RBC cees > Employee Benefit Plan Administration and Corporate Trustee Services > Pension, Retirement and Savings Plan Administration
Pension, Retirement and Savings Plan Administration
If your organisation employs internationally mobile employees, international senior management or are in a location with no local pension provisions, specific pension and savings plan arrangements can provide a centralised, cost efficient, incentive based solution. We provide multicurrency administration services and act as trustee on a wide range of pension, retirement and savings plan arrangements, including:
- International Pension Plans (IPPs) for Executives and International Mobile Employees
These types of plans provide a centralised pension provision for internationally mobile employees and executives, enabling their pensions to reside in one secure vehicle.
- Qualifying Non-UK Pension Schemes (QNUPS)
QNUPS are suitable for individuals who are UK resident and/or domiciled and are looking for significant tax planning opportunities, asset protection and a wide range of investment options from their pension plan.
- Middle East End of Service Gratuity (EOSG)
EOSG is a legislative requirement in the region, however, the majority of companies do not make any provision for it. An EOSG plan enables the company to fulfil its obligation to its employees, using the growth in invested capital to offset current and future liability.
- Offshore Savings Plans (OSPs)
OSPs provide a savings option for employees who would not otherwise have access to investment opportunities other than their own expensive personal arrangements. These plans often are structured with company contributions tied to a vesting schedule to act as a retention tool. Distributions are normally made on an employees leaving service date rather than at retirement.
Contact us today to explore how we can best meet your needs.