Www.royalfidelity.com The Royal Fidelity Multi Employer Pension Plan.
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Transcript of Www.royalfidelity.com The Royal Fidelity Multi Employer Pension Plan.
www.royalfidelity.com
The Royal Fidelity Multi Employer Pension Plan
www.royalfidelity.com
Key Facts:
• 50/50 Joint Venture between Fidelity and RBC completed in Dec, 07
• Operations in the Bahamas (since 1997) and Barbados (Dec, 07)
• Comprehensive range of domestic and international investment banking and wealth management services
• Manage and administer in excess of US$1.3 Billion in assets
• Use local intelligence and a global perspective to provide innovative, objective and well rounded solutions
• Active and well respected participant in the communities we serve
• Trusted advisers in Barbados market for more than 30 years through RBC Investment & Trust division
Who We are
+
www.royalfidelity.com
Key Services
• Corporate Finance
• Investment Management
• Pension Administration
• Trading & Brokerage Services
• Mutual Fund Administration
• Trusts & Estate Planning
www.royalfidelity.com
Our Multi Employer Plan
• Registered last November just ahead of the passing of the Occupational Pension Benefits Act
• Been in existence in the Bahamas for 8 years
• Six Thousand Lives and nearly 100 Companies• Incredibly simple structure that solves many of the problems
now present with the new Act
• Online Access
• Administration Provided through Penad system
www.royalfidelity.com
ROYAL FIDELITY
MULTI EMPLOYER
PENSION PLAN
Company
A
Company
B
Company
C
Company
Z
Individuals
• One set of rules •Unless participation agreement has a different set of rules
• Participation Agreements allow for different rules for each participant
• Varying contributions• Varying vesting periods• One Plan so ones set of
fees• One registration• One Audit
How the Plan Works
www.royalfidelity.com
Key Features
• Eligibility – Both Individuals & Companies
• Portability Feature
• Flexible Investment Options
• Administrative Solutions
• Fees, Costs and Time
www.royalfidelity.com
PORTABILITY FEATURE
Job 1 Job 2 Job 3
Reti
rem
en
t
Upon termination/resignation from Employer, Plan Participants can opt to change status to Individual member or transfer
investments into a Royal Fidelity Personal Pension Plan Account
CareerStart
www.royalfidelity.com
FLEXIBLE INVESTMENT OPTIONS
The Plan allows Participants to choose one or a combination of the
following funds for investment of the employee, employer and
voluntary contributions. These funds have proven track records
and are managed by our professional investment managers:
Portfolios options:
• Royal Fidelity Select Balanced Plan
• Royal Fidelity Premium Income Fund
• Royal Fidelity Strategic Growth Fund
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SELECT BALANCED FUND
Period
Rate of
Return
1 Year 9.44%
3 month 10.02%
*5 Years CAGR 3.44%
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PREMIUM INCOME FUND
Period
Rate of
Return
1 Year 4.63%
3 Months 0.6%
Inception 6.68%
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STRATEGIC GROWTH FUND
Period
Rate of
Return
1 Year -3.73%
3 Months -0.42%
Inception -5.33%
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Risk vs. Return
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Administrative Solutions
• Comprehensive Recordkeeping Support and Reporting
• Quarterly Member Statements
• Efficient Benefit Payments to Plan Participants
• Expert Plan Consulting services, including plan reviews and
compliance services
• State of the Art Technology – Online Capabilities
• Extensive Education & Communication Program
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Consultation through Implementation
• Review of current benefit structure & investment make-up
• Assess the needs of both employer & employees
• Discuss important considerations:
• Eligibility requirements
• Contribution levels
• Vesting schedule
• Loan/Withdrawals availability etc
• Conducting onsite meetings with employees to introduce plan, explain features and
complete enrollment forms
• Customizing the Plan features to meet special requirements
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Fees
• No Set Up Fees
• Annual administrative fee of 1% of the net asset value of the
plan
• Trustee Fees 0% per annum
• Custodian Fees 0% per annum
• Investment Management Fees: 0% per annum
www.royalfidelity.com
Questions and Answers
Thank You!