Guernsey - a safe place for your pension pot
Guernsey offers a safe choice for individuals and companies looking for a pension solution. The island offers clients a reassuring mix of stability, good governance and more than 30 years’ experience in the sector. This level of experience has resulted in the build-up of a number of service providers in Guernsey and as a consequence, a greater depth of expertise over many competitor jurisdictions.
Pensions in Guernsey
The island has a broad range of established international and domestic pension providers as well as pension trustees, investment managers, actuaries and payroll professionals to assist your pension provider throughout the lifecycle of your scheme.
This comprehensive range of available service providers combined with a stable regulatory framework makes Guernsey an easy and straightforward place to do business.
What’s available in Guernsey?
Guernsey’s pensions industry is principally built upon offering flexible and bespoke international pension plans (IPPs). IPPs provide a highly efficient and flexible way of providing for retirement and the succession planning needs of globally mobile employees and expatriates.
Some plans are designed for globally mobile employees who may build up pension rights while working in a number of jurisdictions.
Other types of IPPs provide individuals and corporates with a solution in locations where little or no pension legislation exists or pension providers are limited. Such areas include Africa, the Middle East, Russia, and South America.
Channel Islands Financial Ombudsman
Since it was established in 2015, the Channel Islands Financial Ombudsman (CIFO) has included within its scope complaints about pensions providers, intermediaries and managers based in Guernsey.
Individuals and small business, whether they are in the Channel Islands or not, can use CIFO to settle complaints left unresolved by their pension provider.