Provident fund is a fund that employee and employer jointly established for financial security of the members and members' family in the event of employment termination, retirement, disability or death.
The fund is collectively contributed by members to be invested via Provident fund. It comprises of employee's contribution and employer's contribution in the agreed upon percentage at each payment of salary or wages.
Is it now about time to prepare yourselves and your employees for happy, comfortable and, of course, rewarding retirements? If it is, you would be relieved to hear that we, Aberdeen Standard Asset Management Company Limited, can help you with your retirement planning with our provident fund management service.
Aberdeen Standard Asset Management Company Limited offers provident fund management service with two types of fund structures, Pooled Fund and Single Fund.