Saturnia Regna Pension Fund
Saturnia Regna – Saturnia Regna Pension Fund Registered Trustees (SRPF-RT) incorporated in 1992 was the first Pensions product developed by Bencon’s predecessor. Saturnia was established to provide an investment platform for large and small employers alike. It operates as a multi-employer (umbrella) fund where multiple and unrelated employers join to take advantage of economies of scale and risk pooling, which potentially translates to significant reductions in overall costs, more so the unit cost. It stands in contrast to a standalone solitary fund established on behalf of a single employer.
This option provides the least number of registration requirements for a new participating employer. This pooled fund has standard governance documents ranging from the trust deed, rules, code of conduct of trustees, administration, and investment agreements, investment policy and other necessary legal documents. A new entrant is only required to sign a participation agreement or deed of adherence to become a member. Once a corporation becomes a member, all necessary legal documents are shared for information and adherence.
Joining this fund offers the easiest and quickest route to membership