Letter to our Members
- Feb 10, 2025
- 1 min read
Dear Members,
On behalf of the Board of Trustees (the “Board”) of the Cayman Islands Chamber of Commerce Pension Plan (“CPP”), we want to start by reaffirming our deep commitment to you, our valued members. We believe that the CPP has been the preferred pension plan of choice in the Islands, and our ethos has always centred on supporting you—our members—since the Plan’s inception. We remain fully dedicated to helping ensure your financial security and peace of mind.
As we take a moment to reflect on the current state of private pension savings within the Cayman Islands, we feel it is important to share some insights with you. While the CPP remains in strong financial health and has performed well for the fiscal year ending 30 June 2024, a closer examination of the data reveals important trends regarding the readiness of many pension holders for their retirement years.
It’s reassuring to see the Board reaffirm its commitment to members while sharing what the latest data says about retirement readiness. The acknowledgment that many pension holders may need greater support is a constructive starting point, especially given that the CPP remains in strong financial health. Please keep communicating clearly and proactively about actions, timelines, and how members can be better prepared for the years ahead. free online proxy
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