Regulatory Alerts2021-10-21
Pension Scheme and Gratuity Scheme Rules and Guidance, 2021
The Guernsey Financial Services Commission issued the Pension Scheme and Gratuity Scheme Rules, 2021 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, comprehensive notification and reporting obligations to the Commission, and rigorous oversight of service providers. Additionally, licensees are required to maintain detailed documentation, ensure transparent disclosure of charges and benefits to members, and enforce timely payment of contributions.
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