Defined Benefit Plan
These plans, also known as ‘Final Salary Schemes’, have a guaranteed retirement benefit based on the final salary and length of service of an employee. The employer is entirely responsible for funding the guaranteed benefit and, therefore, will dictate the investment policy. The employer receives all of the investment gains (and bears any losses).
A Defined Benefit Plan with Generali Worldwide
- Generali Worldwide provides a full service for the investment element and administration of a Defined Benefit Plan. We can also provide third party actuarial consultants or work with the employer’s own actuarial consultants.
- Generali Worldwide can provide a range of investments to suit the investment strategy of the client. This includes access to our guaranteed return fund (Deposit Administration Fund), which is very popular and is often selected as a major part of a Defined Benefit Plan.
- The Plan is available in US dollar, Euro, Sterling and Swiss franc.
- Generali Worldwide collects all premiums, included regular or ad-hoc Additional Voluntary Contributions (AVC’s) and invests them as directed by the employer and fund valuations are prepared and benefits paid as requested by the actuarial consultant or the employer/ trustees.