Island's financial reserves looking healthy

Sat, 13 Nov 2010

Energy FM has learned that the Isle of Man has over 1.3 billion pounds in assets being managed externally on its behalf.

The funds include over £600m pounds in a national insurance investment account and over £220m in public pension reserves.

The annual statement also shows that the Island currently has over £300m pounds cash reserves to cover emergencies.

Economic Development Minister Alan Bell spoke to Energy FM news earlier.