BEST IN MARKET UMBRELLA FUND SOLUTION

The Askew International Trust is a duly registered and regulated entity under Mauritius law. The trust is administered by professional trustees, who are compensated for their duties as trustees, and are prohibited from receiving any other form of remuneration or compensation, directly or indirectly.

The purpose of the trust is to provide a vehicle for employee retirement, which are funded by employer contributions to the trust. As multiple employers are allowed to participate, the fund follows a classic umbrella fund methodology, whereby costs are minimised by allowing multiple employers to participate therein for their employees.

The structure of the trust is setup with a structure to allow employer specific rules to be drafted and approved by the employer, typical of any umbrella fund arrangement. This ensures that the international pension plan operates within each employer’s remuneration methodologies and policies, any applicable local fiscal laws as well as other specific requirements.