Super Fund was set up under the Employees Superannuation Fund Act in November 1999. It is an Umbrella pension fund open to employees of enterprises which are members of the MEF. It is targeted at enterprises wanting to pool together their contributions into a common fund and hence benefit from better investment and economies of scale. The administrators of the Fund are PCA Ltd, and the fund managers are Axys Capital Management Ltd.
Why join the scheme?
· No minimum number of employees required to join the scheme (even one employee can join the scheme)
· Good investment performance since inception: an average annual return on investment of 15.85%
· Being an association, the objectives are not profit based. We work in the best interest of our members whereby all surpluses are re-injected into the schemes.
· Flexibility of contribution for both employers and employees: Contributions for employers will vary from 3 to 20%, depending on factors such as the age and salary of the employees.
· Portability of Pensions in line with the legislation.
· Bonus: Death and Permanent Disability Cover of 26 times the last salary.
· Regular reporting to all members assuring total transparency
Kindly note that there is absolutely no charge to make a proposal of a pension plan for your enterprise and inform you of your options. All you have to do is fill in a Quotation Form and to send it to us at i.kong@mef-online.org so that we can make a customised proposal.
