Guernsey int'l pension reforms a boost for Qnups
Guernsey's decision to update its pension regulations so that it includes international schemes could be to support growth in the Qnups market, according to David White, partner at The Qrops Bureau. Firms providing pensions have always been subject to licensing and supervision in Guernsey but the scope of the previous supervisory regime did not extend to pension schemes. The new supervisory framework, announced earlier this week, is due to come into effect from June this year. It will ensure the island's 50-plus international pension product providers will be formally supervised for the first time, as well as introducing a set of Conduct of Business Rules for domestic and international schemes. Please link to International Adviser to read the full article by Monira Matin.