The Umbrella Plan

For medium-sized employers, providing a professional, cost-effective, and well-managed retirement fund can be a challenge. The NBC Umbrella Plan is a powerful solution designed to provide your employees with a world-class retirement benefit without the administrative burden of setting up a stand-alone fund.

What is the NBC Umbrella Plan?

The NBC Umbrella Plan is a Tier 3 multi-employer retirement fund. It is highly regulated by the National Pensions Regulatory Authority (NPRA) and operates on a defined contribution basis, providing lump-sum benefits to members. This fund is expertly designed to provide retirement, death, and other crucial benefits to the employees of participating companies.

The Advantages of Our Umbrella Fund

By joining our multi-employer fund, you leverage the power of critical mass. This offers you a highly cost-efficient and sound retirement fund solution without the complexities of managing your own. The NBC Umbrella Plan effectively outsources the entire administration of the fund, allowing you to focus on your core business.

For Employers

• Reduced Administrative Burden: We remove the substantial management burden of a stand-alone fund. Our professional trustees handle all regulatory requirements, ensuring full compliance.
• Cost Efficiency: Harness significant economies of scale, reducing your administration costs.
• Expert Benefit Design: Gain full access to our expertise in designing a benefits package that is perfectly tailored to your employees’ needs.

For Employees

• Tax-Efficient Savings: The plan provides a tax-efficient way to save for retirement.
• Pooled Risk Benefits: The multi-employer structure allows for the pooling of risk, offering enhanced benefits and security.

Key Benefits of the Tier 3 Fund

The NBC Umbrella Plan is designed with the member’s security and flexibility in mind.

• Flexible Withdrawal Options: Access flexible withdrawal options before retirement, giving you control over your savings.
• Member Participation: Members have the opportunity to participate in the management of the scheme.
• Above-Average Returns: Your investment has the potential to earn returns that are consistently above Treasury Bills.
• Loan Collateral: You have the opportunity to use your benefits as collateral for a loan.
• Safety and Growth: Enjoy the peace of mind that comes with the safety of your funds and the steady growth of your investment.
• Online Access: Our online facility allows you to easily track and monitor your investment at any time.
• Optional Insurance Benefits: You can choose to attach group insurance risk benefits, such as death, medical, and accident cover.
• Simple Onboarding: The enrolment process is simple and comes at no cost to the employer.

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