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Vanguard Life Assurance

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Oasis Preservation Fund

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.