Global Pensions Specialist

Malta Guernsey Isle of Man Jersey Consumer protection Jurisdiction The Channel Islands Financial Ombudsman ✔ ✔ No specific pension legislation. Tax approval regime contained in Income Tax (Guernsey) Law 1975 Isle of Man Pensions Ombudsman ✔ Scheme administrator is regulated ✔ The Retirement Benefits Schemes Act 2000 and The Retirements Benefits Schemes (International Schemes) Regulations 2001 The Channel Islands Financial Ombudsman ✘ No current specific pension regulation ✘ No current specific pension regulation No specific pension legislation. Tax approval regime contained in Income Tax (Jersey) Law 1961 Office of Arbiter for Financial Services Pension advisers must be regulated in client jurisdiction ✔ The Retirement Pensions Act 2015 Pension provider regulation Scheme regulation Legislation

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Malta

Jersey Pension providers/ Administrators Jurisdiction 96* ✔ (2019) ✔ ✔ ✔ Positive assessment in 2009 and 2015 ✔ ✔ Compliant with Moneyval and fully committed to the implementation of FATF and CFT recommendations. ✔ Introduced in 2019 48* ✔ (2019) ✔ ✔ ✔ Positive assessment in 2009 and 2015 ✔ ✔ Compliant or largely compliant with FATF and CFT recommendations. ✔ Introduced in 2019 16* ✔ (2019) ✔ ✔ ✔ Positive assessment in 2009 and 2015 ✘ ✔ Compliant or largely compliant with FATF and CFT recommendations. ✔ Introduced in 2019 17* N/A QROPS and QNUPS ✘ ✘ ✘ ✔ Compliant or largely compliant with FATF and CFT recommendations. ✘ EU whitelist International personal pension plan International savings plan OECD whitelist Member of the International Organisation of Pension Supervisors International corporate pension plan FATF compliance Economic substance legislation TRANSPARENCY AND INTERNATIONAL COOPERATION INTERNATIONAL PENSIONS *Source: GFSC Q3 2020 *Source: IOM FSA Q1 2019 *Source: Jersey Pension Association Q3 2020 *Source: MFSA Q3 2020 guernseyfinance.com Join the conversation @guernseyfinance