Guernsey Workplace Pensions

We offer two different types of workplace pension: the Guernsey Retirement Plan and the Occupational Retirement Plan. Both solutions are unique to Rossborough Financial. Their subtle differences ensure a perfect fit depending on the requirements of the business.

Contact us to talk to our team about which plan would suit your business best.

Set up fees

There is a set up fee to cover due dilligence requirements and onboarding.

Annual Fees

The employer has the option to pay a fixed annual administration fee and trustee fee to reduce costs for the employees.

• The annual Administration Fee is based on the number of members and is confirmed in advance of scheme set up

• The current Trustee Fee is a fixed annual fee

The administration fee can either be paid by the employer (paid 6 monthly in advance), or deducted monthly from the contributions prior to investment into the member's plan.

The fund based charges are paid by the employee.

Annual Charge

This represents the cost of managing the underlying investment funds held in the members plan, expressed as the Total Expense Ratio (TER). It varies from fund to fund.

The TER, together with the Trustee Fee (if applicable), represents the Total Annual Charge for managing the investment of the pension funds and maintaining the members Plan. The Annual Charges are calculated proportionally each month and deducted by the sale of units.

Full details of all charges are confirmed in writing in advance of a pension scheme set up.

We recommend employers allow 3 months from the initial enquiry to scheme set up.

On leaving, members retain ownership of their benefits in the plan.  We will contact the member to discuss their options and continue to look after them after they have left service.

Employees can access their plans using the Zurich International Life Web based platform.