By Claire Du Feu at BWCI claire.dufeu@bwcigroup.com “the hope is that it will engender a similar pensions savings culture on the island” As 1 July 2024 approaches, the secondary pensions compliance deadline for employers in Guernsey and Alderney with at least 26 employees, what can we expect from the introduction of the new legislation? What’s… Read More »
Michael McKay Michael joined the BWCI group in 2016 and was appointed a partner in 2017. He takes over from Diana Simon who has recently retired. He will continue in his role as CEO of the BWCI Group fiduciary business which focuses on the administration and trusteeship of domestic and international pension plans and will… Read More »
The countdown to the 1 July 2024 deadline for employers to implement secondary pension schemes in Guernsey is well underway. It’s not just a legal requirement, but a pivotal opportunity to enhance your employees & financial security in their retirement years. At BWCI Group, we have over 40 years of experience and offer a comprehensive… Read More »
By Anthony Brewer at BWCI anothony.brewer@bwcigroup.com “removing all headline investment risks for a well-funded scheme does not guarantee success” As discussed in my previous article “Pension surpluses – what now?”, many Defined Benefit pension schemes are now in a strong funding position following a dramatic rise in interest rates in recent years. This has led… Read More »
By Samantha Smith at BWCI samantha.smith@bwcigroup.com “data in the COVID-19 pandemic years is problematic” Actuaries use mortality tables daily to estimate how much to reserve for a liability that is contingent on a human life. In a pension scheme context, these liabilities include the benefits payable on death in service and retirement pensions. The data… Read More »