Sovereign International Retirement and Savings Plan

Deliver on your duty of care as an employer and help attract and retain staff by putting in a simple and cost-effective way to help your employees save from payroll.

No minimum contribution or fixed term for which one needs to invest. Just simple, effective regular savings into investment funds provided by Vanguard, Fidelity International, HSBC and Blackrock. Employees don’t even need to send us the money. Just one monthly bulk payment
from the employer is all that is required.

By paying, even small amounts in regularly, staff will benefit from the three superpowers: $cost averaging, compound growth and time.

Attracting and retaining high quality staff is imperative to a successful business. Employers can offer an additional employee incentive by paying a voluntary employer contribution, making sure you keep the experience and expertise of staff you’ve invested time into.

You can also limit access to the value of that benefit dependent on the employee’s time served. If they don’t meet the threshold then the value will revert back to the employer.

It is an easy and effective way to deliver on your objectives and to provide employee benefits where you have the flexibility to vary the percentage dependent on the category of staff, length of service, expertise or employment contract. You can tailor to your specific requirements.

Take the stress out of ensuring you have sufficient funds to meet your regulatory liability with our EOSB funding solution. We offer two ways to pre-fund your EOSB liabilities:

Segmented
Every month pay a % of salary into the employee Member Account. For example if you are in the UAE it would be 5.83% / 8.33% of salary. The employee can see the benefit online but cannot gain any access to it until they leave. When the employee leaves, and if there is enough within the EOSB pot, then no additional payment is required. If there is a
hortfall to the defined benefit amount required, you will only need to make that up, so you have limited the amount of money you need to find.

EOSB Company Account
As the Employer you would have a Company Account – an investment pot. You could pay into it at an agreed frequency and invest it in the funds available. When an employee leaves, you would then instruct us to withdraw from this pot and pay the gratuity to the individual.