Employee benefit services

We are focused on delivering effective solutions for pension plans and other employee benefit plans. These include specialised consulting and administration services and our Blue Riband product range of positive retirement solutions.

Investment services

We provide practical and high quality investment advice which is unbiased and free from conflicts of interest. A full range of investment services is available to trustees and sponsors of pension plans, as well as to insurance companies, financial institutions and charities.

Insurance services

We are innovative with the services we provide to international life assurance companies, friendly societies and captive insurance companies. These include the core actuarial functions as well as broader consultancy issues such as product design and pricing.

International services

BWCI is the Channel Islands member firm of Abelica Global, the international organisation of independent actuarial and consulting firms.

Market Research and Island Consultancy

Island Global Research is a market research and consultancy company. We support clients in developing policies and initiatives, in making strategic decisions, in monitoring implementation, and in evaluating performance.

News

IAS19 Changes

The International Accounting Standards Board (“the IASB”) recently issued amendments to IAS 19 Employee Benefits, which will affect the accounting treatment of certain “Special Events” (amendments, settlements and curtailments) in defined benefit pension plans.

Over-optimistic life expectancy projections?

Until relatively recently, the media has regularly reported that people are living longer than previously anticipated, as mortality rates continued to fall; to put it another way, average life expectancy has been continuing to increase.

Reviewing Investment Management Charges

It is important for pension scheme trustees to monitor whether the fees charged by their investment manager are reasonable. This is particularly important in defined contribution schemes, where charges are generally borne by the member and could potentially have a significant impact on their final retirement savings.

Isle of Man Budget

The 2018 Isle of Man Budget, which was published on 20 February, set out a significant number of changes to different aspects of pension provision.

Guernsey Secondary Pensions Update

Back in February 2016 the States agreed, in principle, to the introduction of a secondary pension scheme in Guernsey and Alderney. This is expected to be phased in over 7 years, beginning in 2020.