A safety net for your later years
What is Umbrella Retirement Scheme?
The Geminia Umbrella Retirement Scheme is a retirement plan set up by Geminia Life Insurance to provide retirement planning for members of various participating companies.
Features Of The Plan
Multiple employers join in one large, already set up scheme and contribute retirement savings for their teams. The fund is invested collectively to enable the participating employers to enjoy the benefits of the pooled fund. It is ideal for organizations that may be too small to set up their own occupational Schemes which require a bit more process and paperwork to set up.
for an organisation.
Setting up an Umbrella Scheme at Geminia Life Insurance is free. The only charge to the scheme is an annual management fee of xxx charged on the total fund and shared equally among all member employers making it very affordable to operate.
Any employer with a minimum two employees wishing to surrender the rigorous work involved in the management of an occupation scheme is free to join our Umbrella Retirement Scheme
An employer who wishes to participate will read the Scheme Trust Deed and Rules (TDR) and then complete the Deed of Adherence which generally defines the retirement age, access to retirement benefits