As many employers will be aware, following the enactment of the Private Sector Pensions Act 2019 (“the Act”), which came into force in August 2021, all employers within Gibraltar’s private sector must provide all eligible employees with access to a workplace pension scheme.

The Act represented a transformative initiative to ensure comprehensive retirement security for private sector employees by mandating employers to establish and contribute towards occupational pension schemes and set the stage for a more secure financial future for their workforce. 

Implementation of the provisions of the Act was deliberately phased in order to give employers sufficient time to meet these new requirements:

Following on from Enterprises and Large employers, we are now coming up towards the deadlines for Medium, Small and even Micro businesses to take steps towards ensuring their compliance with the provisions of the Act.

Should you wish to know more about what the Act means for you and your company, we would be happy to assist. We provide independent pension management, dealing with various independent financial advisors, and offer expertise in scheme governance, regulatory compliance, and fiduciary responsibilities, delivering a fully compliant pension scheme. Our experienced trustees bring a wealth of knowledge in pension management, safeguarding the interests of both employers and employees.

Let our seasoned team handle the administration and regulatory aspects, allowing employers to focus on your core business operations and your employees the peace of mind of having our team look after you.

Your contacts: 

wayne.fortunato@linegroup.gi
yvonne.victor@linegroup.gi
peter.donovan@linegroup.gi