"The efficient and responsive team at Bedell Cristin provides clear and practical solutions to complex issues."
Legal 500 2015

Pensions & Employee Incentives

Our highly experienced pensions and employee incentives team advises on all aspects of pensions and employee incentive arrangements. We pride ourselves on providing practical, commercial and easy to understand advice to trustees, beneficiaries and employers. Where contentious issues arise, we work closely with our litigation team to ensure that our service is seamless.

Pensions
Our specialist pensions legal team have experience in advising employers, trustees, administrators and other pension professionals across a wide range of pension related matters. The evolution of pension schemes requires careful consideration to market changes, as well as changes to the employers' circumstances and the shape of their workforce. Our capabilities reflect this, allowing us to advise on all aspects of a pension arrangement, including its establishment, ongoing review, and closure and termination.

With representation on the Jersey pensions law working group, we play an active role in shaping Jersey's pensions law and equally in Guernsey, we have an in depth understanding of the domestic legislation and governing regulation.

Our clients include employers, trustees and members, both domestically and internationally and we also enjoy close working relationships with international advisers such as lawyers and accountants on cross border schemes involving the jurisdictions where we practice.

Our expertise includes:

  • Establishing, ongoing review, closing and winding up of pension schemes
  • Reviewing and amending scheme rules to ensure their compliance with legislation
  • corporate governance issues
  • regulatory issues, including FATCA and the common reporting standard
  • Funding issues
  • Restructuring and insolvency solutions.
  • Corporate acquisitions, disposals, mergers and reorganisations
  • Legal issues relating to investments
  • Tax issues
  • Litigation
  • Pension issues on termination of employment
  • Trustee education and training

Employee Incentives
Employee incentive arrangements are a critical component in the employee and employer relationship and when deployed effectively, can drive and enhance performance. Our employee incentives team advises across a wide spectrum of arrangements including share option plans and bonus plans for both local and international clients.

Our expertise includes:

  • Establishing, structuring, ongoing review and terminating schemes
  • Working with employers to develop incentive programmes to motivate their key staff as well as meeting their commercial objectives
  • Corporate governance issues
  • Regulatory issues, including FATCA and common reporting standard
  • Corporate transactions, including mergers, acquisitions, restructures and dissolutions on all forms of employee incentives.
  • Excellent service and extremely responsive.
    Chambers 2015
  • The efficient and responsive team’ at Bedell Cristin provides clear and practical solutions to complex issues.
    Legal 500 2015
News/Experience
Bedell Cristin finalist in two STEP categories
13 Jun 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin is a finalist in two categories of the prestigious STEP Private Client Awards 2017/18.

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Bedell Cristin is shortlisted for Lawyer magazine award
11 May 2017 Jersey Guernsey London Singapore BVI

Bedell Cristin has been shortlisted for ‘Offshore Law Firm of the Year’ in the prestigious annual awards organised by The Lawyer.

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Bedell Cristin's outstanding service secures European Award
10 Apr 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin has been awarded the Offshore Client Service Award at the prestigious Chambers Europe Awards.

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Call for pension regulation in Jersey
Pensions & Employee Incentives 03 Nov 2016 Jersey

Speaking at the recent Jersey Pensions Association conference, Bedell Cristin's Nancy Chien highlighted the need for pension regulation in Jersey.

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Significant milestone for Bedell Cristin
20 Sep 2016 Jersey BVI Guernsey London Singapore

The management buyout of Bedell Trust has completed following regulatory approvals. As a result, Bedell Cristin is now a wholly separate business to Bedell Trust.

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Inaugural Jersey Pensions Association Conference
Pensions & Employee Incentives 13 Sep 2016 Jersey

The Jersey Pensions Association is staging its inaugural conference next month to address some of the key developments affecting providers of local and international pensions.

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Bedell Cristin named finalist in STEP Private Client Awards
28 Jun 2015 Jersey

Bedell Cristin has been shortlisted in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.

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Bedell Cristin is finalist in leading SE Asia Awards
06 May 2015 Singapore

Bedell has been shortlisted in the ‘Offshore Law Firm of the Year’ category in the prestigious Asian Legal Business SE Asia Awards 2015 for the third consecutive year.

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Bedell Cristin shortlisted for a further award
12 Mar 2015 Jersey

Bedell Crsitin has been shortlisted for a further industry awards adding to the accolades achieved to date this year.

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UK QROPS changes will affect Jersey Pension Plans
Pensions & Employee Incentives 28 Jan 2015 Jersey

The draft regulations on Qualifying Recognised Overseas Pension Schemes ("QROPS") (The Overseas Pension Schemes (Miscellaneous) Regulations 2015) (the "Draft Regulations")) published by HMRC on 19 December 2014 will have an impact on all Jersey pension sche...

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New Year begins with series of awards for Bedell Cristin
27 Jan 2015 Jersey Guernsey

Bedell has been recognised in a number of industry awards.

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New pensions law in Jersey
Pensions & Employee Incentives 24 Sep 2014 Jersey

The draft Income Tax (Amendment No. 44) (Jersey) Law 201- (the "New Law") was passed by the States Assembly (Jersey's government) today. The introduction of this legislation is designed to simplify and modernise the taxation of pensions and to increase the ...

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Bedell Cristin joins the World Services Group
05 Sep 2014 Guernsey Jersey Singapore BVI London

We are pleased to announce our membership of the World Services Group (WSG) representing both Jersey and Guernsey in the Channel Islands. We are looking forward to working with other member firms and developing our membership.

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Pensions changes finalised and coming into effect on 1 January 2015

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").

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New Charities Law for Jersey

The draft Charities (Jersey) Law 201- (the "Charities Law") has been lodged today for debate in July by the States Assembly (Jersey's government).

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The art of decision making by pension trustees: clarity provided by the Element Six Pension case
Pensions & Employee Incentives 01 May 2014 Jersey

On 4 February 2014 the Commercial Court in Ireland (the "Court") gave its judgment in Greene and Others v Coady & Others [2014] IEHC 38, otherwise known as the "Element Six" case.

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Chambers name Bedell Cristin ‘Offshore Law Firm of the Year’
30 Apr 2014 Jersey

Bedell Cristin has been named ‘Offshore Law Firm of the Year’ at the Chambers Europe Awards for Excellence 2014.

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Is your pension scheme compliant with the requirements for QROPS?
Pensions & Employee Incentives 15 Apr 2013 Jersey

It is important that Jersey pension schemes which receive transfers from UK pension schemes or other Qualifying Recognised Overseas Pension Schemes ("QROPS") comply with the requirements in the UK.

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Pension issues relating to an acquisition of a trust company business

Advising the purchaser on all pension law issues relating to an acquisition of a trust company business.

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Advising in relation to the termination of a pension scheme

Advising in relation to the termination of a pension scheme.

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Establishment of New Pension

Advising a UK based employer on the establishment of a pension arrangement for the staff of its Jersey and other overseas operations.

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Insights
UK QROPS changes will affect Jersey pension plans
Briefings | 28 Jan 2015

The draft regulations on Qualifying Recognised Overseas Pension Schemes ("QROPS") (The Overseas Pension Schemes (Miscellaneous) Regulations 2015) (the "Draft Regulations")) published by HMRC on 19 December 2014 will have an impact on all Jersey pension sche...

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Pensions changes finalised and coming into effect on 1 January 2015
Briefings | 13 Aug 2014

Our pensions briefing of November 2013 summarised the consultation paper entitled "Tax rules applying to pensions and pension schemes" ("Consultation"). A summary of the responses to the Consultation was subsequently presented to the States by the Minister ...

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The art of decision making by pension trustees: clarity provided by the Element Six Pension case
Briefings | 01 May 2014

On 4 February 2014 the Commercial Court in Ireland (the "Court") gave its judgment in Greene and Others v Coady & Others [2014] IEHC 38, otherwise known as the "Element Six" case. The judgment provides insight into the duties of pension trustees and fundame...

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Rejuvenation of Jersey's pensions regime
Briefings | 08 Nov 2013

On 8 October 2013, the tax policy unit of the States of Jersey issued a consultation paper entitled "tax rules applying to pensions and pension schemes" ("Consultation Paper"). The Consultation Paper seeks to modernise and simplify the current arcane rules...

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Is your pension scheme compliant with the requirements for QROPS?
Briefings | 08 Apr 2013

This briefing is relevant for trustees, employers, members and administrators of Jersey pension schemes that receive transfers from UK pension schemes or other Qualifying Recognised Overseas Pension Schemes ("QROPS") for Jersey residents. In practice this i...

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Pensions: Flexible approach
Articles | 12 Feb 2014

Senior Associate, Nancy Chien says that significant changes are on the horizon for pensions in the Island. Published in JEP Law and Accountancy Review 2014.

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Pensions: Protecting your QROPS
Articles | 15 Mar 2013

Nancy Chien, senior associate in the Private Wealth and Fiduciary, examines the importance of not falling foul of HMRC when moving benefits in a UK pension scheme in Jersey - published in the JEP Business Review - 14 March 2013.

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