Clerical Medical have announced that they will be withdrawing from the final salary pension products market by mid 2028. This means that the Clerical Medical Group Pension Contract will end and pension scheme trustees will need to make alternative arrangements for the...
By Holly Steele at BWCI holly.steele@bwcigroup.com “an effective way to support employee wellbeing” Group Critical Illness cover can add significant value to an employer’s wider portfolio of risk benefits, complementing arrangements such as group life...
By Warwick Helps & Jonathan Kemp at BWCI warwick.helps@bwcigroup.com & jonathan.kemp@bwcigroup.com “favouring investment wrappers that offer predictability, flexibility and control over the timing of tax events” Investment flows into offshore bonds...
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “The IOM FSA confirmed that it intends to base the new provisions on the UK funding requirements.” In Issue 2 2025 of Bandwagon we reported on the Isle of Man Financial Services Authority’s (IOM FSA)...
By John Martin at BWCI john.martin@bwcigroup.com “the employers’ minimum rate only increases every two or three years.” The initial stage of the implementation of Guernsey’s Secondary Pensions framework is now complete. This required all employers to...
By Mark Colton at BWCI mark.colton@bwcigroup.com “a laudable direction of travel” Around the world for 80 days Lovers of Jules Verne’s classic will recall how victory was delivered from the jaws of defeat by the gaining of a day as he travelled the...
