Destiny’s umbrella funds pool the retirement investments of multiple employers under a single legal entity to ensure corporate scale retirement, death, disability and other benefits for employees. What sets us apart is the total flexibility of the methods with which we structure our umbrella funds. We consider the unique retirement needs of every company and we leave no stone unturned until we can deliver a tailored plan for each client. We design a customised retirement fund solution for you; or we can review and significantly enhance the features of your existing fund. Destiny Umbrella Funds offers you a wealth of possibilities.
DESTINY UMBRELLA PROVIDENT FUND
(FSCA REGISTRATION NUMBER 12/8/36710)
As per regulations, the Destiny Umbrella Provident Fund allows members who resign or retire to withdraw all of their accumulated retirement funds in one lump sum or to transfer all or a portion thereof to another retirement vehicle or annuity.
Destiny provides a number of investment portfolios including the Conservative and Moderate Portfolios which have long track records of top tier positions in their respective classes over most reporting periods. Members have the option (subject to their Participating Employer’s Rules) of nominating any of the Portfolios or a combination thereof. Additionally, the Destiny LifeStage model is used by a number of participating employers.
The Trustees, with the support of GIB’s Investment Committee, selects asset managers, divides by asset class and monitors performance on an ongoing basis.
DESTINY UMBRELLA PENSION FUND
(FSCA REGISTRATION NUMBER 12/8/37522)
As per regulations, the Destiny Umbrella Pension Fund allows members who retire to withdraw up to one third of their accumulated retirement funds, whilst the remainder of their benefit must be used to purchase an annuity that will be paid out in the form of a monthly pension.
Destiny provides a number of investment portfolios including the Conservative and Moderate Portfolios which have long track records of top tier positions in their respective classes over most reporting periods. Members have the option (subject to their Participating Employer’s Rules) of nominating any of the Portfolios or a combination thereof. Additionally, the Destiny LifeStage model is used by a number of participating employers.
The Trustees, with the support of GIB’s Investment Committee, selects asset managers, divides by asset class and monitors performance on an ongoing basis.