Occupational Retirement Benefits Scheme
These are employer sponsored arrangements, set up under irrevocable trust. Upon being set up the scheme is a separate legal entity. The principle objective of setting up an Occupational Retirement Benefits Scheme is to provide for employees upon their retirement or for their dependents on the unfortunate demise of an employee.
Group Deposit Administration
Retirement Benefit Schemes are used worldwide as a tax efficient vehicle to encourage a form of permanent savings to provide for financial security upon retirement for employees. An employer can choose to set up a provident fund scheme, which provides a lump sum of accumulated benefits at retirement or a pension scheme which provides an income for life as well as a part lump sum payment.
Employee Benefit Consulting
Employee benefit consulting is a comprehensive and holistic service to pension schemes and provident funds. The service encompasses independent consulting advice and services, advice and assistance in the set up of new retirement benefits arrangements and modifications of existing benefits, undertaking the costing of various benefit modifications, cash flow projections, service provider selection, preparation and submission of all the legal and statutory documentation, etc.