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 Matt Stanbury at BWCI matt.stanbury@bwcigroup.com “challenging questions from auditors!” With so many companies having a 31 December financial year end, the pension scheme accounting season has been in full swing for several weeks now. The changes in economic conditions over the last year mean that defined benefit pension schemes’ liabilities are looking materially different from… Read More »
By Will Bean at BWCI william.bean@bwcigroup.com “2024 saw record low mortality rates” The Continuous Mortality Investigation (“CMI”) publish regular quarterly updates on the trends observed in mortality rates in England and Wales. Their analysis is based on the death data published by the Office of National Statistics (“ONS”) and the latest update provides some interesting observations… Read More »
By Mark Colton at BWCI mark.colton@bwcigroup.com “It is difficult to find a combination of acceptable investments that suits everyone” SPF Whether you favour winter slopes or summer beaches (or both), you’ll be reaching for the sunscreen. The SPF (Sun Protection Factor) is a handy number telling us how strong the stuff is. It is easy to… Read More »
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 »