The treasury minister says a proposal to introduce a Manx Pension Guarantee is to give stability to the National Insurance Fund. 

Alex Allinson says through this process he hopes to drive consumer and business confidence and provide long term stability and credibility on the Isle of Man

The measure, if approved by Tynwald, would mean the Manx State Pension would rise annually from April 2025 by either the preceding September’s figure for Manx CPI inflation or 2%, whichever is higher.