By investing a lump sum or some of their salary each month, your employees can access a wide range of investment choices. With the help of their financial advisor, they can combine investments in a tax-efficient way to grow their savings.
Access to a wide range of well-researched and well-known underlying investment options.
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Your employees can have truly bespoke and personalised investment portfolios, comprising a combination of mandated, collective investments from various asset managers, and direct shares.
The investment minimums are determined by the trustees of the relevant retirement fund.
There is no minimum investment term, but investors must retire from the fund at normal retirement age of 55.
Investors have total freedom to change their underlying investments. There is no charge to make a change, but depending on where to the investor moves their money, initial investment charges may apply.
Access to the widest choice of investments: The underlying investments from which a member can choose, are determined by the relevant retirement fund, but Glacier has a range of about 1000 underlying investment funds available, as well as the option to invest in individual shares, exchange traded funds (ETFs) and other instruments via our stockbroking service.
At retirement, investors can transfer their retirement savings to an income-generating product like our
Investment-Linked Living Annuity or our
Investment-Linked Lifetime Income Plan (transferring to a Glacier product is free of charge and does not interrupt their investment term).
If an employee resigns from your service, they can transfer their savings to another retirement savings product. Transferring to a Glacier product is truly seamless, as your investment is not realised.
If the investor is permanently disabled before they retire, the benefit is paid out to them in the same way as if they had reached retirement (aged 55).
The investor may withdraw the money in cash, subject to the retirement fund rules, tax and other legislation at the time.
Fees vary per product and the underlying investment. Your employees should speak to their financial planner to make sure they understand which fees they pay and why.
It is important to bear in mind that any investment has some risk. We therefore recommend that you consult a financial planner who can help you find the most appropriate products for your needs and circumstances.