The most important element in pension funding is the investment return on the pension fund. However, the pension fund has to be substantial to provide such diversification of assets as would provide adequate capital security.
This is the principle around which the Segregated Pension Funds Policy was written. In April 1969, The Barbados Mutual Life Assurance Society, now Sagicor Life Inc, established The Barbados Mutual (Bonds) Fund and The Barbados Mutual (Equity) Fund - two registered Unit Trusts in Barbados. Investment in these Unit Trusts is restricted to Barbados registered Pension Plans, giving the Unit Trusts tax exempt status. The Unit Trusts are referred to as the Segregated Pension Funds, because the assets are held apart from Sagicor's Life Fund.
Sagicor offers investment management and pension administration services to Barbados registered Pension Funds.
Investment management is provided by allowing investment in either or both of the two Unit Trusts, in proportions chosen by the client, thereby achieving the security of a diversified portfolio of investments.
Administration services include plan design, record-keeping, monthly billing, payment of benefits and the provision of actuarial advice, if required.
At present, Sagicor manages funds exceeding US$210 M, invested on behalf of almost 200 companies in Barbados.
Since 1993, the Bonds Fund and the Equity Fund have returned compound annual interest rates of 8.5% and 6.4% respectively.
Presentations
Investment Performance Reviews
Segregated Funds Annual Reports
These files are in Adobe Acrobat (PDF) format. You will require the Adobe PDF reader to view them. This software can be downloaded free of charge from Adobe by following this link.
For further information, please contact:
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