News
December 21, 2023
BWCI has been a member of DIFERA since 2018. This is Liberate’s employer accreditation scheme which awards organisations with a quality mark to demonstrate that the six principles of Diversity, Inclusion, Fairness, Equality, Respect and Acceptance are at the heart of what the organisation does. This year BWCI appointed a group of DIFERA “champions” to…
December 19, 2023
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “The priority for many schemes has become protecting their improved funding positions” A rapid rise in yields has changed the funding picture for many Defined Benefit (“DB”) pension schemes dramatically over the last couple of years. It is hard to exaggerate the speed at which the yields on UK…
November 30, 2023
Local pension provider, BWCI Pension Trustees Limited has announced changes to its Blue Riband range of pension products to align with its commitment to sustainability and responsible investing. BWCI has also pledged to achieve net-zero greenhouse gas emissions by 2030. Lifestyle members of Blue Riband can now access “Green” or “Sustainable” funds, which incorporate sustainable…
November 6, 2023
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “the excess deaths, relative to the number expected, has increased” In the previous edition of Bandwagon we highlighted the emerging trend, which was identified in the second quarter of 2022, of the increasing number of “excess deaths”, relative to those expected based on the rates of mortality experienced in 2019.…
October 30, 2023
By Clair Le Poidevin at BWCI clair.lepoidevin@bwcigroup.com “a significant milestone in reforming the Solvency II framework” On 29 June the UK Prudential Regulation Authority (PRA) published a consultation paper (CP 12/23) on proposed changes to the Solvency II regime within the UK. The consultation is a significant milestone in reforming the Solvency II framework for the…
October 23, 2023
By Jonathan Kemp at BWCI jonathan.kemp@bwcigroup.com “a tectonic shift in insurance accounting” IFRS 17 Insurance Contracts, a new insurance accounting standard, represents a tectonic shift in insurance accounting. The implementation date of 1 January 2023 means that many companies are now only a few months away from producing their first annual financial statements under the…
October 18, 2023
By John Martin (Please contact John on 01481 728432 or email john.martin@bwcigroup.com if you wish to discuss this article or anything relating to secondary pensions). The States of Guernsey have recently issued subordinate legislation in relation to Secondary pensions (“called the Secondary Pensions (Guernsey and Alderney) regulations, 2023”) and Statements of Practice which supplements The…
October 18, 2023
States confirm definitive details for implementation of secondary pensions BWCI is encouraging employers to get ready for the implementation of secondary pensions after the States approved subordinate legislation and issued supporting Statements of Practice. This means that the definitive aspects and practical implementation of these new requirements have been confirmed in advance of the launch…
October 9, 2023
by John Martin (Please contact John on 01481 728432 or email john.martin@bwcigroup.com if you wish to discuss this article or anything relating to secondary pensions). It will soon be a mandatory requirement for all local businesses – regardless of industry or size of business – to enrol Designated Employees in an Approbated Pension Scheme and…
October 2, 2023
New R&D Senior Manager Anthony Brewer We are delighted to announce the appointment of Anthony Brewer as a Senior Manager to lead the Research and Development activities at BWCI. His arrival extends our Research & Development capabilities, tasked with business-wide exploration and delivery of technological innovation. He will also be directly supporting the Investment Services…
September 15, 2023
2023 Bursary Student We are delighted to announce that Lewis Rich has been awarded BWCI’s 2023 student bursary this year. Our bursary scheme, which has been operating for over 15 years, provides financial support throughout the student’s undergraduate studies, as well as a minimum of eight weeks’ practical work experience each year during university vacations.…
September 11, 2023
Stephen Ainsworth celebrates 50 years of service with BWCI September marks a significant landmark for Stephen Ainsworth, our Senior Partner, since he is celebrating the completion of fifty years of service with the BWCI Group and its antecedent businesses. It was in 1973 that Stephen joined the London Practice of Bacon & Woodrow as a…