Jamaica is ageing much faster than many expected. In an article earlier this month on the country’s demographic shift, Sanya Goffe, president of the Pension Industry Association of Jamaica, highlighted that Jamaica is moving toward a future where a growing share of citizens will be retired, living longer, and increasingly dependent on personal savings and investments for survival. This reality places one need above all others for older adults: financial security and stability.

Longer lifespans mean retirees must stretch their resources further. At the same time, inflation, rising health-care costs, and economic uncertainty create added pressure. Relying solely on traditional savings accounts, pensions, or family support is increasingly insufficient. To enjoy a dignified, independent life in their golden years, Jamaicans must prioritise investments that deliver predictable income, capital preservation, and stability.

Why Financial Security Matters So Much in Retirement

For older adults, financial security is not simply “having savings.” It means:

• A dependable income stream that supports daily living expenses

• Protection from inflation, especially through USD-denominated assets

• Low volatility, reducing exposure to sudden market shocks

• Liquidity, giving access to funds when emergencies arise

• Diversification, to avoid over-reliance on any single source

Ultimately, it’s about the peace of mind of knowing that your lifestyle, health-care needs, and personal independence can be maintained over time.

Investment Solutions That Support Stability in Later Life

While no single investment can solve every retirement need, certain types of products are particularly well-suited to delivering stability and predictable returns. Three investments stand out for Jamaican retirees:

1) Global Bonds

Global bonds provide access to diversified, interest-bearing securities in strong international currencies such as the US dollar. For retirees, they offer steady, regular interest payments, reduced exposure to Jamaican dollar depreciation and lower volatility than equity markets (stocks).

2) Repurchase Agreements (Repos)

Repos deliver fixed returns over short, defined periods, making them ideal for retirees who want certainty and planning flexibility. The benefits of repos include: guaranteed, contractually locked-in rates, lower risk through collateralisation (Pro tip: the quality of the asset backing your repo matters, so ask questions!), and various tenors to match your needs.

3) Promissory Notes (PNotes)

Promissory notes offer fixed, transparent interest rates that begin accruing as soon as funds are added. PNotes are known for clear, predictable income, and simple terms with no complex features. These characteristics make them an attractive option for those who prefer straightforward, stable returns.

A National Call for Retirement Readiness

As highlighted in Sanya Goffe’s insights, many Jamaicans are not financially prepared for longer lifespans. Retirement planning can no longer be delayed or treated as optional. Investment options such as global bonds, repos, and promissory notes provide practical pathways to the stability older adults deserve.

After decades of hard work, Jamaicans should enter their golden years with confidence, supported by secure investments that offer long-term protection, dependable income, and peace of mind. Start the new year with a portfolio review with a licensed financial advisor.

Toni-Ann Neita-Elliott, CFP is the vice-president, sales & marketing at Sterling Asset Management. Sterling provides financial advice and instruments in US dollars and other hard currencies to the corporate, individual and institutional investor. Visit our website at www.sterling.com.jm

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Toni-Ann Neita Elliot.