Brexit has led to a wide range of opinions as to what it will actually mean in practice. UK Prime Minister Theresa May has assured the world that “Brexit means Brexit and we are going to make a success of it.” Clearly there are a huge number of issues to be considered, but we focus on the insurance aspects and the implications for the UK and its trading partners.
Would you like to win a supply of art materials? Then enter the BWCI Camerata Orchestra's competition to create an eye-catching poster for their next popular family concert, titled "Funbag”, featuring a collection of cartoon music, Mexican Hat Dance, Thunderbirds, Old Macdonald and a few surprises. Click here to find out more!
Just over a year ago Tynwald approved a high level framework to reform State pensions in the Isle of Man. At that stage, while the general approach to how the system would change had been agreed, the details of how and when the changes would be implemented had yet to be determined.
Jersey’s Minister for Social Security has just launched the first part of a review into the provision of retirement income entitled “Living Longer: Thinking Ahead”. This initial stage, of what is expected to be a three year project, is seeking feedback from the public to help set the direction of Jersey’s Social Security scheme and retirement income system for the next 30 years.
The 2015 revision of the Pension Schemes' Statement of Recommended Practice (the Pensions SORP) has resulted in some significant changes to the information that trustees need to include within pension scheme accounts.