.

With over 500,000 square feet of available office space in the Isle of Man's capital, we're able to guide businesses, and present a prime opportunity to establish independence and self-reliance by enhancing economic substance, and ensuring compliance with developing legislation by converting an Isle of Man 2006 Act Company to a 1931 Act Company.

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