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 put in place pension arrangements, satisfying the criteria, for all of their employees who fall within the scope of the… Read More »
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 globe, crossing the International Date Line (“IDL”) from east to west. Kiribati The… Read More »
By Amber Buckingham at BWCI amber.buckingham@bwcigroup.com “there may be changes in circumstances” The trust industry is a well-established part of the finance sector in the Channel Islands. Administered by trustees, a trust provides legal separation and protection of its assets from the settlor’s¹ other assets, whilst still enabling the settlor to specify how the trust’s assets… Read More »
By John Martin As part of the ongoing rollout of Guernsey’s Secondary Pensions, all employers and employees should be aware of an important update coming into effect on 1 January 2026; an increase in the statutory minimum contribution rates. This change is a legal requirement under Guernsey law, meaning all employers and employees must ensure… Read More »
“the proposals go much further than initially anticipated” Back in 2018 the Isle of Man Financial Services Authority (IOMFSA) published a discussion document inviting feedback on its intention to enhance the regulatory framework for private pensions and their providers. It received 9 responses and published the feedback document in the second half of 2018, with… Read More »