PensionPLUS
Safeguard the retirement needs of your employees.
About PensionPLUS
Occupational Retirement Plan PensionPLUS of Universal Life is a comprehensive retirement plan offered to businesses and organizations designed to secure the retirement needs of their workforce, through systematic saving and investment.
The Plan is classified under Class VII 'Group Pension Fund Management Class’ and operates under the supervision of the Insurance Companies Control Service. It is equivalent to a Provident Fund, permitting transfers from existing Provident Funds.
Who is the pan addressed to?
PensionPLUS is available on a group basis for members who are either professionally connected through common employment or via participation in a professional association.
Benefits of a Retirement Plan
Secures retirement needs through systematic saving and investment
Increases employee efficiency, productivity and loyalty by providing intrinsic benefits and incentives
Offers tax benefits for employers and employees
Why PensionPLUS
Expertise and Experience
- More than 50 years of experience in managing Individual as well as Group Saving and Retirement Plans
Investment Governance
- Investments Team comprised of high-caliber professionals who possess extensive experience in investment fund management
- Executive Investment Committee consisting of C-level executives with strong academic backgrounds and financial expertise
- Partnerships with world-class Asset Managers
Personalized Investment
Each member may select any combination between the Investment Pension Funds based on their investment profile
Fund Management Cost
- Competitive Fund management fees
- Free and unlimited transfers between Investment Pension Funds and of future contribution’s allotment rates
Simplicity and Transparency
- Simple procedure for sign-up and investment management
- 24/7 Access to U connect client web portal
- Clear and transparent charges
How it works
Creation of a Group Account and simultaneous creation of an Individual Member Account
Employer and Employee Contributions
Personalized Investment Management according to the member’s Investment Profile
Continuous monitoring of the account, benefits, and changes
At retirement, each member receives a lump sum amount
Investment funds
Universal Life currently maintains four Group Investment Pension Funds classified under Group Pension Plan management - Class VII
* The expected returns are indicative long-term returns with no guarantee that these will be achieved in the future.
"High" risk fund
Investment Strategy
Choose one or more investment funds and alter the initial allocation, at any time, at no cost.
More than 10 years until retirement
The long time horizon until retirement allows for the adoption of an investment profile with high risk, aimed at achieving high capital growth to improve financial position upon retirement.
5 - 10 years until retirement
The medium time horizon until retirement suggests transitioning to an investment profile with moderate risk, seeking to balance capital growth and capital protection
2 - 5 years until retirement
The short time horizon until retirement suggests transitioning to an investment profile with low risk, focusing on protecting the generated capital with limited potential for further capital growth.
Less than 2 years until retirement
The very short time horizon until retirement suggests transitioning to an investment profile with very low risk, aiming to protect the generated capital without the possibility of further capital growth.
The information provided above does not constitute investment advice. Decisions regarding investments should be made at your responsibility and after a thorough analysis of your needs. Investments involve risks, and there is a possibility of capital loss
