A pool of funds that preserves your pension contributions from an approved pension fund.
Features
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Provides investors a guarantee on the capital invested and bonus declared.
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Strategically invest in a diversified portfolio of properties, equities, money market
and fixed income securities. -
The Fund year runs from January to December
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Member Benefit Statement as on 31 December will be issued to you annually once bonus for the year has been declared by Vanguard Pension Services Company.
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Provides you the opportunity to arrange retirement benefits that suit your personal and family circumstances.
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In the unfortunate event of death preceding your retirement, the benefit, consisting of your retirement savings together with accrued bonuses will become payable to your appointed beneficiaries.
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Your commitment
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To preserve your pension contributions from an approved pension fund.
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To keep the pension savings in the OASIS Fund for at least two years
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To use 50% or more of your pension savings to buy Pension Annuity.
Risks
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Once your pension savings have been invested in the OASIS Fund, the savings
can be transferred to another approved Fund only after two years.
Administration Fees
The initial Employee & Employer contribution transferred to Vanguard Pension Services Company will be subject to a once off administration fee of 2.5 percent, and thereafter an annual administration fee of 1 percent of the fund value.