Pension Rules Feedback

The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No.2) 2017 were issued by the Commission on 25 August 2017. The Commission has been engaging recently with the Guernsey Association of Pension Providers ("GAPP") and GAPP has agreed to ask its members for feedback on whether any improvements could be made to the Rules.  All suggestions will be passed on to the Commission. Firms and individuals who may not be members of GAPP are also invited to submit their views directly to the Commission by e-mail to fiduciary&[email protected] before 28 February 2018. In the meantime, firms are encouraged to continue reviewing and, where necessary, enhancing their policies, procedures and controls in order to ensure that they meet their obligations under the existing Rules by the end of the transitional period which is 30 September 2018.