The UK's draft Finance Bill 2017 was published on 5 December 2016 following the UK Chancellor's Autumn Statement. It contains a number of changes to the UK taxation of foreign pensions which are expected to apply from 6 April 2017.
Guernsey’s Committee for Economic Development has recently released PwC’s strategic review of Guernsey’s insurance industry. It underlines the importance of the sector to the island’s economy; employing 11% of finance sector workers and generating an estimated 20% of the finance sector’s GDP.
We are pleased to be able to announce the launch of our 2017 undergraduate bursary. Now in its 11th year, BWCI’s bursary scheme has been specially designed to support local students wishing to study for a degree at university. As well as providing financial support, our bursary students participate in a structured training programme during their summer vacations throughout their course. The closing date for applications is Friday 10th February.
It was easy to be distracted in June with the final run up and the aftermath surrounding the UK’s referendum on EU membership. However, another event caught the attention of pension practitioners amongst June’s political intrigue. After much discussion between EU stakeholders, a final draft of the revised Pensions Directive was made public. Since the EU uses the term Institutions for Occupational Retirement Provision, the revised Directive is also known as “IORP II”.