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A pool of funds that preserves your pension contributions from an approved pension fund.
Features
Provides investors a guarantee on the capital invested and bonus declared.
Strategically invest in a diversified portfolio of properties, equities, money market
and fixed income securities.The Fund year runs from January to December
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.
Provides you the opportunity to arrange retirement benefits that suit your personal and family circumstances.
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.
Your commitment
To preserve your pension contributions from an approved pension fund.
To keep the pension savings in the OASIS Fund for at least two years
To use 50% or more of your pension savings to buy Pension Annuity.
Risks
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.