Collas Crill Senior Associate Kerrie Le
Tissier discusses the introduction of the new Guernsey
pensions regime and the criteria that every Guernsey pension and/or
gratuity scheme has to meet to qualify for an exemption under the
Common Reporting Standard.
The pensions industry makes up a significant part of the
island's financial sector, with many experienced providers
offering a broad range of products, from domestic occupational
pension schemes and personal pension schemes to international
pension schemes for non-residents.
What happened on 30 June 2017?
This was an important date for pension providers in Guernsey for
two reasons. To begin with, a new regulatory and supervisory set of
rules for pension and gratuity schemes was introduced and it was
the first reporting deadline under the Organisation for Economic
Co-operation and Development's Common Reporting Standard (CRS).
This was by no means a coincidence; the two are closely linked
– CRS offers certain
