Managing multiple pensions from different jobs can quickly become overwhelming. People now change jobs more frequently than in the past, when staying with one employer for an entire career was more common. As a result, you now may have several pension pots from previous employers. Even if they are with the same provider, they might… 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 »
By Anthony Brewer at BWCI anthony.brewer@bwcigroup.com “The priority for many schemes has become protecting their improved funding positions” A rapid rise in yields has changed the funding picture for many Defined Benefit (“DB”) pension schemes dramatically over the last couple of years. It is hard to exaggerate the speed at which the yields on UK… Read More »
By John Martin (Please contact John on 01481 728432 or email john.martin@bwcigroup.com if you wish to discuss this article or anything relating to secondary pensions). The States of Guernsey have recently issued subordinate legislation in relation to Secondary pensions (“called the Secondary Pensions (Guernsey and Alderney) regulations, 2023”) and Statements of Practice which supplements The… Read More »
by John Martin (Please contact John on 01481 728432 or email john.martin@bwcigroup.com if you wish to discuss this article or anything relating to secondary pensions). The attractions of a self-employed lifestyle are well-known – turn your passion into work, get a strong sense of fulfilment, set your own hours, take time off when you like,… Read More »