Prospective Firms FAQ

Question 1

Will the corporate pension plan be able to cater for our globally mobile employees when they retire, regardless of where they decide to retire to?

Accepted Answer

Our corporate pension scheme was designed with the aim of enabling employers to meet the many needs of a global workforce. The tax neutrality of Guernsey allows the flexibility for members to be taxed in the country where they are tax resident, giving them the flexibility to decide where they wish to be resident at the time of retirement, knowing that their pension benefits are secure.

Question 2

Would we be able to establish a single corporate retirement plan for all our employees across the globe?

Accepted Answer

The administration system allows for multiple points of contact or a centralised point of contact to cater for all members regardless of where they are geographically based across the globe.

Question 3

Is there any cross-contamination of costs or investment performance between the various employers or the members who participate in the overall scheme?

Accepted Answer

Each employer will have a ringfenced scheme established for their employees with no cross subsidies between the schemes. There are sub plans in each scheme within which each employee is ringfenced and no cross subsidies between the members of each scheme.

Question 4

Why Guernsey?

Accepted Answer

Guernsey is a world class jurisdiction for international financial services offering political stability, financial security and robust pension legislation within a well-regulated environment.

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Prospective Firms FAQs answered

Prospective Firms
FAQs answered