One of the key issues for individual’s who want to take advantage of an International Pension Plan (IPP) run from a location such as Guernsey is ensuring their investment has the right safeguards in place. The recent launch of the Channel Islands Financial Ombudsman will help provide the kind of infrastructure that makes this possible.
It is becoming more common for teachers to seek employment overseas, both to gain new experiences and to become immersed in different cultures. Schools in places such as the Middle East and Asia are also looking for high quality graduates from places like the UK, Europe and the USA to come and teach locally. This sharing of cultures and new ideas is positive for both parties and can offer students and pupils a different take on the world, which is important in an increasingly global marketplace.
For large corporations with employees operating in a number of different countries, the issue of how pension provision is organised can very quickly become complicated.