Our Corporate Benefits
The Group provides independent corporate advisory services and contracted to all the major providers of Umbrella Funds. The Group also has the capability and capacity to provide benefit and asset consulting services to Stand Alone Funds. We strive to provide quality customer service to all employers and funds through the partnerships that we share.
Umbrella Fund Solutions
We understand that employers need to focus on growing their business. Umbrella Fund Solutions provide employers with the flexibility to structure employee retirement and risk benefits, under a single corporate umbrella thereby empowering both staff and employers. This allows employees the peace of mind to live their lives with the knowledge that their financial future is taken care of, and their families are financially protected.
What is an Umbrella Fund?
An Umbrella Fund is a retirement fund which allows multiple unrelated employers to join the fund, compared to a stand-alone fund which is usually set up by a single employer for its employees.
Contributions from various employers and members are pooled into a single Umbrella Fund
Overseen by a Board of Trustees
Umbrella Funds are generally sponsored by large financial institutions, such as Liberty Corporate, to carry out the administration of the fund.
A Board of Trustees looks after employees’ retirement money and acts in the best interest of members.
Why join an Umbrella Fund?
We are able to provide a fully customisable solution, tailored to you and your employees, where each benefit can be selected from a range of different benefits. Each of the above solutions has been developed to allow employers the flexibility to structure solutions that best meet the unique needs of their employees, by using technology to develop simple, flexible solutions.
Our risk solutions aim to enable your employees to smoothly navigate unexpected life events, and help improve their lives by making their financial freedom possible.
As an employer who cares about your employees, you want to be able to help take care of them and their families during difficult times. We partner with you, as the employer, by providing a range of risk solutions that offer protection in the event of death, disability and critical illness. We can also provide a number of unique services to enable us in providing optimal services to our clients.
Thinking about a business’ financial wellbeing, as well as that of an employee, should happen more than once. This underpins our investment proposition, which is supported by an easy-to-understand, value for money investment and annuity options, which includes investments, annuities and liability driven solutions that are suitable for small to medium sized enterprises (SMEs), large corporates or multi-national corporations.
Our investment proposition integrates the pre-retirement and post-retirement planning phases of each member, allowing us to provide solutions that cater for both an employee’s working life and their retirement. It is supported by an easy-to-understand, value for money investment range and guided by a framework for making investment decisions.
Employers have access to expert guidance and feedback for the investment strategy of their members’ assets, to enable employers to make informed decisions to support achieving their employees’ investment goals.
Investment presentations will be provided for the management committee on a regular basis or as requested from time to time from the management committee. In addition to the ongoing investment presentations, an anniversary report will be issued annually to Funds adopting the retirement goals-based strategy. Along with investment performance, this report will track members’ journeys towards retirement and outline, where necessary, the impact of corrective action. Furthermore, monthly statements (alternatively quarterly or annual statements) are available for the management committee to review invested contributions, benefit payments, investment growth and balances, both per portfolio and at an aggregate level.
Members have the ability to access their own benefit and investment statements detailing debits and credits to their investment accounts, in real time from the relevant providers online system.
When changing employers, members are encouraged to keep their savings invested, so that it can continue to grow with investment returns. This improves the likelihood that members can achieve their retirement goals. We offer members a seamless preservation option to retain their benefits when they change employers. The member continues to invest at a low-cost, institutionally priced investment management fee, and at a competitive administration fee. This empowers members to achieve their retirement goal even more easily. Members will have access to an accredited Wealth Advisor to guide their investment decisions as they preserve their savings and as they journey towards their retirement.
Our suite of annuity solutions covers an extensive range of available annuity products in the market:
· A guaranteed life annuity range
· A new age with-profit annuity
· A Uniquely tailored living annuity offering
The flexibility allowed for within the annuity products may be suitable to meet a range of requirements, depending on unique individual needs.
The Activ8 Group has in-house specialist benefit and assets consultants that help participating employers on the Suite of Umbrella Funds to do better business and achieve superior outcomes through happy, financially empowered employees. If you need help with retirement savings, fund advice and employee benefits, we can help you.
Our combination of highly qualified, specialist consultants and methodology:
· Provide employers and members with advice that ensures the best possible outcome in retirement
· Develop compelling employee value propositions to attract and retain talent, and position you as an employer of choice.
We incorporate our comprehensive and up-to-date knowledge of relevant enterprise issues, data analytics, legislation and market conditions into our advice. All of this allows us to develop strong long-term partnerships with employers and to deliver innovative and relevant solutions.
It is important for your employees to understand that they are not alone and have access to the Value-Added Services provided by our various partners for counselling and other additional support which they, or their family, may need.
These Value-Added Services include:
- Trauma Counselling
- Medical Advice
- Hospital Admission Guarantee
- Emergency Ambulance Service
- Legal Assistance
All the services mentioned above will be available to members as well as their spouse and child dependents under the age of 21.
There is also funeral policies available and employees will have access to funeral assistance services, including body repatriation.
Each individual’s circumstances are different. Obtaining correct information and adequate advice can aid in ensuring that employees make sound financial decisions.
Financial Advisers and Wealth Managers play an essential role in ensuring that employee benefits solutions are well-suited to taking care of employees’ needs.
Our Team works with their clients to develop tailored solutions that ensure employees’ risk and long-term investment needs are secure. This includes providing advisers with useful tools and advice to enhance the customer and adviser experience.
Our retirement benefits counselling service aims to provide members with clear, easy-to-understand information about retirement fund default options.
Members have access to benefits counselling providing information about a fund’s default investment strategy, a fund’s default preservation strategy if they are leaving their employment, and about the default annuity strategy when they are nearing retirement. Benefits counselling is provided at no additional charge to members.
All employees will have access to benefit counsellors, who will provide factual information to aid in decision making and allow them to make more informed financial decisions.
- Competitive cost structures
- Independent but contracted to the major providers
- Consulting support and expertise
- Treating of all customers fairly
- Tailor-made services and solutions
- Individual member advice and support
