Both Guernsey and Jersey rang in 2021 with changes to their data protection registration regimes. Data controllers and processors handling personal information will now be required to register and pay an annual levy in January or February of each year. This includes a variety of entities such as trustees (both corporate and groups of individuals), insurance companies and employee benefits administrators.Download article
BWCI is delighted to be able to offer a bursary to a local student once again in 2021.
We are inviting applications from Guernsey resident students with local residential qualifications who have, or are expected to achieve, at least two A grades at A level, one of which must be in maths. Students studying for a degree in maths, economics or degrees with some maths content will be given preference.
In the midst of a pandemic, with face-to-face trustees’ meetings discouraged, or even prohibited in some places, it is harder for trustees to carry out governance activities in the traditional way. It is important that a scheme’s governance arrangements remain robust at all times, as good governance is paramount to delivering good outcomes for pension scheme members; a well-run scheme is a well-governed scheme. Fortunately there are tools to help.Download article
We are delighted to announce that Amber Buckingham, who completed her final exam to qualify as an actuary last year, has been awarded the Worshipful Company of Actuaries’ Prize for the Pensions and Other Benefits exam.Download article
Packaged Retail and Insurance-based Investment Products, known as “PRIIPs”, can be complex financial structures which may not necessarily be well-understood by potential investors. To try to address this, EU regulations require every potential retail investor to be provided with a Key Information Document “KID” for any PRIIP they are considering.Download article