Pension administration services
The administration of pension plans is complex and requires careful assessment to that proposed solution fits your needs. Guardian Life can help. We are committed to efficient management of your pension plan. We developed expertise from having many years experience in the administration of pension plans. Our pension administration solution integrates the four modules critical to administration: employee data, pension plan rules, government legislation and investment funds. Full data history is maintained with effective dates. Our system meets the requirements of employers, trustees and the pension scheme members by including detailed reporting and audit trails.
We have capabilities for direct linkage with pension plan sponsors where we download data from the employer’s payroll system, process the data and upload the information to the employer’s computer.
Investment management services
The sole purpose of a pension plan is the provision of pensions or annuities for employees, either on retirement at a specified age and after completion of a specified period of service or earlier retirement on becoming incapacitated, or on the death of employees, for their widows, children or dependents. Thus a pension plan represents a long-term commitment to the welfare of employees at the end of their working career. Guardian Life Limited is guided by our fiduciary responsibility to offer expert advice to the trustees in keeping with the provisions of the Income Tax Act and the Pensions Act 2004. WE commit to assist the trustees to meet pension plan objectives by gaining a solid understanding of the plan liabilities and selecting appropriate assets that distinguishes the plan’s investment performance. Guardian Life Limited is guided by an investment policy that emphasizes prudence and safety to protect the retirement benefits of your Plan members.
Annuity Administration
Guardian Life Limited will provide the necessary administrative support for the efficient administration of the annuities. The relevant provisions of the Income Tax Act of Jamaica, or other applicable statute will govern the payment of annuities.
