The Pensioneer Trustee Company (Guernsey) Limited

  •  
  •  
  •  

News Blog

What is the background to this case?

The case relates to a funded unapproved retirement benefits scheme (or FURBS) which is a Guernsey trust and holds assets of significant value, for the benefit of the sole member of the FURBS but also, if he dies, his wife. The husband and wife are going through a divorce in England and the wife sought to join the trustee into the family proceedings for the purposes of disclosure – i.e. she wanted to know what assets were vested in the trust.


Guernsey and Alderney residents will be automatically enrolled into a new pension scheme, under plans being drawn up.

The Guernsey social security department is looking for a provider for its secondary pensions scheme, which will encourage the population to save more towards their retirement.


Following a short but comprehensive consultation with industry, the Guernsey Financial Services Commission (GFSC) has issued The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules 2017, which came into operation on 30 June 2017.


Is your end of service gratuity based on the basic component of whatever your final salary is? Or is it based on a combination of what your basic salary was before your contract was changed plus what your basic salary was after it was changed?


French asset manager Amundi has said it has already attracted 10 multinational companies to use its pan-European pensions vehicle in Luxembourg for part of their pension arrangements.


Malta will be the "main winner" of HM Revenue & Customs' plan to change the 'eligibility criteria' for foreign pensions to qualify as recognised overseas pensions schemes (Rops), according to the director of European IFA firm Blevins Franks. 


45 per cent of UAE companies offer enhancements to end-of-service package.


Amwal and Bahrain-based Takaud have joined hands to provide long-term savings and pension products for the first time in Qatar’s corporate sector, a move that could go a long way to address the vast expatriate populations’ concerns on the end-of-service benefits.


Overseas pensions could be excluded from sharing orders during divorce proceedings after the England & Wales Family Court said that it has no power to make such an order.


Following the closure of the HMRC settlement period for for employee benefit trust settlement opportunity (EBTSO) last year, the tax authority has set out revised guidance outlining how income tax will be offset for non-disclosed years


 

Archive

Contact us

The Pensioneer Trustee Company (Guernsey) Limited
Richmond House, St Julian’s Avenue
St Peter Port, Guernsey
Channel Islands GY1 1GZ

T +44 (0) 1481 747951

Privacy Policy & Disclaimer

Terms & Conditions

Website Designed by The In-Marketing Partnership

Receive our International Pension & Benefits newsletter

Regulatory Information

The Pensioneer Trustee Company (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 and subject to The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No.2) 2017.