Bailiwick Business News

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Bailiwick Business News : September 2021

New Cannabis Cultivation Licensing System Attracts Multiple Applicants

Wednesday 08 September 2021

Seven applications for cannabis cultivation licences have been received following the signing of a Memorandum of Understanding (MoU) with the UK Home Office relating to cannabis. Read More here

Cherie Blair to headline Guernsey Private Wealth Forum

02 September 2021

WE ARE GUERNSEY is delighted to confirm that leading international human rights lawyer Cherie Blair will headline the fourth annual Guernsey Private Wealth Forum as it returns as a physical event in London in October.

A long-time campaigner for women’s equality, Mrs Blair is also the Founder of the Cherie Blair Foundation for Women, which is fighting to close the global gender gap in entrepreneurship through supporting women entrepreneurs in low and middle income countries.

Read More Here

Secondary Pensions coming in 2023

BWCI Group

It has been confirmed that the implementation date for secondary pensions has been delayed a year. Download article

What we know so far
It has been confirmed that the implementation date for secondary pensions has been delayed a year. Consequently, this significant change to Guernsey’s pension landscape will now be phased in from 1 January 2023. Employees will be enrolled in phases over
15 months, depending on the size of their employer (in terms of number of employees), starting with the largest employers first.

This means that, at some point between January 2023 and March 2024, all Guernsey employers will need to automatically enrol “eligible employees” into a “qualifying pension scheme”.
This could be either the employer’s own scheme, a pension product (such as BWCI’s Blue Riband range), or the new default States’ scheme “Your Island Pension”.

20 BLE Annual Report Released

Bailiwick Law Enforcement has released its annual report for 2020

The report has been released alongside the Financial Intelligence Services’ annual report.

05 August 2021 VIEW MORE

While Covid-19 made 2020 an extremely challenging year for Guernsey Police and the Guernsey Border Agency, both organisations also rose to the challenge, and went above and beyond in their duties to help keep the island safe.

This longer-than-usual report details all the extra work undertaken by Bailiwick Law Enforcement as a result of the pandemic.

‘Business as usual’ work did not stop because of the coronavirus though, and the usual work BLE undertakes year to year to keep the Bailiwick community safe also continued. Customs and Immigration teams continued to unravel the additional work presented by Brexit, while Law Enforcement continued to enforce the law while working within the Covid guidelines.

TISE makes Listing Rule changes to target SPACs

August 16th, 2021

The International Stock Exchange (TISE) has revised its Listing Rules to attract Special Purpose Acquisition Companies (SPACs).

SPACs activity has surged in 2021, especially in the US, and now the UK has launched a new SPAC listing regime which came into effect from 10 August.

TISE initially introduced rules for listing SPACs in 2015 and it has recently revised them to align with developing market trends in both the US and Europe and notably, where there may be an institutional investor base. Read More Here

Guernsey Water celebrates refill station milestone

Monday 09 August 2021

Guernsey Water’s first permanent water refill station has hit its first milestone during its first six weeks of use, providing just shy of 1000 litres of water to Town workers and visitors. A fantastic success, by encouraging the use of reusable water bottles, this has saved the equivalent of up to 2000 500ml single-use water bottles from going to waste.

After planning permission was granted last year, the station was unveiled for use in June and is located near the Liberation Monument in St Peter Port. Further refill stations are planned in the near future – further helping the people of Guernsey to cut down on the use of single-use plastic.

Steve Langlois, Guernsey Water’s Managing Director said: said: “This is a momentous occasion for our refill station, and we are so pleased at being able to help Guernsey reduce its use of plastic. Every year the world produces 381 million tonnes in plastic waste, so anything we can do to help reduce this is important. After only one month we hit the brilliant milestone of 589 litres, which has further increased to 1000 litres in the following two weeks. I look forward to seeing how many plastic bottles we can save from going to waste in the next month, year and decade.” He continued: “The refill station will not only help prevent plastic waste, but also allow access to clean safe water for every member of the public at any time of the day. We look forward to introducing more refill stations for Islanders in the next few