Sagicor gives advice on achieving best long-term goals barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Parents and guardians are strongly encouraged to save for their children's academic future.
Recognising the costs of tertiary education, portfolio manager of insurance leader - Sagicor Asset Management Inc -, Nicholas Neckles has advised guardians
Barbados-based financial services giant Sagicor Financial Company Ltd (SFC) has entered a “definitive agreement” to buy Canada-based individual life insurer Ivari, in a multi-million-dollar deal that is expected to double the size of its balance sheet.The purchase, which is subject to the usual regulatory approvals, is estimated to be worth about CA$325 million (BDS$504 million).SFC said in a statement on Thursday that the acquisition of Ivari aligned with its business strategy of growing in individual life insurance and diversifying into adjacent geographic markets.
Investment officials want Government to review its tax policy on private pension schemes. They complain that the absence of tax incentives has been a disincentive to people wanting to invest in Registered Retirement Savings Plans (RRSPs).Principal and Consulting Actuary with Eckler Lisa Wade said given that people were no longer getting a concession on these pension plans, they have “reduced their level of voluntary contributions”.“What happens is that when you choose to join your employer’s pension plan most employers’ pension plans require you to pay something into them. That is called your compulsory contribution.“When the tax incentives were there most people topped up those even more with voluntary contributions which helped to ensure that when they reach retirement they would have a higher pension which would help them ride out any storm that would take place such as inflation.
Our oceans and beaches are more than just recreational spaces, they provide avenues through which individuals can earn a living and are a major source of food for many, which is why Sagicor is putting its voice behind the call for more frequent and s