Resource Centre

Investment Managers

Investment Managers


The Chamber Pension Plan investment portfolios are managed and overseen by top-rated international pension consultants Mercer, who provide proactive and independent oversight of all the plan’s investment advisors.


Our global discretionary equities managers are Epoch Investment Partners Inc. and McKinley Capital Management Inc. Our global equity index manager is Vanguard, and our fixed income and bond managers are EFG Bank, Income Research Management and Butterfield Bank.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Key Service Providers

 

Prime Custodian Plan Administrator
Plan NAV Calculation Agent Auditor

                                                                                 

                            

 

                      



Lifecycle Returns

Performance SUMMARY - AS OF 06/30/17

Chamber Pension Plan is pleased to report the Lifecycle returns as of June 30th 2017.

NET OF ALL PLAN EXPENSES                              ANNUALIZED


INCOME FUND
3 MONTHS YTD 1 YR  2 YR 3 YR 5 YR
1.91% 4.38% 3.87% 1.97% 1.73% 3.31%
2025 FUND 2.82% 6.90% 7.48% 2.38% 2.36% 5.78%
2035 FUND 3.44% 8.67% 9.99% 2.74% 2.82% 6.93%
2045 FUND 3.76% 9.62% 11.45% 2.75% 2.90% 7.59%
2055 FUND* 4.21% 10.94% 13.06% N/A NA N/A

 

*March 2016 was the first month of performance for the 2055 Fund. 

 

Below you will find a comparison of the returns compared to June 30th, 2013 - 2017. 

 

Lifecycle

2013

2014

2015

2016

2017

2055 N/A N/A N/A N/A 13.06%
2045 13.29% 16.80% 3.21%  -5.28% 11.45%
2035 11.78% 15.06% 2.99%  -4.03% 9.99%
2025 9.75% 12.51% 2.32%  -2.47% 7.48%
2015 6.43% 8.70% 1.42%  N/A N/A
Income 4.51% 6.94% 1.26%  0.10% 3.87%

 

Below you will find a comparison of our expense ratios from 2012 to date.

 

 

June 2012

June 2013

June 2014

June 2015

JUNE 2016

Expense Ratio 1.52% 1.45% 1.41% 1.23% 1.26%

 

 

 

 

 



Board of Trustees

The Board of Trustees at the Chamber Pension Plan are ultimately responsible for the management and administration of the Plan. They appoint a professional Pension Administrator firm to undertake that function, delegating the day-to-day running of the fund. Nevertheless, the voluntary Board of Trustees takes on an active, hands-on role in guiding the plan, ensuring that the plan always serves the best interests of all its members.


The Board members are voted in and serve a term of 3 years. All of the Trustees are active members in the business community covering different industry sectors.


The Trustees receive regular reports from the Administrator and other service providers with regard to the operations of the Fund and they decide what actions need to be taken and what policy should be followed.


The Trustees have the power to remove and replace the Administrator if need be. They also take responsibility for issues such as determining eligibility and interpreting rules and regulations.

Board Members

 

 

 

 

              Paul Schreiner: AL Thompson’s Building Supplies
 Industry & Commerce
 Chairperson
  Jon Brosnihan: Kensington Management Group
Financial & Professional
   Nicole Makin: Dart Real Estate
 Hospitality & Tourism
 Chairperson-Elect
   Sabrina Turner: Cayman Immigration Consultant Services Ltd
 Hospitality & Tourism
     Grant Hiley:  Industry & Commerce
     Ivan Narandja: Financial & Professional
    

 Charles Dickinson: Professor of Equine Medicine, St. Matthew’s University
 Voluntary & Self Employed

 

   Derek Jones: HSM Chambers
 Chamber of Commerce Representative to the Board
   Rhonda Anderson: Kalo Advisors
 Chamber of Commerce Representative to the Board

 

 

 

 

 

 

 

 

 



National Pensions Law

Know your rights – National PensionS Law

 

  • Every employee in the Cayman Islands must have a pension provided by their employer
  • The self-employed, those working part-time, casual workers, probationary staff and people on short-term contracts are included
  • If someone has more than one employer then each employer must pay into the employee’s pension plan
  • Expatriates who have been in continuous employment for more than nine months must have a pension plan
  • The only people excluded are expatriates employed to do housework in private homes
  • Employees and employers must each contribute a minimum of 5% of the employees’ earnings to a pension plan

 

You can also visit dlp.gov.ky and click here for more information about pension laws in the Cayman Islands.

 

UPDATE

As you may be aware, the National Pensions (Amendment) Law 2016 passed in the Legislative Assembly and has now been published in the Gazette. 

The Amendments will not come into effect until there is additional public education on the new sections and an Order is issued by Cabinet which will identify the implementation dates for sections.  Please note the Amendment Law does not come into effect upon being published in the Gazette. The Ministry and the DLP is presently working on the implementation plan and further information will be released in the near future.

Until such time as the Amendment comes into effect, the current requirements of the National Pensions Law (2012) remain in effect and employers, employees as well as pension plan administrators and members are expected to comply with these requirements.



Employer Forms

Interested in signing up your company's pension plan with us? Please fill out the New Employer Questionnaire.

New Employer Application Form

Employer Contribution Record Form

New Employer Check List

Do you have an employee that needs to make a personal change to their pension account? If so, have them fill out the Employee Enrollment Form.

Please note that all forms must be printed and submitted with an original signature to:

 

Chamber Pension Plan
Strathvale House
90 North Church St. 2nd Floor, P.O. Box 609
Grand Cayman KY1-1107
Cayman Islands
Fax 345-745-7699

Click here for frequently asked questions and answers.



Pension Handbook

UPDATE IN PROGRESS

Our handbook is currently being updated.

Please contact admin@pensions.ky with any questions. 



Investment Managers

Key Service Providers

Lifecycle Returns

Board of Trustees

Trust Deed

Audited Financial Statements

Fact Sheets

National Pensions Law

Member Forms

Members FAQ's

Employer Forms

Employer FAQ's

Pension Handbook