About Pension Services

Employee benefit packages are a vital consideration for any employer that wishes to attract and retain the best talent, as well as maintain a loyal and committed workforce. One of the main components of any employee benefit package is corporate pensions or savings provision. Most employees now regard retirement provision as a key part of their remuneration package.

Companies undertaking specialist activities, or operating from certain regions such as the Africa, Asia and the Middle East, invariably recruit a high proportion of their workforce from overseas. The relocation, orientation and training of expatriate employees requires considerable investment from the employer, making staff retention all the more important.

Sovereign has extensive experience in designing and operating corporate pension schemes. Our clients range from large international businesses to smaller firms just starting out. We will work with the sponsoring employer to design an employee benefit plan to meet that company’s specific requirements.

An important aspect of any employee benefit plan is its constitution. Sovereign offers trust-based solutions in which the assets of the plan are held in trust for the beneficiaries (the employees). This ensures the legal separation of the plan’s assets from those of the sponsoring employer, which provides an additional layer of comfort to employees and protects the plan from any party seeking to lay claim to the assets of the business.

The trustee of the plan will be one of Sovereign’s fully licensed and regulated or registered professional trust companies in Gibraltar, Guernsey, the Isle of Man, Malta or Hong Kong. This ensures professional management of the pension scheme within a robust regulatory framework.

To assist in the drafting process, a Sovereign consultant will liaise with the sponsoring employer to discuss the rules for the scheme, including eligibility, contribution levels and investment options.

Sovereign’s team of experienced consultants will be on hand to assist throughout the process, from design through to implementation. This includes building solutions to interact with ‘end of service gratuity’ obligations, or stand-alone arrangements if preferred. Sovereign also offers individual portable pension arrangements for internationally mobile employees and senior staff.

Interested in Pension Services?
Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.