Jamaica. Senate approves pension rule changes, unblocks billions for private equity
THE Senate on Friday approved amendments to the regulations governing pension schemes to allow them to increase the investment limit for private equity from five per cent to 7.5 per cent, with a further increase to 10 per cent by April 2027. There was bipartisan support for the measure that Government and Opposition senators said will unlock investment opportunities, ultimately leading to economic growth. However, there was concern from Opposition members about the small percentage of Jamaican workers enrolled in pension...
