After more than 50 years of Employer-sponsored Superannuation Funds being regulated under The Income Tax Act 1955, Jamaica’s Pensions legislation – The Pensions Act 2005 and the Regulations 2006, came into effect on September 29, 2006.  As a result no Employer can operate a Superannuation Fund that is not registered by the Financial Services Commission (FSC).  The following is an example of the Jamaican laws that comprise the Pensions legislation:

The cost of education at the tertiary level has been on the rise and parents are faced with the challenge of being able to afford to send their children to university or college.

It must be extremely difficult to be told by your doctor that you have a critical or terminal illness. The exorbitant cost associated with treatment, the loss of income as a result of not being able to work for an extended period of time or possibly never again, the fact that your family will still be depending on you to provide for them, and all the other concerns that arise when you get such horrible news. These concerns must be very hard to deal with on their own, but what will make the situation even worse is not being prepared financially for such an eventuality.