The Jubilee Umbrella scheme allows multiple, related and unrelated employers to participate in a single pension scheme. They are popular among organisations due to their cost-effective and “hands free” nature. Jubilee Life Insurance is the Sponsor of the scheme and has appointed a Coporate Trustee who oversees overall management and governance of the scheme.
Why join the Jubilee Umbrella Scheme?
- It eases compliance and scheme set-up costs as it is already registered with the RBA and KRA.
- The burden of administration is borne by Jubilee Life Insurance Limited.
- Less procedures and paperwork are required.
- Upon signing up, employers execute a deed of adherence to scheme rules defining contribution rates, eligibility, retirement ages etc. ensuring compliance simple and well defined.
Key Benefits
No set up fee
Guaranteed payment after retirement
Tax relief benefit
Financial security
Payment to dependents in the event of loss of life
