Tag Archives: pensions

  1. Fortress funds post “healthy returns” in second quarter of 2021

    The funds managed by Fortress Fund Managers (FFM) have posted “healthy returns” in the second quarter of this year. This adds to “even healthier year-to-date gains” in most of its equity portfolios. The good news from the leading fund manager comes as it updated investors recently in its June 2021 Quarterly Report. The report’s introduction […]

    August 6, 2021BusinessNo comments
  2. Fortress funds achieve ‘substantial recovery’ after turbulent 2020 for financial markets

    Fortress Fund Managers has recorded “substantial recovery” across its funds since the decline in financial markets in early 2020 prompted by the COVID-19 pandemic. And the leading fund manager believes that there are still “great long term investments to make”. In the first quarter of 2021 the fund manager reported that this recovery could be […]

    May 12, 2021BusinessNo comments
  3. Strong Performance for Fortress Funds in fourth quarter of 2020

    Fortress Fund Managers posted one of its strongest-ever performances in the fourth quarter of 2020 as world equity markets continued their recovery from a turbulent year, reminding investors that a focus on the long-term and diversification remain essential. The leading fund manager reported that its global equity investments led the way during the quarter, with […]

    January 31, 2021BusinessNo comments
  4. Fortress Fund Managers reports 2019 a good year for investors so far

    A leading fund manager, Fortress Fund Managers, is reporting that 2019 has been a good year for investors so far, with its equity investments holding steady and bonds showing some gains at the end of its third quarter, in spite of “a noisy summer” in the investment world which pushed markets “alternately up and down”. […]

    November 19, 2019BusinessNo comments
  5. Barbados Association of Journalists and Media Workers (BARJAM) intervenes in CBC Pension Plight

    Government officials involved in the pension pay dispute of retrenched Caribbean Broadcasting Corporation (CBC) workers are assuring them they are on top of the matter. “My investigations have revealed that the CBC and the Ministry responsible for CBC are continuing to work on having the money paid as soon as possible, but that a lack […]

    September 23, 2019Controversy, FeaturedNo comments
  6. Scotiabank’s Santo Domingo CEO visits DR’s President Medina

    The Dominican Republic’s President – Danilo Medina – received in his office at the Presidential Palace Brian Porter, President and chief executive officer of Scotiabank on 22 July 2019. Ignacio Deschamps, head of International Banking and Digital Transformation at Scotiabank and Gonzalo Parral, Scotiabank general manager in the Dominican Republic accompanied Porter during the visit. […]

    July 25, 2019BusinessNo comments
  7. Fortress funds achieve strong results in first quarter of 2019

    At the end of the first quarter of 2019 the funds managed by Fortress Fund Managers had achieved “consistently strong results“. This follows an encouraging start to the year. The good news was shared with investors in the leading fund manager’s March 2019 quarterly report, released early this month. It comes against the backdrop of […]

    May 15, 2019BusinessNo comments
  8. Scotiabank sells its pension business in DR

    Scotiabank announced they completed the previously reported sale of Scotia Crecer AFP and Scotia Seguros, its pension and related insurance businesses in the Dominican Republic , to Grupo Rizek. Grupo Rizek is one of the largest and most prominent diversified business groups in the Dominican Republic with a long-standing reputation in agribusiness and the financial […]

    May 4, 2019BusinessNo comments
  9. Fortress Fund Managers once again accepting lump sum investments into flagship fund

    Fortress Fund Managers is once again accepting lump sum investments into its flagship Fortress Caribbean Growth Fund. This is good news for investors, especially given the low rate of interest on savings deposits at commercial banks. The leading fund manager, which recently informed its investors by letter of the resumption, is now accepting investments up […]

    March 31, 2019Business, FeaturedNo comments

    A local investment bureau has seen a rise in subscribers after the decision by commercial banks to reduce interest on personal savings accounts… Ms Nunes says the change in financial habits has been noticeable for the last 24 months; – Meanwhile Royal Fidelity has not actively sought an audience with the Mia Mottley Government on […]

    September 24, 2018Breaking News, Business, FeaturedNo comments

    The Main Opposition Barbados Labour Party pledged pension reforms and civil servant salary reviews among other hot button issues when they launched their candidates over the weekend at the Weymouth Playing field over the weekend. Mia Mottley, political leader of the BLP and Opposition leader spoke to the massive audience as if they were guests […]

    May 7, 2018Breaking News, Featured, PoliticalNo comments
  12. Leading fund manager advises Barbadians to continue going after attractively valued investments

    Fortress Fund Managers is advising Barbadians to be selective and continue to pursue attractively valued investments in the current economic climate. This advice was given today during the 8th Annual Fortress Investment Forum at the Frank Collymore Hall which focused on insightful regional and global investment updates, as well as the performance and outlook for […]

    April 2, 2018BusinessNo comments
  13. Fortress records positive returns in second quarter

    Leading mutual fund manager Fortress Fund Managers has recorded positive returns in its funds for the quarter ending June 30, 2017. This was revealed in its June 2017 Quarterly Report, released to investors recently and which also announced that the “one-year returns to June 30 have also been exceptionally strong especially in our equity investments.“ […]

    August 22, 2017BusinessNo comments
  14. Sagicor’s New 175 Endowment Plan II

    A suite of Endowment Plans which provide life insurance coverage for periods of 10, 15, 20 or 25 years. Call Us At 467-7500 or visit by clicking HERE!

    August 20, 2017Business, Photo GalleryNo comments
  15. New BARP insurance plan

    Members of the largest NGO on this island – the Barbados Association of Retired Persons (BARP) can plan for the remainder of their future, after being dropped by their medical insurance carrier nearly 12 months ago… In a special partnership with the City Of Bridgetown Credit Union, BARP members can recruit loved ones to build […]

    January 23, 2017Featured, HealthNo comments
  16. ICBL Six Roads has got you covered!

    Do you call St. Philip, St. John, Christ Church, or even St. George home? Do you find it difficult to get into town? Do you prefer to conduct your business after traditional working hours or on weekends? ICBL Six Roads has got you covered! Purchase a new policy, pay premiums, report or check the status […]

    January 24, 2016Business, Photo GalleryNo comments
  17. Season’s Greetings from the Barbados Association of Retired Persons (BARP)

    The season of love, happiness, and peace is once again with us. The Board of Directors, Management, Staff and Volunteers of the Barbados Association of Retired Persons take this opportunity to extend warm Holiday Greetings to all of our members and friends in Barbados, the region and beyond. The year 2015 was a vibrant and […]

    December 26, 2015Business, FeaturedNo comments
  18. Fortress Fund Managers: Keep investing even with unfavourable savings environment

    In the midst of what it has described as an “unfavourable savings climate“, Fortress Fund Managers is encouraging Barbadians to continue to invest. Mr. Cave noted that certain events throughout the year had not been favourable to Barbados’ financial climate including the elimination of personal tax allowances on Registered Retirement Savings Plans (RRSPs) and group […]

    December 6, 2015BusinessNo comments
  19. Real estate as single retirement strategy risky, financial expert

    A local financial expert has suggested that buying multiple properties as a single retirement strategy is risky. Michael Lashley, Chairman and Chief Executive Officer of Lashley Financial, shared this assessment recently at a pre-forum seminar, “Personal Finance Strategies for 2015 and Beyond“, held as part of the 6th Annual Fortress Investment Forum hosted by Fortress […]

    November 22, 2015BusinessNo comments
  20. Leroy Parris in hard times? Yet was seen in plain sight at FoodWine Rum festival…

    REMEMBER WHEN THE BARBADOS HIGH COURT froze the assets of former CLICO boss Leroy Parris and his company Branlee Consulting Services Inc. to the tune of $4.5 million? Didn’t stop him going Polo on Saturday though…

    November 22, 2015Photo Gallery, PoloNo comments
  21. “Freeheld” (2015) – Ellen Page, Julianne Moore: Drama HD

    New Jersey police lieutenant, Laurel Hester, and her registered domestic partner, Stacie Andree, both battle to secure Hester’s pension benefits when she is diagnosed with terminal cancer.

    August 27, 2015Cinema, Controversy, Video GalleryNo comments
  22. RRSP’s Under Attack? Fortress Fund Managers’ Second Quarter Performance Update

    ATTN, CAVEAT: This is a slightly modified version which appeared in Fortress’ quarterly report, the link for the full item appears further in… Please also note the political meme listed in this article was designed and placed by without Fortress Fund Mgr’s being aware, so Sinckler leave them alone and start reviewing VAT like […]

    August 8, 2015BusinessNo comments
  23. Fortress Fund Managers Reach Out To Their Clientele, Re – Minimum rate on savings deposits

    As you may have read, effective April 21st, the Central Bank of Barbados will no longer be stipulating a minimum rate of interest on savings deposits at commercial banks. We believe this change has some implications for how savers in Barbados may wish to think about their cash balances. Why does this matter? In recent […]

    April 24, 2015Business, FeaturedNo comments
  24. Fortress Fund Managers shares financial advice with HR professionals

    Human Resource professionals heard more about the importance of financial security at the Fortress SHRM (Society for Human Resource Management) Meet and Greet in association with Stronghold Data Management held recently at the Radisson Aquatica. Fortress Fund Managers, a leading independent provider of pension management and administration services in Barbados, emphasised that financial security was […]

    March 25, 2015BusinessNo comments
  25. Financial Foibles – Barbados Edition 2015: Say Brother, can you spare a Million?

    CLICK ABOVE FOR BIGGER – In an application filed last week, Parris says the order had created hardships for him and the company, preventing them from meeting ‘their usual living and business expenses‘”

    February 15, 2015Business, Photo GalleryNo comments