The Government of Jamaica is pressing ahead to debate new pension regulations for the tourism sector and to prepare for the administration of oversight bodies.

Tourism Minister Edmund Bartlett indicated this week that the Board of Trustees of the Tourism Industry Pension Oversight Body has done the preparatory work to operationalise the facility.

Minister Bartlett told Loop News on Thursday that the procurement is now complete and Sagicor had been selected to manage the fund. The process, he said, was completed in February.

Sagicor Group CEO, Christopher Zacca later confirmed that the new administrator is Sagicor Life.

http://www.loopjamaica.com/content/sagicor-life-manage-billion-dollar-tourism-pension-fund