Archive for September, 2011


Thursday, September 29th, 2011

FMi’s Eric Macaluso To Appear As Panel Speaker At Annual Bermuda Financial Services Conference In New York City.

On October 5th, Manhattan’s renowned Harvard Club will be hosting the Bermuda Financial Services Conference, a yearly event focusing on the benefits of doing business in the well-known tropical paradise. For 2011, FMi President Eric Macaluso has been asked to participate in a special panel discussion entitled “Regulatory Basics: Domestic Insurance & Licensing”.

“FMi has been doing business in Bermuda for decades, primarily as a result of our relationship with Freisenbruch-Meyer Insurance Services, Ltd.,” says Macaluso. “My invitation to the panel group reflects FMi’s role as a major international pension provider,  and I’m looking forward to sharing information and ideas regarding the specificities of Bermuda pensions at the Conference.”

According to Macaluso, the event is designed to increase awareness and interest in Bermuda’s business opportunities. “It’s for anyone looking to initiate or expand business ventures there,” he explains. “Virtually every enterprise will find this a valuable, highly-informative forum for discovering the expertise, stability, and direct access to so many major global commercial concerns that make this island nation such a reputable, time-proven business centre.” (more…)


Wednesday, September 7th, 2011

Remember the old TV commercial that stated ‘no two aspirins are alike’. While for some that’s still a debatable issue, there is no debate when it comes to corporate retirement plans. They’re simply not all the same. So before any plan is decided upon, it’s essential to ascertain a few facts about the potential provider.

The first thing you need to find out is whether a plan provider offers open architecture. In other words, the provider you choose should place no requirements on funds. The least desirable plans will force you to use their own funds. More often, you’ll have to employ funds that provide a certain amount of revenue sharing. This isn’t necessarily a negative; some of the best funds will involve revenue sharing as a means to defray costs. Many of these will even reimburse it. “The best retirement plan providers will go one step further,” states Peter Macaluso, Vice President of FM International Services (NY), Ltd., one of America’s most respected retirement plan providers. “These firms will also show you the precise amount of the revenue sharing, and allow fiduciaries to choose the most appropriate funds for a particular client.” (more…)