Monday, May 28, 2012

Scotia targets retirement market with huge upside

Scotia targets retirement market with huge upside: "Scotia Jamaica Life Insurance Company (SJLIC) is aggressively pursuing Jamaica's retirement market, in which just over a tenth of working persons are in formal pension savings plans.

SJLIC is one of several financial institutions that have launched approved retirement scheme (ARS) in Jamaica within the last three years — the company introducing ScotiaBridge in 2009. With a 44 per cent annual increase in ScotiaBridge membership to 7,835 persons at the end of 2011, the company claims 44 per cent market share based on ARS membership among financial institutions."

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