The Chamber Pension Plan was established in 1992 by the Cayman Islands Chamber of Commerce to provide a needed service to the business community. The Plan is a defined contribution pension plan and is available to all Caymanians and residents who either work for an employer participating in the Plan or are self-employed.
Today the Chamber Pension Plan is one of the largest multi-employer pension plans in the Cayman Islands with over 16,000 members and 800 businesses participating in the Plan.
One product of the Chamber Pension Plan is the Lifecycle Funds, which contain a mix of investments linked to a specific target retirement decade, and each target retirement decade corresponds to a specific investment time horizon. To reflect the member’s changing needs throughout their working life, these Lifecycle Funds automatically adjust the combination of assets invested based on the age of the member.
Focusing on how to get the best from your savings, the Chamber Pension Plan’s investment portfolios are managed and overseen by top-rated international pension consultants, providing proactive and independent oversight of all the Plan’s investment managers.
The Plan is controlled by its members through an elected board of voluntary trustees. Most of these trustees are fellow members who constantly monitor the performance of the investment managers and are free to implement changes.
The Chamber Pension Plan maintains a high level of transparency with low administrative costs, efficient management and sound investment policies.
Member Since: 2005