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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 ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
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.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
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 ...
NCB Group Limited was listed on the Jamaica Stock Exchange in 1986. [4] Between 1986 and 1991, the Government of Jamaica divested 61% of its shares in NCB Group Limited, and sold the remaining 39% to Jamaica M&N Investments Limited (a joint venture of the Jamaica Mutual Life Assurance Society and Jamaica National Building Society) in 1992. [4]
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.
Tavistock Group is a Bahamas-based private investment organization founded in 1975. The company is headquartered in the offshore financial center of The Commonwealth of The Bahamas and has offices in 13 countries; Bahamas, the United Kingdom, Australia, Canada, Mexico, the United States, Jamaica, Argentina, Poland, Moldova, Romania, Bulgaria, and Sri Lanka.