Your employees can have truly bespoke and personalised investment portfolios, comprising a combination of mandated, collective investments from various asset managers, and direct shares.
The investment minimums are determined by the trustees of the relevant retirement fund.
How long to invest for
There is no minimum investment term, but investors must retire from the fund at normal retirement age of 55.
Freedom to change investment choices
Investors have total freedom to change their underlying investments. There is no charge to make a change, but depending on where to the investor moves their money, initial investment charges may apply.
Access to the widest choice of investments: The underlying investments from which a member can choose, are determined by the relevant retirement fund, but Glacier has a range of about 1000 underlying investment funds available, as well as the option to invest in individual shares, exchange traded funds (ETFs) and other instruments via our stockbroking service.
How it works
At retirement, investors can transfer their retirement savings to an income-generating product like our
Investment-Linked Living Annuity or our
Investment-Linked Lifetime Income Plan (transferring to a Glacier product is free of charge and does not interrupt their investment term).
If an employee resigns from your service, they can transfer their savings to another retirement savings product. Transferring to a Glacier product is truly seamless, as your investment is not realised.
If the investor is permanently disabled before they retire, the benefit is paid out to them in the same way as if they had reached retirement (aged 55).
The investor may withdraw the money in cash, subject to the retirement fund rules, tax and other legislation at the time.
Fees vary per product and the underlying investment. Your employees should speak to their financial planner to make sure they understand which fees they pay and why.
Why get financial advice
It is important to bear in mind that all investments have some risk and offer varying potential returns. We therefore recommend that you encourage your employees to consult a financial planner who can help them find and combine the most appropriate products for their needs and circumstances.