Defined Contribution

Defined Contribution Plans, also known as 'Money Purchase Plans', have a variable retirement benefit, based on the contributions paid into the plan each year and the associated investment returns. The investment risk/benefit is wholly borne by the employee and, therefore, the employer's liability is fixed to the agreed contribution rates.
Generali Worldwide offers a number of cost effective options, for small, medium and / or large companies, that allow for varying degrees of customisation.

Customised Plan

This plan design is most suitable to medium / large plans or small high-value plans and is ideal for both savings and retirement. This plan offers a customised solution based on flexibility and tailor-made service provision where a wide range of services can be defined.

Corporate Savings Plan

This plan design is most suitable to companies with a small membership looking to set up a cost effective plan. All of the decisions in respect of the plan implementation are made by the employer. This plan offers the employer flexibility with regards to eligibility, investment and contribution amounts, with the additional provision that if plan membership grows sufficiently it can be transferred to a Customised Plan.

Umbrella Plan

This plan design is most suitable to companies with a small number of internationally mobile employees looking to set up a cost effective plan. It is a trust arrangement that has been developed alongside an independent trust company who acts as a trustee of the plan and is the owner of the plan assets, which gives more security and comfort to employees.