BWCI is delighted that the President of the Committee for Employment and Social Security has confirmed that the arrangements for Secondary Pensions in Guernsey are still on course to be implemented from 1st January 2023. This is excellent news for the retirement provision of local residents and is set to be a very positive development for pensions in Guernsey. We also support the proposed streamlining of the governance arrangements, thus reducing the burden both on pension members and the Guernsey taxpayer.

Stephen Ainsworth, the Senior partner of BWCI, said:

“It is encouraging that the ESS Committee has recognised the strength and depth of the pension industry in Guernsey and has made efforts to enable local providers to bring their expertise in world leading solutions to the local market place.” He added “As one of the largest and longest established pension trustees and administrators in Guernsey we are keen to play a major part in these developments. We already provide our highly successful Blue Riband pension product to many Guernsey employers of all sizes and industry sectors.”