George Town, Grand Cayman, 10 December 2025 – The Cayman Islands Chamber of Commerce Pension Plan (“Plan”) held its Annual General Meeting on December 3rd, where key updates and initiatives were presented. Chairperson Richard Freeme, along with representatives from Mercer Investments LLC and PricewaterhouseCoopers, provided insights into the Plan’s performance, governance, and strategic outlook.

Plan Performance and Lower All-In Expense Ratio

The Plan celebrated another successful year, with membership growing by approximately 9.68% to over 26,318members. Notably, the annual all-in-expense ratio decreased from 0.68% to 0.65% for the financial year endedJune 30, 2025, resulting in lower expenses and higher returns.

Daniel Agnello of Mercer Investments LLC highlighted the Plan’s impressive returns, incorporating investment management fees and administrative expenses. The investment managers BlackRock and Income Research and Management (IR+M) were commended for their exceptional performance, with BlackRock’s fee being highly competitive at 0.04% per year. The lifecycle funds, with their preset allocations based on age and risk, were also discussed, showcasing returns ranging from 5.59% (Income Conservative Fund) to 16.24% (2060 Fund) as of September 30, 2025.

Marketing and Engagement Initiatives

A short video highlighted the Plan’s key achievements for the year, including a series of retirement planning workshops and a companion workbook, the implementation of a “No Cash Campaign” to improve operational efficiency, and updates to both the employer and employee guides. The Plan also participated in the 2025 Cayman

Islands Society of Human Resource Professionals (CISHRP) Annual General Meeting through the Cayman Islands Pension Administrators’ Association. In addition, meaningful discussions were held with the Minister for Caymanian Employment and Immigration and the Department of Labour and Pensions to advance member advocacy and support the modernisation of legislation aimed at strengthening the pension landscape in the Cayman Islands.
 

Government Announces Actuarial Review of the Cayman Islands Private Pension Landscape 

Ms. Amy Wolliston, Deputy Director of Pensions at the Department of Labour and Pensions (DLP), informed attendees that the Cayman Islands Government has initiated a comprehensive project to review the pension landscape through an actuarial study. This study will statistically assess key factors such as population, age trends, the number of private pension plans, total assets under management, investment performance, and overall population growth.

She noted that the Government has issued a Request for Information (RFI), inviting both local and international firms to submit responses. Following the RFI process, a formal Request for Proposal (RFP) will be published to procure the actuarial review. The completed report will guide Government decision-making on matters such as the appropriate pension contribution rate, currently set at 10% (5% employee and 5% employer) and whether increases are necessary, including how such adjustments should be phased in. The study will also examine the suitability of the normal pension entitlement, currently 65.

The Chamber Pension Plan encourages all members to stay informed on this important topic, as its outcomes will influence the future financial security of many in the Cayman Islands. The Plan remains committed to advocating for the needs and interests of its members and will continue to do so throughout this process.