8:00AM - 6:00PM
Mon - Fri
If your organization has a Provident Fund and/or DC Pension/Gratuity Fund, and you would like to out-source its administration, we can take this over to enable you and your accounts department to concentrate on your main business. Some leading employers have decided to out-source their Provident Funds to us. Others have taken our actuarial advice on the correction allocation of investment income to members. Our services in this regard include:
Database system provides individual employees with unique logins to access and check their account balances securely.
Determining the ultimate payout for an employee's Provident Fund (PF) and Defined Contribution (DC) Pension upon their departure.
Regular financial reporting for Provident Fund (PF) and Defined Contribution/Defined Benefit (DC/DB) Pension Funds.
Timely and accurate financial reporting for Provident Fund and Defined Contribution/Defined Benefit Pension Funds.
Another important area is to project the estimated benefits of the Fund. An exclusive analysis for each member of the Fund is carried out to determine projected retirement benefit from the Fund. The benefit is then analyzed for different income drawdown options including:
Detailed insights and financial information are captured in the monthly Fund Accounts reports.
Buying a life annuity involves acquiring a financial product that provides a regular income stream for the rest of one's life
The anticipated timeframe for exhausting funds through monthly income withdrawals.
Estimating monthly withdrawal amounts from the Fund based on anticipated future lifespan for income planning.