Nura Kemis 
- Britam has launched the Ngao Umbrella Pension Scheme under Britam Asset Managers (BAM).
The multi-employer retirement benefit scheme aims to pool funds from various employers, investing and managing these funds collectively to ensure the financial security of its members.
The scheme is structured as a segregated provident fund, allowing companies to easily join and adhere to its rules for the provision of retirement benefits to their employees.
The scheme is tailored mainly for Small and Medium Enterprises (SMEs) as it is a cost effective solution since it has no join in fees and has a straightforward application process.
Employers are also relieved of the fiduciary responsibilities typically associated with managing a retirement scheme, allowing them to focus on their core business activities.
The Head of Business Development, Concepta Ayuma, celebrated Britam Asset Managers’ 20th anniversary and its significant contributions to society.
“Over two decades of service and innovation, we’ve consistently supported SMEs. Our new pension scheme enables businesses to offer valuable benefits to their employees, boosting productivity and loyalty.Britam Asset Managers remains committed to empowering SMEs to enhance employee benefits and foster dedication,” said Concepta Ayuma.
Speaking during the launch, Barack Obatsa, BAM CEO affirmed our commitment so safeguarding dreams and aspirations of those that we serve.
“The launch of this scheme demonstrates our commitment to inclusivity, catering to all businesses, from those having a single employee to large corporations.
This scheme is more than just a solution; it’s a shield protecting companies from the complexities and burdens of managing retirement benefits.
By joining it, companies can bypass the cumbersome registration process and immediately benefit from a collective and professionally managed investment fund.”
