BWCI recently highlighted the timetable by which employers of different sizes were expected to be compliant with Guernsey’s Secondary Pensions requirements. This article focuses on the cost implications, as many employers are now looking at the potential budget...
It’s not unusual to want to bury your head in the sand when it comes to imminent change. But local employers in Guernsey won’t have the option to hide away when it comes to the introduction of secondary pensions in January 2023, subject to final approval from the...
Following much media speculation over the summer about how the UK State pensions would be increased next year, the UK Government confirmed in September that it would be suspending part of its “Triple Lock” policy for 2022. In this article we take a look at the...
Most international plans are set up initially to cover the benefit provision for a specific group of employees. However, the needs of employers often evolve over time, reflecting both changes to the organisation’s structure and external influences. Consequently, it is...
The Dubai Financial Services Authority (DFSA) recently released some revised rules covering employee benefit provision in the Dubai International Finance Centre (DIFC). These changes relate to the DIFC Employee Workplace Savings Plan (DEWS). Corresponding changes are...
The world of savings, budgeting and pensions is not top choice when it comes to reading material for most people. If we did a poll, out of the three listed, pensions often fall lower down on the to do list – partly because retirement always feels like ages away,...
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...
