Under the National Pensions Act (Act 766), if you are a formal sector worker, then the Social Security and National Insurance Trust (SSNIT) is mandated to manage your Tier 1 pension. GLICO Pensions, as a licensed private pensions company, is also mandated to manage your Tier 2 pension, which would pay a lump sum to you upon your retirement.
We have therefore designed a GLICO Master Trust Occupational Pension Scheme that specially takes care of your Tier 2 pension. The Scheme, since its establishment, has had several companies and institutions signing on. Because of the sheer size of the assets under management, it is one of the most robust pension schemes in the country and no wonder more customers keep joining year after year.
The GLICO Master Trust Occupational Pension Scheme gives good returns since the large asset base enables us to negotiate for the best of investment returns for our customers while still safeguarding the investment in accordance with regulatory guidelines.