By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “there are some concerning trends emerging.” Covid news still features prominently in the headlines on a regular basis, despite it being more than three years since the first Covid lockdown was announced. The Continuous Mortality Investigation (“CMI”) analyses the death data in England and Wales published by the Office for… Read More »
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… Read More »
By Mike Freer at BWCI mike.freer@bwcigroup.com Guernsey’s Secondary Pensions system is edging closer to being launched. After the States debate was unexpectedly deferred for 6 months from May to November last year, a draft of the Secondary Pensions law¹ was finally debated and agreed at the end of 2022. This was followed by an… Read More »
April 5, 2023 BWCI is encouraging employers not to delay their workplace pension arrangements, after the States have confirmed the implementation date of 1 July 2024 which will result in the biggest transformation to retirement savings the island has ever seen. The States had formally approved the legislation at their November 2022 meeting but the… Read More »
By Mark Colton at BWCI mark.colton@bwcigroup.com “The sheer scale of the problem caught pension schemes off guard” The now infamous “Mini Budget” in September 2022 sparked chaos in UK financial markets. The headlines were filled with dire warnings of pension schemes becoming insolvent, yet many schemes’ funding levels have actually benefited substantially as a result of… Read More »