By Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “The IOM FSA confirmed that it intends to base the new provisions on the UK funding requirements.” In Issue 2 2025 of Bandwagon we reported on the Isle of Man Financial Services Authority’s (IOM FSA) consultation on changes to the Retirement Benefits Schemes Act 2000. The proposed update to… Read More »
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 Michelle Galpin at BWCI michelle.galpin@bwcigroup.com “embed climate and nature risks into existing risk management frameworks.” As climate change and nature loss increasingly shape the global financial landscape, the Isle of Man Financial Service Authority (IOM FSA) has issued a comprehensive guidance document aimed at regulated firms, encouraging them to review their risk management strategies to… 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 »