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Occupational Retirement Schemes

This is a retirement benefits scheme set up and registered by the employer for the benefit of its. employees.

What is Occupational Retirement Schemes?

• The Scheme is registered in the name of the employer.
• The Employer choses whether the scheme is Pension scheme or Provident Fund.
• The employer appoints the trustee who become the legal owners of the scheme. This can be individual trustees or corporate Trustee
• Where the trustees are individual trustees, the sponsor nominates 50% and the members elect 50% to represent the is interests in the scheme
• The trustees appoint the scheme administrator, Fund manager or Approved issuer, Custodian
• As Pioneer Assurance, we offer Administration services to occupational schemes, Investment of scheme funds and also custodial services.

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