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After the company's privatization, a sum of J$400 million remained within the pension fund. Clause 4 of the pension deed stipulated that ‘No funds contributed by the Company under these terms shall, under any circumstances, be refundable to the Company.’ Air Jamaica Ltd aimed to eliminate clause 4 and modify clause 13.3 to state that ...
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification , liquidity , and professional management consulting service than is normally available ...
Guardian Holdings Limited started in 1847 when Standard Life of Edinburgh, Scotland entered the market and started a branch office in Trinidad. [1] Over time, Standard Life of Edinburgh closed operations and merged its Trinidad and Tobago portfolio with the portfolio of Jamaica Mutual Life Assurance Society on the 15th November, 1972.
A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be:
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A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government 's Social Security Trust Fund , which oversees $2.57 trillion in assets, is the world's largest public pension fund.
A trust company can be named as an executor or personal representative in a last will and testament.The responsibilities of an executor in settling the estate of a deceased person include collecting debts, settling claims for debt and taxes, accounting for assets to the courts and distributing wealth to beneficiaries.
A "unit trust" is created through a trust deed, and run by a fund manager, where people may buy or sell "units" in a fund that invests in a range of securities. Though constituted as a trust, it is classified by the Corporation Tax Act 2010 section 617 as a company, and units are shares. [ 136 ]