Barbadian fiscal expert addresses Royal Fidelity Power Breakfast: Avinash Persaud examined “The New Pension Act – Turning a Challenge into a Benefit”

Royal Fidelity organized an informative and timely breakfast seminar on May 31st to review and clarify the “Occupational Pension Benefits Act” of Barbados. The Barbados Chamber of Commerce, The Barbados International Business Association and the Small Business Association, partnered with them in support of the seminar entitled, “The New Pension Act – Turning a Challenge into a Benefit.” Speakers Professor Avinash Persaud, Gregory Hinkson and Royal Fidelity Managing Director, Charles Chambers addressed a packed house and managed a healthy round of questions to close the morning event.

{L/R - Chas. Chambers & Prof. Persaud} Royal Fidelity is a joint venture company of Royal Bank of Canada (RY on TSX and NYSE) and Fidelity Bank & Trust International Limited. Royal Fidelity operates in Barbados and The Bahamas with assets under management and administration in excess of US$1 billion.

Renowned economist Professor Persaud contextualized the discussion by explaining the ways in which the Pension Plans have needed to change to keep up with a changing working world, while Gregory Hinkson outlined specific changes and how they would impact company pensions.

Charles Chambers outlined the benefits of the Royal Fidelity Multi-Employer Pension Solution. “If I wasn’t the bearer of such good news relating to the many benefits of the Royal Fidelity Multi-Employer Pension Plan, I’d be a bit nervous having to speak after Professor Persaud.” The new Plan he said, was a good choice for any size firm, from small business to conglomerates or Government.

The Managing Director added that Royal Fidelity is not only committed to providing Barbados investors with a wide variety of local and international investment vehicles but also the best Pension Plan to suit and make the best of the current changes to the Pensions Law.

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