SOCIAL SECURITY BOARD TO TURBOCHARGE INVESTMENTS TO BOOST RETURNS

Director of the Social Security Board, David Matthias says discussions for the scheme’s 75-million-dollar investment in the Jolly Beach Hotel are at an early stage.

Cabinet announced the decision weeks ago, and since then, Prime Minister, Hon. Gaston Browne has staunchly defended the move, which he says is aimed at shoring up the sustainability of the scheme.

Under the plan, the hotel will be transformed and expanded.

Matthias tells ABS News in an exclusive interview the board is expanding its investment portfolio to boost earnings beyond traditional sources, such as contributions.