Pensions changes finalised and coming into effect on 1 January 2015

15 Aug 2014

The Minister for Treasury and Resources announced major changes to Jersey's pensions regime as part of the 2015 Budget on 17 July 2014; draft legislation on those changes was lodged au Greffe on 18 July 2014 ("Draft Law"). 

If the draft legislation is passed by the States, the proposed changes will come into effect from 1 January 2015.

Schemes may need to change their scheme rules in order to take advantage of the flexibilities under the Draft Law.  Whether you are a trustee, employer or scheme manager, we can work with you to consider whether these changes are appropriate for your scheme or business.

Please click here to see our briefing.

For further information, please contact Nancy Chien.