Log In

Senators are expected to discuss a temporary pay cut for parliamentarians today. The order of business for the Upper House showed that members would consider the year-long changes to salaries, as well as associated suspension of pension payments. Cry...

Amendments to allow suspension of contributions to pension funds for a year were approved by MPs last night. Curtis Dickinson, the finance minister, said the move was intended to help struggling businesses and workers. He added: “We are where we ar...

By now, many are aware that the Government has passed legislation amending the National Pension Scheme, granting one-time access to your pension plan up to $12,000. For some, this is much needed relief. For others, this is cause for consideration. A...

People seeking to withdraw money from their retirement nest-eggs are flooding staff at the island’s pension regulator with queries. Yesterday, new rules opening access to a portion of pension pots came into effect to assist those struggling with the ...

Pension benefits are still being paid late to seniors — four months after the problem was revealed by The Royal Gazette. Catherine Gregory, a Bermudian retiree who lives in the United States, said her payments had become overdue again after a one-off...

Moves to allow a pension contribution holiday for the next year are necessary for many, fund managers say, but they urged workers to keep paying in if they can afford to. Curtis Dickinson, the finance minister, said on Wednesday that the planned mand...

A ten-apartment building in the central parishes has been approved despite environmental concerns. The application by developer Gilbert Lopes proposed the erection of a two-storey building on land between Middle Road and the Railway Trail near the Lo...

Legislation to allow people to withdraw up to $12,000 from their private pension plans was approved by the Senate yesterday. Vance Campbell, a government senator and the junior public works minister, said the legislation was intended to help people w...

Residents plunged into hardship by the Covid-19 crisis will be able to make a one-time withdrawal of $12,000 from their pension pot under legislation to be fast-tracked through the House of Assembly today. However, dipping into retirement savings pre...

The Department of Social Insurance wishes to advise the public that benefits have increased by 1.2% effective August 16th 2019. Therefore benefits to be paid on Friday, March 13th 2020 will represent the new monthly amount plus the retroactive paymen...

Saudi Arabian Crown Prince Mohammed bin Salman is embarking on a very ambitious city project called Neom. The name means “new future”. The idea is to set a new beginning for the youth of Saudi and in reality, the world. This project is not characteri...

A network of privacy experts could develop in Bermuda after the introduction of legislation designed to protect personal information, the island’s new Privacy Commissioner has predicted. Alexander White explained that the sector was a “boom industry”...