We Guarantee Sustainability, Minimize Risk, And Professional Management
Over the years, organizations, schemes, and high net worth individuals have handled death benefits casually, either in-house, i.e., in the HR/ Finance department for organizations, within the scheme for retirement benefits, and with no written Will or Trust in place for individuals.
The children suffer because of the lack of a structured system for receiving school fees, medical care, and maintenance assistance. This method of managing children’s funds is only viable when there are few cases to deal with. However, when there are many beneficiaries, the risks for organizations, schemes, and individuals increase.
To guarantee sustainability, minimize risk and professional management, we recommend that organizations, schemes, and high net worth individuals consider outsourcing the management of death benefits (Group-life, Personal Accident, Retirement benefits) and other assets into a Trust Fund.
Trust funds are invested in pooled funds to enhance growth of the funds to meet the ongoing liabilities
Professional structures to provide advisory services to the beneficiaries in respect of management of the benefits.
When the beneficiaries are of age and have gone through their education, the Trust fund can be wound up and benefits paid to them in agreed proportions
Frequent updates and comprehensive reports on how the funds are performing.
Facilitation of periodic audits to enhance accountability and overall transparency
VALUE ADDITION
TRUST FUND GOVERNANCE STRUCTURE
In our Endeavor to provide superior professional services in respect of the provision of this Settlement Trust Fund Management, Octagon Trustee Services Ltd provides Trustee and administration services, the fund manager provides guarantee and segregated fund management services, and the Bank provides custody services.
BENEFITS
Octagon Africa Financial Services is an award winning leading regional financial services company with significant industry consolidation within the non-profit, public and private sector in 4 strategic divisions namely Pensions Management, Insurance Brokerage, Training and Actuarial Services.
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