Bucket List #4

Camping out under the stars

Now that I've retired, Chamber Pension Plan allows me to LOVE NATURE!

Chamber Pension Plan "Life Stories" campaign to promote retirement planning

The Chamber Pension Plan is launching a new marketing campaign this week to raise awareness about the importance of retirement planning in the Cayman Islands.

The new campaign called “life stories” is inspired by the plan’s proud heritage and history in Cayman. It will feature various real life stories of Chamber Pension members who share their own hopes and dreams to inspire others to think about the future.

The campaign is aimed at current and future generations of employees and will encourage them to plan ahead to ensure they are financially secure in retirement and can fulfil their ambitions in later life.

Paul Schreiner, Chairperson of the Board of Trustees, commented: “We are all living longer, and as the cost of living continues to rise here in the Cayman Islands, as it does elsewhere in the world, it is crucial for workers to have enough money saved for retirement. This should be uppermost in everyone’s minds.

Our new campaign hopes to get this message out there in a very human way and get people thinking about whether they are saving enough for retirement as early as they can. Life stories is about tapping into people’s hopes and dreams for the future and encouraging them to start putting plans in place now to help them achieve these goals.”

Paul continued: “You can make additional voluntary contributions to your pension account at any time to provide for extra income when you retire, and the earlier these contributions are made, the more time there will be for them to grow while invested safely and professionally.”

The Chamber Pension Plan was established by the Chamber of Commerce in 1992 to ensure that as many people as possible had access to an affordable, low-cost pension plan. The Chamber Pension was the first pension plan to be established in the Cayman Islands, and is proud to be a not-for-profit pension plan.

Raul Nicholson-Coe, trustee, commented: “The not-for-profit nature of the plan means that, while members’ pension funds are professionally managed by leading global investment management firms, the organisation locally is overseen by a team of volunteer trustees from the Cayman Islands business community.

This unique structure means that, unlike other for-profit firms, Chamber Pension Plan has low costs and does not charge performance fees or account-level charges to our members. This is good news for everyone, as investment growth comes back to our members, and isn’t diminished by charges and high overheads.”


Ends

Media enquiries: Emma Drysdale at Fountainhead on 324 2863 or email emma.drysdale@fountainhead.ky