IN AN interview with this newspaper, the new Treasury and Resources minister said he really could not understand why the current unaffordable and gold-plated pension scheme for civil servants and public sector employees hadn’t been closed to new entrants.

THE fallout from the loss of Low Value Consignment Relief and the crack down on Qrops (qualifying recognised overseas pension schemes) is taking many forms.

GUERNSEY-BASED Qrops providers are looking at Malta in a bid to save their businesses.

THE Guernsey pensions industry is continuing the battle to save the sector.

A TOP pensions lawyer in the UK has warned that Guernsey is likely to expect more pressure from Her Majesty’s Revenue and Customs and the UK government as the great tax clawback continues.

GUERNSEY’S pension industry is pondering its next move this week in a bid to save the island’s under-threat Qrops business.

GUERNSEY’S transparency meant it was the first to be hit by HMRC’s Qrops crackdown, a UK-based pension adviser has said.

JUST three Guernsey-registered Qrops remain on HM Revenue and Customs’ approved list as the UK authorities went ahead yesterday with its threatened exclusion of more than 300 Guernsey schemes.

GUERNSEY looks set to introduce a new pension regime, under which benefits would not be taxable, to resolve the threat of the closure of the Qrops industry.

AN AMICABLE conclusion to Guernsey’s public sector pension review will rely on the States’ ability to present a case for change, the new chairman of its joint working party has said.