Retirement Fund

Retirement Fund is an employee plan set up by a company to fund the retirement/separation benefit payments of its qualified employees at a future date. It can be set up using either or a combination of the following plans:

• Fixed Benefit Plan/Defined Benefit Plan –A Retirement plan where only the employer is required to contribute to the Fund and the benefits to be received by the employees are defined.
• Contributory Benefit Plan/ Defined Contribution – A Retirement plan where both the company or their employees or both make fixed contributions. The funds accumulated are eventually distributed to separated/retired/incapacitated employees.

With our dedicated Sales Officers and Account Officers, we can help you set up your company’s retirement fund and when the account is opened, you have professional and experienced investment managers to prudently manage the funds contributed to the retirement fund account in accordance to your risk appetite and liquidity requirements.

Already have a Retirement Fund account? We can act as co-Trustee or an investment manager so that you are able to compare return performance and services.

• It must be a definite written program;
• It must be a permanent and continuing program unless terminated by virtue of a valid business reason;
• Must cover at least 70% of all officials and employees;
• It must be non-discriminatory;
• It must provide for non-forfeitable rights;
• It must be non-diversionary;
• It must be administered by a Trust.