The ominous economic developments, the lack of ample social security, as well as demographic changes such as the increase in life expectancy, the increase of retirees and the reduction of pension contributions, have resulted in an increasing need for timely retirement planning. 

Employer-provided pension schemes will therefore constitute an important pension supplement for every employee

Benefits of a group retirement plan:
• Enhancing the retirement adequacy of employees after retirement 
• Reduction of cost, liability and management process of a Traditional Provident Fund/IORP
• Professional investment management approach with simple and transparent procedures, direct access to the members of the plan and balanced fees.
• Systematic saving and investment, thus maximising income of employees
• Tax exemptions for employers and employees

Providing an occupational pension plan is also an act of social responsibility on behalf of the employer, as saving for retirement is no longer an option, but a priority.