“Getting an End of Service Benefits solution in place, that was sufficient to meet future needs, was a headache hanging over me. AES took the entire problem, solved it and delivered my company a total solution. Highly recommend - and actually, I already HAVE recommended AES.”
“We had a corporate pension solution in place, but it wasn’t sufficient to meet the needs of our key personnel. AES have created a solution, set it up, and they manage the ongoing investment side of things too. All in all – a highly professional service.”
“As a company, we spent a lot of time researching the right partners for corporate investment and financial management. We were so impressed with the key team at AES International when we met them that they made the job of choosing simple in the end.”
In plain terms, an international company or corporate pension is a pension plan which is written under trust and provides retirement benefits based on the accrual of a pot of money, from the investment of contributions paid by the employer, and in some cases the employee.
We specialise in corporate pensions schemes and employee benefit trusts within the Middle East, where because of the political, economic and legal environment locally, many companies opt to create their plans outside of the GCC.
Typically, it’s run by a board of trustees who are responsible for paying retirement and death benefits.
A corporate pension is normally a type of money purchase or defined contribution plan.
It will likely appoint an investment manager to manage the money within the scheme.
Our objective is to make what can be a complex process as simple as possible by determining benefits, systems, processes and accountability at the outset.
This normally entails the consideration of the following areas in great detail: -
Speak to an organisation expert in this particular area, and they will take the time needed to design and develop the most appropriate benefits structure for your organisation’s needs.
Note, the segregation of pension assets from company assets is not only safer and more compliant but makes good financial sense as well.
Poor investment mandates, poor governance and accounting practice make getting this area right an imperative. We can guide you.