Secondary pensions held up by Covid and Brexit

The scheme for Guernsey and Alderney was due to be established next year after being approved by deputies, but Brexit and Covid-19 have been blamed for causing a delay.

Industry sources said no alternative start date had yet been proposed. But a delay was not unexpected given the challenges of the past year, and that it could help businesses already hit by the pandemic prepare for the scheme’s implementation.

Local employers will be obliged to offer a pension scheme for staff if they do not do so already, and to make contributions of up to 3.5% of salary. Many are…

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