When it comes to investments,
everyone is unique. We're at different stages in our lives...
we have diverse goals... and we possess varying levels of
investment knowledge. That's why Silver Thatch Pensions offers
three Profile portfolios: growth, balanced
and conservative, instead of the traditional
"one-size-fits-all" investment fund. These portfolios
are designed to help you build wealth on your terms, based
on your personal circumstances.
The Profile approach – a first for
a Caymanian pension plan – offers several advantages. It offers
you:
a better balance between investment risk and returns,
cost-effective access to a range of professionally managed
funds, and
the flexibility to increase or decrease your risk exposure
with AVCs.
The
enhanced Silver Thatch Pension Plan gives you a more meaningful
way to build and preserve wealth through all stages of your life.
How the Silver Thatch Pension
Plan works
Silver Thatch offers a
two-part wealth management programme.
One…
There's an employer subsidized pension
plan that provides a cost effective way to build retirement savings.
(In addition to what you contribute, your employer contributes
an amount equal to at least 5% of your earnings. That's money
you can use for your retirement.)
Two…
There is also a supplementary arrangement
that offers a convenient and flexible way to augment your retirement
savings through additional voluntary contributions (AVCs).
With the pension plan, you and your employer each contribute a
set amount. The money, which is invested on your behalf, is directed
automatically to one or more of three Profile portfolios:
Grow wealth in your early years with a growth portfolio designed to
maximize investment returns over the long term,
Manage wealth in your middle years with a balanced portfolio designed
to enhance investment returns while minimizing risk, and
Preserve wealth near your retirement,
when you need it the most with a conservative portfolio
designed to protect the assets already accumulated.
How
your pension account and contributions are invested at any given
point will depend on your personal risk profile. More specifically,
it will depend on three key factors: your age, your income range,
and your marital status. If your personal risk profile changes
over time, so too will your investment portfolio, ensuring your
investments continue to reflect your needs.
With additional voluntary
contributions (AVCs), the control is in your hands. You decide
how much to contribute – you can stop, start, or change the level
of your contributions at any time. You also decide how to invest
your AVCs, choosing from any of five different investment portfolios.
These include the three “core” portfolios described above, plus
two others:
an ultra-conservative income portfolio
to provide maximum security, and
an aggressive growth portfolio
to provide maximum returns.
Looking to pick a portfolio
for your Additional Voluntary Contributions? Our
Smart Investing Questionnaire will help you narrow the field.
Click
here
In short, Silver Thatch
is more than a pension plan. It's a flexible wealth management
programme that's designed to help you save for a financially
secure retirement – on your terms.
