Pensions are a hot topic these days, and on the morning of Thursday, September 17th, the Rotaract Club of Grand Cayman heard about the various aspects of investing and the Cayman Islands National Pensions Law from Brian Williams, CEO of Saxon Administration Ltd (Saxon), agents for Silver Thatch Pensions.
Twenty-two Rotaract members aged 18 to 30 years, and two local Rotarians were in attendance at Icoa Fine Foods as Mr. Williams covered various topics of interest including the intention of the National Pensions Law, investment scope of pension plans, the importance of long-term investing and the current financial market’s conditions.
‘Our island’s younger generations need to understand how their pension can work for them, as well as the benefits of long-term investing,’ said Mr. Williams.
‘Long-term investing is paramount to growing wealth for retirement, and Saxon remains dedicated to instilling that importance within Cayman’s younger community.’
In addition, Mr. Williams discussed some of the causes for the current financial market’s downturn and touched on the benefits Silver Thatch members receive by having access to highly reputable fund managers globally. Those present were also welcome to ask further questions about the topic at hand, helping to clarify any misconceptions about pensions and investing.
‘The members of the Rotaract Club of Grand Cayman are budding members of Cayman’s business community, and I was delighted to share my knowledge of pensions with them,’ said Mr. Williams.
‘Pensions continue to be a hot topic in the Cayman Islands as well as abroad, and the timing could not be more ideal to help ensure that the community is informed about the importance of retirement investing.’
Delivering client and administrative services to more than 13,500 individual account holders with assets in excess of $200 million, Saxon is recognized as a leader in its market capable of providing flexible solutions in both the onshore and offshore pension environment while maintaining a personal approach to client relationships.