Pension and financial experts are calling on the Government to impose a system of compulsory pension payments and to relax restrictions on pension investments in equities, especially during the current economic downturn brought on by the COVID-19 pandemic.

They say these changes are vital to pension funds reaping adequate returns to fund retirement in the current COVID-19 economic climate.

The experts, W St Elmo Whyte, chief actuary with the firm Actman International Limited; Keith Collister, executive chairman of the Appliance Traders Limited Pension Fund, one of the leading independently managed pension funds in Jamaica; and Sterling Asset Management president and CEO, Charles Ross, all raised concern about the plummeting interest rate on bonds and other investments on pension funds in Jamaica.

http://www.jamaicaobserver.com/business-report-daily-biz/experts-call-for-compulsory-pension-relaxation-in-some-restrictions-plummeting-interest-rate-on-bonds-other-investments-major-concern-for-funds-in-jamaica_201327