The House of Representatives, on Wednesday (June 10), approved the Pensions (Superannuation Funds and Retirement Schemes) (Registration, Licensing and Reporting) (Amendment) Regulations, 2026, aimed at modernising the regulatory fee framework and strengthening oversight of the private pensions sector. The Regulations, which were tabled in the House on March 24, will address structural mismatches between the Financial Services Commission (FSC) regulatory...

Minister of Finance and the Public Service, Hon. Fayval Williams, has assured that the Government’s $500-million withdrawal from the Financial Services Commission (FSC) poses no threat to the entity’s stability or its continued viability. “From time to time, and based on Government’s revenue requirements, the financial sector may request distribution of surpluses, reserves, or financial investments in excess of requirements...

The Government has outlined how it allocated $67 billion in response to Category Five Hurricane Melissa, which impacted Jamaica in October 2025. Minister of Finance and the Public Service, Hon. Fayval Williams, advised that the expenditure was approved through the third and fourth supplementary estimates in the 2025/26 fiscal year. Addressing Wednesday’s (June 10) Post Cabinet Press Briefing at Jamaica...

Members of the public are being encouraged to take advantage of the Ministry of Finance and the Public Service’s upcoming public auction on June 12, which will feature a wide selection of motor vehicles, furniture, and other government assets available at competitive prices. The auction, being conducted through the Ministry’s Asset Management and Disposal Services Branch (AMDSB), forms part of...

The African Export-Import Bank (Afreximbank) on Tuesday (June 2) hosted the Jamaica leg of its Caribbean-focused roadshow, aimed at strengthening investment, trade, and industrialisation ties between Africa and the Caribbean. The event, held at the AC Hotel by Marriott Kingston, which was attended by Minister of Finance and the Public Service, Hon. Fayval Williams, introduced Jamaica to the institution’s US$5-billion...

Jamaicans are being encouraged to prioritise retirement planning early in their working lives, to improve their prospects of achieving financial security in later years. Speaking during a Jamaica Information Service (JIS) ‘Think Tank’ on Wednesday (June 3), Director of Sales Service and Channel Delivery at Scotia Jamaica Life Insurance Company Limited, Kerry Ann Chong, noted that retirement planning is often...

The Ministry of Foreign Affairs and Foreign Trade has secured an increase in the stipend provided to Jamaican scholarship students in Cuba, through the Ministry of Finance and the Public Service. Foreign Affairs Minister, Senator the Hon. Kamina Johnson Smith, provided the update during Wednesday’s (June 3) Post-Cabinet Press Briefing at Jamaica House. She further advised that the Ministry had...