Benefits
Minimal administration is required by the employer as the majority of work is undertaken by the pension provider. Online web-based monitoring tools can be provided that allow both members and employers to view contribution records, account balances and investment performance over the internet.

The employer decides whether the scheme is mandatory for certain levels of staff, or an optional scheme for eligible employees. The employer sets the normal retirement age and may also wish to set age restrictions for entry.

Portability: the schemes we set up provide total portability - departing members may switch their account to their new employer or convert to a personal pension plan; thereby removing administration workload for departed employee's plans.

Retirement: Schemes allow flexibility as to how and when benefits are taken (subject to retirement age and employment circumstances) but the employer may wish to impose certain criteria. Most offshore schemes will pay out a lump sump, ad-hoc payments, or purchase an annuity to provide a regular pension income. Benefits are also available in the event of disability and hardship at any stage.