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The benefits of a BWCI secondary pension plan

The countdown to the 1 July 2024 deadline for employers to implement secondary pension schemes in Guernsey is well underway. It’s not just a legal requirement, but a pivotal opportunity to enhance your employees & financial security in their retirement years. At BWCI Group, we have over 40 years of experience and offer a comprehensive… Read More »

New UK General Code of Practice for Pensions

By Carl Stanford at BWCI carl.stanford@bwcigroup.com “scheme governance a key focus of the new code” What is expected to be the final version of the UK Pensions Regulator’s (TPR) “General Code of Practice” was published in January 2024. The pensions industry has been waiting for some considerable time for this document, with an earlier draft… Read More »

“De-risked” pension schemes – a misnomer?

By Anthony Brewer at BWCI anothony.brewer@bwcigroup.com “removing all headline investment risks for a well-funded scheme does not guarantee success” As discussed in my previous article “Pension surpluses – what now?”, many Defined Benefit pension schemes are now in a strong funding position following a dramatic rise in interest rates in recent years. This has led… Read More »

Focus on Mortality Tables

By Samantha Smith at BWCI samantha.smith@bwcigroup.com “data in the COVID-19 pandemic years is problematic” Actuaries use mortality tables daily to estimate how much to reserve for a liability that is contingent on a human life. In a pension scheme context, these liabilities include the benefits payable on death in service and retirement pensions. The data… Read More »