Self Administered Funds

Self-Administered Funds are recommended for Large Corporates.

These individual employer-sponsored schemes operate as a Trust and allow the company, through a Board of Trustees, complete control on administration, investments and decisions.

Contributions to the Fund benefit from a tax relief.

Main Characteristics of a Self-Administered Fund

  • A dedicated pension trust made for large companies
  • Registered as a Trust under the Trust Act
  • Own Board of Trustees composed of employer and employee representatives
  • Requires involvement from the part of the sponsoring employer (in particular the Board of Trustees)
  • More control over contributions, fees, charges, investments and benefits

Our pension scheme administration services include the following:

  • Daily Management of the members/schemes (Maintaining Membership Data Records ; Processing, Calculating and Paying Benefits ; Computerized data on a leading benefit fund administration system)
  • Management and organisation of committees
  • Preparation and providing of informational documents (Providing Benefit Statements to Pension Plan Members once a year ; Preparation of Effective and Targeted Employee Communication Material, such as booklets, meeting with employees, etc. ; Reporting on membership statistics
  • Legal procedures (such as implementation of scheme with authorities ; filing of returns)
  • Advice on Pension (appropriate Group Insurance, Permanent Health Insurance and transfer values)
  • Accounting (Maintenance of accounting records ; Preparation and Submission of Accounts ; Full management of the audit process)

Other services such as Investment Advisory and Actuarial services may also be provided.

 

For more information: Contact us on 207 2507 or [email protected]

 

Feber Associates
First pension management fund set up in Mauritius
30 years of experience

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