About VM Pensions Management

We're all about pensions.
And then some.

Company Overview

Victoria Mutual Pensions Management Limited (VMPM), formerly Prime Asset Management, was formed in 1996, as a division of Prime Life Assurance Company Limited, and eventually evolved to become a stand-alone entity. The Company was acquired by Victoria Mutual in 2013. The acquisition enabled the Victoria Mutual Group to expand its products and service range with the incorporation of pension services, providing Members with comprehensive solutions for each stage of their life cycle.

A New Era

On May 2, 2017, the organisation completed its name change to Victoria Mutual Pensions Management, the final stage of its transition. As a member of a Strong Integrated Financial Group, VMPM is proud to be the sole independent pension fund manager in Jamaica and the 3rd largest provider of pension fund services. VMPM intends to continue along its growth trajectory by not only exercising prudent investment management strategies but by also boosting efficiency through the use of technology in order to deliver superior service to its clients.

As part of a Strong Integrated Financial Group, VMPM is proud to be the sole independent pension fund manager in Jamaica and the third largest provider of pension fund services in Jamaica. The company offers a full range of pension services including:

  • Pension Fund Administration
  • Pension Fund Investment Management
  • Member Education
  • Transition/Compliance Services
  • Trustee Education
  • Pension Consultancy Services

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Funds under Management

Backed by the strength of the Victoria Mutual brand, Victoria Mutual Pensions Management Limited will continue along its growth trajectory by exercising prudent investment management strategies and boosting efficiency through the use of technology, to deliver positive results for all stakeholders.

Our growth of Funds under Management (FUM) has been driven by our clients' confidence in our ability to deliver value. As at September 2016, total FUM was J$34B, for a client base of 7,900 members. The company continues to experience growth, driven mainly through rigorous asset allocation strategies and by performance across all assets.

Administration Services

Our Administration Services are provided by a team of competent and knowledgeable professionals, who boast over 60 years of combined experience in the industry.

Our full range of Administration Services includes:

  • member enrollment
  • statutory reporting
  • benefit processing
  • consultation with actuaries/attorneys/auditors
  • member communication
  • reporting to trustees
  • fund accounting
  • pensioner payroll processing

Pension Administration Software

We utilise the P3 pension administration software offered by P3 Corporate Pensions Software Limited, which is a specialist provider of class-leading software for administering both UK and international Occupational Pension Schemes.

Our software won the Financial Times (Business) 'Pension Software Provider of the Year' in the UK in 2006.

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Investment Management

VM Pension Management has managed pension assets all through our history. Our continued growth in Funds Under Management (FUM) is attributable to a clear understanding of each asset class. We are proud to say that under our management, clients' funds have consistently outperformed all benchmarks.

Our clients benefit from outstanding service provided by team members who bring appropriate experience and expertise in investment management in the areas of:

  • Unit Trusts, pension funds, asset and portfolio management
  • Corporate treasury management, financial strategy and management, merchant banking
  • Past Trusteeships and investment committees
Under VM Pension's management, our clients' funds have consistently outperformed all benchmarks.

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