A report assessing the projections and economic impact of a proposed system of automatic enrolment into private pension saving and a new Secondary Pension Scheme has been published today.
The Assembly directed the Committee for Employment & Social Security to report back to the States of Deliberation with detailed proposals for implementation and an economic impact assessment of the proposals. BWCI Consulting Limited was appointed to carry out the actuarial projections and worked in conjunction with Island Global Research Limited to produce the economic impact assessment. The scheme is expected to commence from 2020.
The report is available to download from the States of Guernsey Website: https://www.gov.gg/article/163365/Secondary-Pension-Scheme—projections-and-economic-impact-assessment