Member Communications

A deferred pension applies to someone who has stopped paying into a state pension scheme but is not yet retired, so continues working either part or full time. The individual can choose to keep their benefits in the scheme and receive their pension income later at a more advantageous rate.

The UK adopted this back in 1948 but in Guernsey, deferred pensions do not exist - you have to start receiving your States’ pension when you reach the statutory age.

The CGi would like this to change. We want the States to offer local employees the option not to take their pension at the usual age but at a time when it suits the individual so they accrue financial benefits.

With a forecast reduction in working population, and increase in the number of Islanders retiring, this would fit with the 'Longer Working Lives' Policy and recommendations adopted by the States earlier this year.

We are to send Federation members a short online survey for their views. The results will be incorporated into our discussions with Social Security.

ONE topic that has been top of mind over recent months is GDPR.

Have you all taken steps to ensure compliance with our local laws that mirror the EU’s legislation?

We are in regular touch with the Office of the Data Protection Commissioner and if members are encountering issues we would be happy to discuss with the Commissioner and provide support and general advice to members on compliance. Please feel free to email enquiry@thecgi.net

THE CGi really wants to play a part in kick-starting Guernsey’s economy and continues to engage with the key decision makers on the island. We regularly meet with senior civil servants and politicians from the Chief Minister down and discussions have included the Population Management Law (PML), incentives for start-up and local businesses, deferred pensions along with and green energy and renewables.

The responses have been encouraging and the dialogue will not stop. It was also positive to see Deputy Charles Parkinson attend our AGM in March and field questions on a wide range of topics.

The PML is still a barrier to local companies expanding so we are to restart our campaign with two aims – the short term (9 months on/three months off) licences to return without the five year maximum term and the classification of longer term licences to include essential roles other than those seem to suit the finance industry.

Thank you to all of you who took the time to reply to feedback on the new Economic Vision Strategy. We compiled the responses received and sent them on to Steve Wakelin, the States’ Chief Strategy & Policy Officer, for consideration prior to the States’ Debate on the Strategy earlier this month.

OUR rescheduled AGM takes place between 6 – 7pm on Wednesday 13th March in the Reading Room at Les Cotils Conference Centre. It will be followed by our Social Function to which members, colleagues and possible new members are invited.

At the meeting, Clive will provide an overview of the work undertaken during the past 12 months, a review of our financial position and there will follow an election and re-election of committee members.

Deputy Charles Parkinson, the newly elected President of the Committee for Economic Development, will be on hand at 18:45 to answer any questions in relation to the Population Management Law. He is also happy to discuss any matter that is of concern or interest to members.

Dr Andy Sloane, the Director of Financial Stability and International Policy Advisor at the GFSC will provide his thoughts on Guernsey’s economy today. He is currently on a sixth month secondment to Guernsey Finance with a brief to develop and deliver a policy framework and development strategy.

There will be a networking opportunity to meet other members with drinks and nibbles available at the end of the AGM.

We would be grateful if you could advise how many of you will attend so we can cater accordingly.

WHEN I sat down to write this, my last Chairman’s Report, I was under the impression 2016 had been relatively quiet year with the exception of course of the election in April.

However looking at many items of correspondence it became clear that the Confederation of Guernsey industry had been busy representing the interests of its members and the Island in general in many different forms.

Early in 2016 The States of Guernsey had formed what was known as Economic Engagement Forum. This consists of a group of representative from many of the Island's business sectors and through this forum we are continuously updated on the performance of the island’s economy and all the factors which affect it.

Obviously in June one of the key topics was the U.K.’s decision to withdraw from the EU. Guernsey was well prepared in advance for which ever outcome resulted from the referendum.

With the new assembly came ideas and suggestions from some of the new committees. One of these was the suggestion that GST should be introduced on the cost of legal services. Due to pressure exerted by the G4 of which the CGI is a member, this suggestion was withdrawn by the Minister for Economic Development.

The CGI have attended a number of meetings with Blue Islands, Aurigny, and consumer meetings with Condor. Each company has endeavoured to address its shortcomings but connectivity with the other islands and with the UK still falls short of the requirements of business, tourist and domestic travellers.

Work on CSR initiatives continued to progress with computer coding clubs being formed at St Martin’s and Castel Primary Schools. We thank Fultura Ltd for providing technical support that enabled these clubs to be formed. The computer clubs in the high schools continue to flourish and we shall continue to support them as appropriate.

The Guernsey School of Popular Music approached the CGI in early 2016 for support to provide after-school tuition services for students wishing to learn to play stringed and keyboard instruments. With help from the Confederation of Guernsey Industry, various obstacles have been overcome and clubs are now flourishing in two High schools.

The Confederation of Guernsey Industry mentored a sixth form student from the Grammar School in connection with his technology project.

This was very successful and Jack Taylor, the student, is now enjoying a five year apprenticeship with Jaguar Landrover Ltd in the UK.

Guernsey faces many challenges to meet the aspirations of P and R's ’happy and more economically viable island.’ The CGI will continue to represent the interests of its members wherever possible now and in the future.

This is my last report as Chairman of the CGi and I would like to thank all of you for the advice and support that I have received over the last three years.

Larry Granger