GLOBAL PENSIONS SPECIALIST
An established centre of excellence for international pension and savings plans
JURISDICTION
GUERNSEY
No specific pension legislation. Legislation
Scheme regulation
Pension provider regulation
Consumer protection
Tax approval regime contained in Income Tax (Guernsey) Law 1975
✔
JERSEY
ISLE OF MAN
MALTA
The Retirement Benefits Schemes Act 2000 and The Retirements Benefits Schemes (International Schemes) Regulations 2001
The Retirement Pensions Act 2015
No current specific pension regulation
✔
✔
✘
✔
No specific pension legislation. Tax approval regime contained in Income Tax (Jersey) Law 1961
✘
✔
No current specific pension regulation
Scheme administrator is regulated
Pension advisers must be regulated in client jurisdiction
The Channel Islands Financial Ombudsman
The Channel Islands Financial Ombudsman
Isle of Man Pensions Ombudsman
Office of Arbiter for Financial Services
guernsey for pensions CONTinued...
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JURISDICTION
GUERNSEY
JERSEY
ISLE OF MAN
MALTA
TRANSPARENCY AND INTERNATIONAL COOPERATION
FATF compliance
OECD whitelist
EU whitelist
Economic substance legislation Member of the International Organisation of Pension Supervisors
Compliant with Moneyval and fully committed to the implementation of FATF and CFT recommendations.
✔
Positive assessment in 2009 and 2015
✔
(2019)
✔
Compliant or largely compliant with FATF and CFT recommendations.
✔
Positive assessment in 2009 and 2015
✔
(2019)
Compliant or largely compliant with FATF and CFT recommendations.
✔
Positive assessment in 2009 and 2015
✔
(2019)
Compliant or largely compliant with FATF and CFT recommendations.
✘ N/A
Introduced in 2019
Introduced in 2019
Introduced in 2019
✔
✘
✔
✘
✔
✘
✔
INTERNATIONAL PENSIONS International personal pension plan
✔
✔
✔
QROPS and QNUPS
International corporate pension plan
✔
✔
✔
✔
International savings plan
✔
✔
✔
✘
Pension providers/ Administrators
96*
16*
48*
17*
*Source: GFSC Q3 2020
*Source: Jersey Pension Association Q3 2020
*Source: IOM FSA Q1 2019
*Source: MFSA Q3 2020
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