What’s changing? The States of Guernsey have recently announced that self-employed company owners currently paying self-employed social security contributions will automatically become employed for social security purposes from 1 January 2025 unless they opt to remain self-employed. This has a wide ranging impact on your pension arrangements which are highlighted below. If I change… Read More »
Matt Stanbury We are delighted to announce the promotion of Matt Stanbury to Partner. Matt joined BWCI in 2005 and qualified as a Fellow of the Institute and Faculty of Actuaries in 2012. Matt is an experienced pensions actuary who advises the trustees and sponsoring employers of local and international pension schemes. In addition to… Read More »
By Ryan Hardiman at BWCI ryan.hardiman@bwcigroup.com “guidance aims to bridge the gap between regulatory expectations and current practice” EIOPA¹ provided guidance on running climate change materiality assessments and using climate change scenarios in the Own Risk and Solvency Assessment (ORSA) process in mid-2022. However, the timing coincided with a particularly busy period for many European insurers,… Read More »
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “an opportunity to refine and improve pensions provision” Guernsey’s secondary pensions, which is analogous to auto-enrolment introduced in the UK back in 2012, is being phased in from 1 July 2024. This notable change in the obligations for employers is expected to expand the scale of personal pension saving in… Read More »
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 »