Experience in Pension Fund management and Administration which encompasses a broad range of businesses and sound pedigree in Investment and Asset Management
Retirement Savings Account (RSA)
Retirement Savings Account is a retirement plan account opened by an employee and maintained by a Pension Fund Administrator for the purpose of saving towards the employee’s retirement.
Additional Voluntary Contributions (AVC)
Additional Voluntary Contributions are extra funds you can opt to add to your mandatory pension contributions, or simply set aside as retirement savings. These funds would be deducted from your monthly emolument by your employer and remitted into your VG Pensions Retirement Savings Account (RSA), along with your regular pension contributions. AVC differs from other regular savings you may have, as it is deducted from your salary before tax.
Benefits Administration is the process of managing and administering benefits to RSA holders who are qualified under the PRA 2014 to withdraw from their RSAs:
Veritas Glandvills has over a decade’s experience in managing portfolios and a team of seasoned investment professionals and managers who have assisted a wide range of individuals to build and sustain investment plans over the years.
Pension Advisory Services
FUG Pensions is involved in the provision of pension advisory services to companies, institutions both private and public, Retirement Savings Accounts Holders as well as Retirees seeking information and guidance on Retirement & Personal Financial Planning and the implementation of Pension Reform Acts 2014.
We are Solution Driven
What We Do
We Open a Retirement Savings Account
We open a retirement savings account for each contributor and ensure that a personal identity number (PIN) is given from the PenCom National Data Bank.
We Invest and Manage Contributions
We invest and manage contributions to maximize growth of the pension funds and assets in accordance with the investment guidelines stated in the Pension Reform Act.
We provide a 24/7 Customer Service Support
We provide a 24/7 customer service support which enables contributors to have access to their account balances and Statements of Account instantaneously.
For Programmed Monthly/Quarterly Benefits
For programmed monthly/quarterly benefits, we calculate actuarially, the retirement benefits and ensure the prompt payment of retirement & survivor pension benefits as stipulated in the Act.
We Maintain Transparent Book
We maintain transparent book of accounts and provide regular information on our investment strategy, and market returns to employees/beneficiaries and the regulatory authorities.