News
December 16, 2024
By Stephen Ainsworth at BWCI stephen.ainsworth@bwcigroup.com “maintain Guernsey at the forefront of international pension provision” This cryptic title is the subject of a recent consultation by the Guernsey Financial Services Commission (GFSC). It responds to requests from Pension Service Providers (PSPs) in Guernsey to enable them to provide services through a Protected Cell Company (PCC).…
December 9, 2024
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “the above average death rates are of some concern” The Continuous Mortality Investigation (“CMI”) has recently published its report on the mortality rates observed in England & Wales for the first nine months of 2024. The CMI’s analysis compares the mortality rates observed so far during 2024 with the…
December 2, 2024
We’ve moved! You will now find us at Osprey House, 5-7 Old Street, St. Helier, Jersey, JE2 3RF. With effect from 28 November 2024, our Jersey office is in Osprey House. BWCI Managing Partner, Michael McKay, said: “Our office in Kingsgate House has served us well over the last 21 years, but we hope that…
November 26, 2024
We’re moving! You will soon find us at Osprey House, 5-7 Old Street, St. Helier, Jersey, JE2 3RF. With effect from 2 December 2024, our Jersey office will be moving to Osprey House. BWCI Managing Partner, Michael McKay, said: “Our office in Kingsgate House has served us well over the last 21 years, but we…
October 18, 2024
What’s changing? The States of Guernsey have recently announced that self-employed company owners currently paying self-employed social security contributions will automatically become employed for social security purposes from 1 January 2025 unless they opt to remain self-employed. This has a wide ranging impact on your pension arrangements which are highlighted below. If I change…
September 20, 2024
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “offsetting” remains the most commonly adopted remedy” The value of pension benefits may be substantial, which is why they are taken into account when determining how the marital assets are to be carved up on divorce. The second edition of “A Guide to the Treatment of Pensions on Divorce” has…
September 18, 2024
By Mark Colton at BWCI mark.colton@bwcigroup.com “The world will have to decarbonize” Carbon Literacy is: Why is it important? So far, the world’s score card for delivering the Paris Agreement’s objectives looks a bit disappointing. Government initiatives are delayed, watered-down or faltering. All the more reason for individuals and companies to effect positive change. This is…
July 31, 2024
Left to right – Back row: Simon de la Mare, Karel Booysen, Lydon Corbin, George Edwards, Harry Brooke, Ryan Hardiman and Ben Lee Front row: Alan Prince, Eloise Desmond, Jade Allez, Tori Kettlety and Christopher Ferry (Alex Bushell, Volga Frunze and Matt Stanbury were unavailable for the photograph) BWCI is pleased to announce a total…
July 24, 2024
Matt Stanbury We are delighted to announce the promotion of Matt Stanbury to Partner. Matt joined BWCI in 2005 and qualified as a Fellow of the Institute and Faculty of Actuaries in 2012. Matt is an experienced pensions actuary who advises the trustees and sponsoring employers of local and international pension schemes. In addition to…
July 19, 2024
Stephen Ainsworth BWCI’s flagship Blue Riband pensions products have recently signed up to the Guernsey Association of Pension Providers (“GAPP”) Environmental, Social and Governance (“ESG”) Framework for Pensions. This framework recognises Guernsey pension providers which have embedded ESG into their processes and decision-making, an area BWCI has long viewed as a priority. The Framework introduces…
July 1, 2024
By Ryan Hardiman at BWCI ryan.hardiman@bwcigroup.com “guidance aims to bridge the gap between regulatory expectations and current practice” EIOPA¹ provided guidance on running climate change materiality assessments and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA) process in mid-2022. However, the timing coincided with a particularly busy period for many European insurers,…
June 24, 2024
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “an opportunity to refine and improve pensions provision” Guernsey’s secondary pensions, which is analogous to auto-enrolment introduced in the UK back in 2012, is being phased in from 1 July 2024. This notable change in the obligations for employers is expected to expand the scale of personal pension saving in…