Island Heritage Insurance Company has added pensions to its product suite after the Island Heritage Retirement Pension Plan was approved as a Cayman-registered pension plan provider.
BF&M Limited, the parent company of Island Heritage Retirement Trust Company, is a Bermuda-based pension and insurance provider.
John Wight, group president and CEO of BF&M Limited, said, “With over US$1 billion of assets under management already, Island Heritage is able to offer greater economies of scale and a wider flexibility in investment options than typically found in Cayman. This benefits our customers by offering them more control of their retirement planning as well as competitive fees, resulting in greater success with planning and reaching retirement goals.”
Mr. Wight added, “While pensions are required by law, companies have a choice of which provider they will trust to manage their investments. Customers want more options, greater input on investment selection, responsive service and access to more information, both online and through experienced personnel.”
Darren Trickett, pension sales and relationship manager, recently joined Island Heritage to focus on launching and growing the company’s retirement planning offering. Mr. Trickett graduated from Lancing College in West Sussex, England, before returning to Cayman to begin a 25-year career in banking and financial services.