Asset Management Services

PENSION PLANS

The investment management function is structured on a team basis. Each account is provided with research and portfolio management services distributed among four investment analysts under the direction of two Investment Managers.

A Committee comprised of the Managing Director, two (2) Executive Directors and the Division’s General Manager provides oversight of all Pension portfolios to ensure that investment strategies are consistent with clients’ investment policies and objectives.

We provide a full range of investment management services as outlined below:

• In accordance with the discretion afforded to us by the Trust Deed governing the Fund, consistent with the Fund’s investment policy and strategy and in adherence to statutory guidelines.
• Investment reports for submission to the Trustee and Management Committee of the Plan.
• Regular meetings with the Trustee and Management Committee of the Plan to discuss the performance of the Fund, in comparison to stated benchmarks.
• For foreign-owned companies, consistent with the guidelines provided by the client’s global pension policies.

SAVINGS PLANS

Under the Trinidad and Tobago Income Tax Ordinance, employers can establish a group savings plans for their employees under trust such that, subject to certain limits, both the employer's and the employees' contributions are tax deductible allowances. The Trust and Asset Management Division acts as Trustee, Administrator and Asset Manager of these Employees Savings Plans.

• Republic Tax Incentive Savings Plan (RTISP);
• Republic Equity Tax Incentive Savings Plan (ETISP);
• Republic Corporate Tax Incentive Savings Plan (CTISP); and
• Republic Corporate Equity Tax Incentive Savings Plan (CETISP).

CORPORATE TAX INCENTIVE SAVINGS PLANS

Republic Bank’s family of Tax Incentive Savings Plans is based on the concept of securing one’s future while saving on taxes today and has been established under the provisions of the Income Tax Chapter 75:01 of the laws of Trinidad and Tobago. Our Corporate offerings (Corporate Tax Incentive Savings Plan – CTISP and the Corporate Equity Tax Incentive Savings Plan – CETISP) allow the earnings of an employee, which are categorized as bonus and allowance income, to be paid, tax free, by the employer into the Plan for the purpose of securing retirement benefits for the employee.