Our employees are our most cherished assets. We offer a range of highly competitive benefits; excellent opportunities for career progression; an informal..
The Cedar Pension Scheme is a Defined Contribution (DC), Master-Trust Scheme that offers an economically efficient pension vehicle for administering the statutory tier 2 pension contributions of workers.
The Fund offers a default lifecycle option designed to accommodate different investment preferences of participants as they approach retirement.
Members who elect to choose their own investment plans can modify their investment plan every five years as their circumstances change. This is done automatically for participants on the default lifecycle option.
Enrolment
With more than 350 participating institutions, the Fund is open to employers that have 10 or more workers with monthly contributions not less than GHS1,500. Because the Cedar Pension scheme is an occupational scheme, only participating employers can register their employees on the scheme.
Contributions
Employers are required to remit 5% of employees pensionable salary to the Cedar Pension Scheme. Contributions payments and associated remittance data should be submitted before the 14th of every month.
Leaving Employment
Members can transfer their benefits to and from the scheme whenever they change jobs. At the election of a participant, benefits can also be preserved in the scheme, though one may change jobs.
Payment of Benefits
Benefits from the scheme are paid either as lump sum or as programmed withdrawals upon retirement. In the event of death, death benefits are paid to nominated beneficiaries of the worker through the sponsoring employers.
Why join the Cedar Pension Scheme ?
1.Competitive fee structures.
2.Competitive investment returns.
3.Low expense ratio
4.Automatic switching from one investment plan to the other as employees' life cycle and circumstances change.
Our employees are our most cherished assets. We offer a range of highly competitive benefits; excellent opportunities for career progression; an informal (liberal) working culture; and we are committed to continually developing and training our employees to ensure we remain at the cutting edge of knowledge, information and best practices.
The following are benefits of being on the Axis Team:
a. Working for a Trusted Brand that is increasingly becoming the pensions provider of choice of multinationals.
b. Informal working culture that encourages initiative taking and creativity individual freedom Flexible working.
c. Opportunities to study for relevant professional qualifications under the sponsorship of the company.
d. Attractive financial rewards designed to be competitive amongst the top 5% in the industry
Axis Pension Trust Ltd (APTL), a leading company in the retirement savings industry in Ghana, was incorporated in September 2010 and obtained a license as a Corporate Trustee from the National Pensions Regulatory Authority in March 2012.
Axis is a private company, wholly owned Ghanaian and independent of other players in the pensions industry in Ghana.
Axis Pension Trust offers retirement savings solutions and administration expertise. The soundness of Axis in terms of business capacity to administer large employer-sponsored schemes is evident by the rich profile of our clientele.
Our business is simply to make pension provision painless for employers and assuring for scheme members. We offer world class services to invest and safeguard the retirement savings of Ghanaian workers for a better future.
Axis is the second largest in terms of total assets under administration and the third largest in terms of regulated pension assets.
The combined asset base of Axis’ trustee and administration business portfolio as at June 2016 was in excess of GH¢700m.
The Axis business model is designed to offer simple, efficient and client-focused solutions to our scheme sponsors and participants.
Due to our consistency in meeting clients’ expectation, we have grown to become a key reference point for quality service delivery within the pensions industry.
Vision
Axis hopes to become a household name and a key reference for pension provision in Ghana by 2030.
Mission
Our mission is to contribute to the socio-economic development of Ghana by promoting a culture of savings and creating retirement wealth for workers.
We will achieve this by building engaging partnerships, leveraging on world class expertise, adopting sustainable investment practices, and creating a customer-centric organization.
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Axis Pensions is a Pan-African pensions administration company ceased with a mandate to uplift the economic status of African workers for a better retirement