Workplace Pension
Investing now in a secure financial future is an employee's priority, but you share the responsibility too.
Employees today increasingly expect businesses to help them financially plan for golden years and enable them to afford to retire at the time that’s right for them.
And fulfilling your moral obligation to care for your employees’ welfare and help them invest in their future financial security achieves the following;
- Motivates employees to perform better — alleviates employees’ financial distress and helps them focus better on tasks at hand.
- Empower employees — enables employees to make informed decisions and take charge of their own future.
- Safeguards their future — helps employees attain peace of mind and look forward to a comfortable retirement.
- Keep the company’s image — boosts your organization's image as a caring employer and improves your ability to recruit and retain talent.
Join the 95% of happy clients and experience the difference today!
Our Solutions
A registered fund with several participating employers is ideal for employers that find navigating complex legal and statutory demands for setting up and running their own scheme a challenge.
Advantages of Umbrella Retirement Scheme
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There are no setup costs for the scheme.
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Hassle free for the employer: completely free of the day-to-day hassles of running it.
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Flexibility: the employer is free to choose the type of fund, contribution rate, and retirement age.
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Portability of benefits: employees are free to transfer accumulated benefits to any other registered retirement scheme when employment ceases
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Cost Optimization: The cost of running the scheme is shared among the various participating employers, giving members’ competitive added value for money.
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Reduced exposure: There are no heavy fiduciary responsibilities assumed by the employer as the scheme is managed by industry professionals.
A scheme set up by an employer to provide retirement benefits to their employer and requires the organization’s involvement in day-to-day administration.
Organizations must retrain human capital and hire third-party service providers, such as fund managers, custodians, auditors, and fund administrators, to ensure prudent everyday management of employee savings.
Annuity Features
An Income for Life
No matter how long you’ll live after retirement, an annuity will provide an income for life, worry-free.
A fixed or increasing income
You have the option of a fixed income that always stays the same or setting your income to increase annually to keep pace with inflation.
Payment options
You can choose monthly or quarterly payments
Options to support your dependents
You can opt for our income to be paid to a loved one after you die.
Guaranteed payment period
You can guarantee income for a specific period of time, such as 20 years and if you die within this time, income will be provided to your loved ones on a regular basis until the conclusion of the term.
Is an annuity right for you?
Annuity is suitable for you if;
What You Should Know
You ought to be quite certain of your choices, as there's no going back once your annuity has started.
Your income is taxable Income is taxable based on your income tax rate.
Annuity can’t be surrendered or cashed in.
You may receive less income payments than the amount of savings you used to buy the annuity, depending on the options you choose and how long you live.
Ready to take the next step?
An effective employee retirement plan demonstrates a company's commitment to the well-being and long-term happiness of its workforce. It builds a culture of support and shows employees that their future matters.
