Report on Insurance and Pensions 2007 - Central Bank of Trinidad ...

PENSION FUND PLANS
Balance Sheets
7.11 The Insurance Act, Chap. 84:01 requires that Balance Sheets should be furnished only in
respect of self-administered pension fund plans. In respect of insured pension fund plans
the relevant information is incorporated in the Balance Sheet which the insurance company
is required to submit with its annual financial returns.
7.12 The following assets distribution statement in respect of self-administered plans has been
compiled from the Balance Sheets of the accounts of self-administered plans received for
the year 2007.
ASSETS OF SELF-ADMINISTERED PLANS
Trinidad and Tobago Government
Securities denoted in TT $
Mortgages
Real Estate
Trinidad and Tobago Equities
Fixed/Call Deposits
Other Trinidad and Tobago Assets
Trinidad and Tobago Government
Securities denoted in Foreign
Currency
2007
$
2,222,517,340
241,899,077
0
7,060,617,992
1,816,931,754
8,022,595,879
102,786,486
2006
$
1,578,656,446
253,650,234
24,253,400
7,298,633,435
1,342,439,246
7,204,791,646
120,527,359
TOTAL LOCAL ASSETS
19,467,348,528
17,822,951,766
Caricom/Foreign Government Securities
Other Caricom/Foreign Securities
TOTAL ASSETS IN FUND
1,758,156,290
1,753,596,676
22,979,101,494
275,661,899
1,800,155,881
19,898,769,546
LOCAL ASSETS RATIO
84.7%
89.57%
(see Figure 12)
7.13 During the year 2007, the Actuarial Valuations of forty-one (41) registered pension fund
plans were submitted.
7.14 The reports were reviewed with particular reference to the comments and/or
recommendations of the Actuaries with respect to the solvency position of each Plan.
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REPORT ON INSURANCE AND PENSIONS