News Releases

What’s wrong with the pension industry and how can we fix it?

For Release Upon Receipt - May 2, 2012

St. Augustine

The University of the West Indies’ (UWI) Caribbean Centre for Money and Finance (CCMF) hosts the Caribbean Business Executive Seminar on Friday 4th May, 2012, from 8am to 5:30pm, at the Hyatt Regency Trinidad.

This seminar is themed the Future of the Pension Industry and aims to educate pension beneficiaries, their representatives and the industry’s decision-makers about key issues affecting the operations of Caribbean pension funds. These challenges to public and private pension funds include greater investment uncertainty and lower interest rates in Caribbean and foreign financial markets, changes in international accounting standards, fixed stress among governments, increased longevity of pensioners, and the prospect of either unfunded liabilities or a growing mismatch between financial commitments to pensioners and anticipated future earnings of the pension schemes. As a consequence, issues such as changes in the regulatory environment and in pension fund governance are also raised.       

The Caribbean Business Executive Seminar brings together Caribbean and international leaders within the financial sector and pension industry to assess these issues, comment on legislative reforms under consideration in several Caribbean countries, and make proposals for strong, sustainable pension arrangements in the Caribbean.

It will feature presentations from representatives of major financial institutions in the region, including  Mr. Ewart Williams, Governor, Central Bank of Trinidad and Tobago; the Honourable Winston Dookeran, Minister of Finance, Republic of Trinidad and Tobago; and Mr. Will Price, Senior Financial Sector Specialist, World Bank.     

This seminar is open to the public at a cost of US$450 per attendee. Those interested can register online now at, or at the seminar between 8am and 8.30am. Persons who have pre-registered can collect their registration packages at the seminar at 8am.

The attendance fee should be sent to:

Caribbean Centre for Money and Finance, The University of the West Indies, St. Augustine Campus, St. Augustine, Trinidad and Tobago  

Alternatively, it can be presented on the day of the seminar. Cash or bank drafts are acceptable forms of payment.

For further information, please contact the Ms. Kathleen Charles at (868) 645-1174 or (868) 224-3727, or via e-mail at or


About UWI

Over the last six decades, The University of the West Indies (UWI) has evolved from a fledgling college in Jamaica with 33 students to a full-fledged University with over 40,000 students. Today, UWI is the largest and most longstanding higher education provider in the English-speaking Caribbean, with main campuses in Barbados, Jamaica and Trinidad and Tobago, and Centres in Anguilla, Antigua & Barbuda, The Bahamas, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Montserrat, St Christopher (St Kitts) & Nevis, St Lucia, and St Vincent & the Grenadines. UWI recently launched its Open Campus, a virtual campus with over 50 physical site locations across the region, serving over 20 countries in the English-speaking Caribbean. UWI is an international university with faculty and students from over 40 countries and collaborative links with over 60 universities around the world. Through its seven Faculties, UWI offers undergraduate and postgraduate degree options in Engineering, Humanities & Education, Law, Medical Sciences, Pure & Applied Sciences, Science and Agriculture, and Social Sciences. (Please note that the proper name of the university is The University of the West Indies, inclusive of the “The”, hence The UWI.)