By Chris Collier at BWCI chris.collier@bwcigroup.com “lifestyles and behaviours gradually change over time” The composition of the “basket of goods” used to quantify inflation provides an interesting, but perhaps not immediately obvious, insight into how lifestyles and behaviours gradually change over time. The December 2024 Jersey RPI figure is the first to be based on… Read More »
By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “likely to cause some concern for many trustee boards” The UK Chancellor’s speech on 29 January set out several strategies aimed at generating growth in the UK economy. One of the policy areas to be developed is to “introduce flexibilities for well-funded defined benefit schemes to release surplus funds… Read More »
By Hannah Rosumek at BWCI Group hannah.rosumek@bwcigroup.com “enable decision-making to be streamlined” The UK General Code of Practice came into force on 28th March 2024 and sets out the new governance requirements that are expected of a range of different types¹ of UK pension arrangements. Carl Stanford’s article in Issue 1 2024 provided a high-level overview… Read More »
Many of BWCI’s flagship Blue Riband pensions products¹ have signed up to a local initiative which was launched last year by the Guernsey Association of Pension Providers (“GAPP”). The Environmental, Social and Governance (“ESG”) Framework for Pensions (the “Framework”) recognises Guernsey pension providers which have embedded ESG into their processes and decision-making. What’s involved? The… Read More »
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).… Read More »