Tag: Amy Wolliston
7MB resort under pension probe
(CNS): The Department of Labour and Pensions has confirmed it is investigating the Margaritaville Beach Resort Grand Cayman for not paying its workers’ pension contributions. But the department has refused to release any details because of the ongoing probe into the issue. The hotel is believed to be one of several employers that were exposed […]
Pension boss justifies withdrawal fees
(CNS): Varying fees being charged by private sector pension funds to people accessing their cash to help them weather the COVID-19 economic collapse, in line with the recent change to the law, were defended by government’s pensions boss on Wednesday. Concerns have been raised that some pension administrators are taking advantage of members by charging […]
‘Culture change’ needed on private pensions
(CNS): Public Accounts Committee member Chris Saunders made it clear to regulators today that the culture surrounding Cayman’s mandatory private sector pension funds needs to change. Saunders, who has been a vocal advocate against the system, said the Department of Labour and Pensions (DLP) did not have the resources to police the plans where administrators […]
Pension firms face 14,000 requests in a week
(CNS): Pension administrators managing the nine different pension funds for private sector workers have faced a barrage of emails and messages in the wake of the new law passed by government to allow people access to their money during the COVID-19 health emergency. Deputy Director of Pensions Amy Wolliston said they were all in a […]
Wolliston returns as pensions superintendent
(CNS): The former superintendent of pensions is returning to the job this month, the chief officer in the employment ministry has confirmed. Christen Suckoo told CNS Wednesday following Bennard Ebanks’ appointment as the new labour director that he would not be expected to also act in the post of superintendent as first suspected because Amy Wolliston […]
