With just 12 per cent of the working population having a pension and/or retirement scheme, Minister of Industry, Investment and Commerce Senator Aubyn Hill has encouraged VM Pensions Management Limited to go after the remaining market share.

The minister was speaking at the launch of the Jamaica Manufacturers and Exporters Association Retirement Account (JMEARA) on Tuesday, during which the JMEA and VM Group entered into a partnership which will see the financial services provider offering a number of solutions as part of a ‘Bundled Benefits’ to members of the business lobby group.

As part of the agreement, VM Pensions Management Limited will provide discounts and early bird incentives on select products to JMEA members. In addition, the VM Building Society and VM Wealth Management will offer preferential rates and discounts on select products and services.