SETTING UP OF THE SCHEME

Our role consists of the following:

• Designing of the scheme benefits to suit the need of your employees and your budget
  
  
• Preparation of the rules and the agreement to govern the scheme
  
  
• Handling the legal procedures involved in the setting up of the scheme
  
  
• Dealing with the relevant authorities for the approval of the scheme

ADMINISTRATION OF THE SCHEME

Following the agreement between you and us and the approval of the scheme by the Authorities, we will open and operate a separate account for the Pension Fund.

Contributions payable monthly by you and your employees are credited to the Fund. Interests/dividends earned from the investment of the funds are credited to the Fund.

We will pay out of the Fund benefits directly to the employees or their beneficiaries as and when they fall due.

We will charge a management fee to be agreed between us. At the end of each year or more frequently if you so request, we will submit a financial statement to you, disclosing all income and outgo to the Fund.

INVESTMENT OF THE FUNDS

Pension Fund liabilities are mostly long term and require the application of skillful resources for efficient management of the funds.

Our two fundamental principles are

Security of assets
Through selection of quality investment products and investing in a wide range of assets, we ensure the continuous security and stability of the Fund so as to meet its liabilities as and when they fall due.

Maximising Returns
Our objective is to achieve, with an acceptable degree of risk, the maximum return on the Funds and reach the optimum balance between risk and return.

ACTUARIAL INVESTIGATION

The Fund will be subject to regular actuarial investigations as defined in the Rules of the Scheme.

The object of this investigation is to determine whether the Fund is solvent and to determine any adjustment in the rate of contribution if necessary.