Regulatory Alerts2025-05-16
Pension Scheme and Gratuity Scheme Rules and Guidance, 2020
The Guernsey Financial Services Commission issued the Pension Scheme and Gratuity Scheme Rules 2020 to regulate the formation, management, and administration of pension and gratuity schemes by licensed fiduciaries. The Rules mandate strict governance standards, including fair treatment of members, robust internal controls, and comprehensive record-keeping, while requiring regular notifications, annual returns, and quarterly reports to the Commission. Licensed fiduciaries must ensure compliance through self-assessments, proper documentation of governing instruments, and transparent provision of information to scheme members.
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