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Umbrella schemes allow multiple, unrelated employers to participate in a single pension scheme. They are popular among organisations due to their cost-effective and “hands free” nature.
What we offer
We offer a flexible arrangement that employers utilise to realise a retirement saving objective for their employees. The scheme has the unique benefit of easing compliance and scheme set up cost costs as it is already registered with RBA and KRA.
Additionally, the burden of scheme administration is borne by us. Jubilee Insurance is the sponsor and is responsible for the overall management of the scheme. This makes this scheme advantageous as compared to the occupational scheme since less procedures and paperwork are required.
Benefits at a glance
No set-up fee
Tax relief benefit
Guaranteed payment after retirement
Payment to dependents in the event of loss of life