Tag: Fidelity
Fidelity pays up on pension withdrawals
(CNS): A pension provider that faced significant criticism for its delays in responding to members who applied under the law to withdraw their money says it is now paying up and everyone should be paid by the middle of this month. Fidelity Pension Plan was the biggest vocal critic of the legislative change that allowed […]
Fidelity CEO admits breaking law
(CNS): Brett Hill, the CEO of Fidelity, has said it has not been possible to meet the requirements of the amended Pensions Law, which allows members to take cash from their pension fund to help them through the COVID-19 crisis, because the company needed more time.
US visitors to pre-clear, China gets visa-free entry
(CNS): The premier has announced some immigration changes that will impact travellers to Cayman and Caymanian travellers. Speaking at Cayman Economic Outlook Thursday, Alden McLaughlin said his government was close to finalising an agreement for immigration pre-clearance at Miami International Airport for eligible passengers coming to Cayman. He also revealed that Chinese visitors with a valid […]
Bank shuts down money transfer business
(CNS Business): Fidelity Bank leaders said that due to “economic times and risks” they have officially closed the doors to their money transfer service, Western Union, throughout the Cayman Islands. The Board of Directors of Fidelity Bank & Trust International Limited (FBT) and its subsidiary boards have announced that they will no longer offer Western Union […]
