The recent report of the Financial Services Commission of Jamaica (FSC), the entity which regulates the pension sector, shows that pension assets continued to fall in the December quarter.

The FSC noted that the Jamaican private pensions industry’s track record of consistent growth each quarter was disrupted by periods of contraction during 2020, which resulted from the novel coronavirus pandemic and consequent uncertainties in the market. Overall, the industry’s assets contracted by 5.38 per cent.

At the end of 2020, assets totalled $663.07 billion, this compared to $700.73 billion in 2019.

https://www.jamaicaobserver.com/business-report/pension-assets-go-down-by-5-38-_224542?profile=1056