Jamaica Archives - Page 4 of 4 - Pension Policy International

13AprApril 13, 2020

Jamaica. COVID-19 is opportunity in disguise – disaster risk expert

Dr Dennis Edwards, who was part of a panel organised by the Caribbean Sociological Association (CASA) to examine the social fallouts occasioned by the pandemic last week, said COVID-19 should be taken “as a sort of opportunity in disguise”. “I am of the view that we here in the Caribbean – this being maybe the third most multi-hazard region in the world – should be taking this time to simulate, model, drill, not only for a single disaster such...

April 13, 2020

News, Slider2020, Coronavirus, COVID-19, Jamaica, Social Protection

07FebFebruary 7, 2020

The pension crisis of Latin America

The privatisation of the pension fund system in Latin America was hailed as one of the most important developments of the 1990s. A major challenge for developing countries is the lack of local savings. By definition, developing countries are in transition. They need a great deal of capital to modernise their infrastructure and improve their workforce through better education and health systems. This left most countries highly dependent on international capital flows. The problem is that international capital flows...

February 7, 2020

News, Slider2020, Jamaica, System sustainability

17JanJanuary 17, 2020

Japan supports IDB’s social projects in Caribbean

The Inter-American Development Bank (IDB) says it has partnered with Japan's Government Pension Investment Fund (GPIF) in promoting and developing “socially responsible capital markets” through investments in IDB social bonds focused on education-youth-employment (EYE) in Latin America and the Caribbean. The Washington-based financial institution on Wednesday said that its social (EYE) bonds “foster human capital development from the classroom to the workplace”. “The funds raised through them will finance projects in Latin America and the Caribbean that promote effective...

January 17, 2020

News, Slider2020, Asia, Investment, Jamaica, Japan, Social Protection

29JulJuly 29, 2019

Jamaica. Imminent pension plan reforms will allow them to invest in a wider range of assets

Minister of Finance and the Public Service Dr Nigel Clarke moved amendments to the Pensions (Superannuation Funds & Retirement Schemes) (Investment) (Amendment) Regulations 2019, which were passed by the House of Representatives. These amendments will broaden the range of permissible assets in which pension plans can invest, and strengthen the legislative framework with respect to safeguarding the assets of pension plans. Giving his rationale for the change, Clarke observed “Mr Speaker, as we move into a new regime that's...

July 29, 2019

News, Slider2019, Jamaica

10AugAugust 10, 2017

Jamaica. NCB Insurance wins third consecutive World Finance Pension Award

NCB Insurance Company Limited’s (NCBIC) pension fund management services is among the most financially stable and innovative in the world. So surmises World Finance in a July 6 press release announcing its 2017 Pension Fund Awardees. NCBIC received the 2017 title for the best pension fund manager in the Caribbean. This is the company’s third consecutive win and its fifth in seven years having copped the title in 2011, 2012, 2015 and 2016. “We are truly honoured to have been selected another...

August 10, 2017

News, SliderJamaica

17JulJuly 17, 2017

Jamaica. Prime Minister stresses urgency of pension reform

Prime Minister Andrew Holness has said that urgency must be placed on settling the issue of public sector pension reform. Acknowledging concerns expressed by trade unions relating to the five per cent increase in contributions by workers, Holness noted that failure to reform pensions will result in a “major crisis on our hands. “I cannot overemphasise that point. In 1990 the pension bill of the Government was 0.4 per cent of the Gross Domestic Product (GDP). Today it has more than...

July 17, 2017

News, SliderJamaica

07JunJune 7, 2017

Jamaica. Rebranded VM Pensions Management Plans Operations Overhaul

Prime Asset Management has changed its name to Victoria Mutual Pensions Management Limited to identify more closely with its parent company. The third-largest pension fund manager by assets under management is using the opportunity to refresh its operations and improve performance levels, according to CEO Rezworth Burchenson. "We have a robust pipeline of new investments," said Burchenson ahead of Tuesday's rebranding ceremony. They include upgrading VM Pension's investment management platform with a spend of over $100 million; upgrading the administration system;...

June 7, 2017

NewsJamaica

29MayMay 29, 2017

Jamaica’s labour minister urges population to get a retirement plan

By virtue of their longevity, centenarians Violet Mosse Brown, 117, and Hubert Williams, 104, have ostensibly highlighted the importance for working Jamaicans to acquire retirement plans, Minister of Labour and Social Security Shahine Robinson has pointed out.“To me, Auntie Vie (Mosse Brown) is a living testimony of the importance of the need to plan for retirement right from the start. And I am sure that Mr Williams can also tell you how important it is to plan,” Robinson...

May 29, 2017

NewsJamaica

April 2020

February 2020

The pension crisis of Latin America

January 2020

July 2019

Jamaica. Imminent pension plan reforms will allow them to invest in a wider range of assets

August 2017

Jamaica. NCB Insurance wins third consecutive World Finance Pension Award

July 2017

Jamaica. Prime Minister stresses urgency of pension reform

June 2017

Jamaica. Rebranded VM Pensions Management Plans Operations Overhaul

May 2017

Jamaica’s labour minister urges population to get a retirement plan