Umbrella Pension scheme is designed for small or start up pension schemes that create a pool of investments to maximize return on investments while sharing costs.
Best suited for companies that may experience challenges in setting up and running their own pension schemes or want to avoid the process setting up and maintaining a pension scheme.
- No set up financial and human resources are required.
- Continuity of the fund is guaranteed; Unlike occupational schemes where service providers are member elected, an umbrella fund appoints a corporate trustees and administrators that is unaffected by regime changes.
- Flexibility: The clients have flexibility in choosing their own retirement age and contribution rates.