Isle of Man Financial Services Authority publishes webinar materials as Retirement Benefits Schemes Amendment Bill advances to Tynwald

The Isle of Man Financial Services Authority published a presentation and video outlining key elements of the Retirement Benefits Schemes (Amendment) Bill, which was introduced into the branches of Tynwald on 24 March 2026 as part of plans to modernise the Island’s pensions regulatory framework. The proposed legislation is intended to strengthen consumer protection, align the regime with international standards, and support sector competitiveness. The materials cover the background to the Retirement Benefits Schemes Act 2000, the purpose and aims of the Bill, the Authority’s approach to regulatory reform, and how consultation feedback has informed changes. The Authority noted that the proposals were shaped by detailed submissions from pension service providers, insurers and law firms, and it also provides a high-level overview of the Bill’s structure and next steps. Progress of the Bill through the legislative process can be tracked via the Bills page on Tynwald’s website.