Erin Bisson

The Guernsey Financial Services Commission (“GFSC”) published draft revised pension rules for consultation in September. The proposed changes clarify the existing requirements as well as reducing the current overlap and duplication of requirements placed on licensed pension providers. A key change is that the conduct of business provisions (covered by chapters 2 to 9 of the current rules) have been absorbed into the new draft Fiduciary Handbook. Some new requirements are also proposed.

Download article