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International Pension Plans and Retirement Savings Trusts
 
 

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International Pension Plans

 

Butterfield’s International Pension Plans (IPPs) are carefully tailored to meet the needs of your company
and your employees.

 


As specialists in pension fund trusteeship, we will ensure that your IPP is administered in accordance with
the trust deed and plan rules.

 


Our services include:

  • Comprehensive assistance for establishing the trust and setting up new plans
  • Assistance with agreements, including drafting of plan documentation and amendments
  • Monitoring investment performance
  • Bookkeeping, preparation of plan accounts, including liaison with auditors
  • Production of annual financial statements and maintenance of all Trustee record
  • Safekeeping of all pension assets


 

Benefits:

  • Our clients have maximum flexibility in choosing the best investment portfolio to suit their particular
    needs and financial objectives. They may propose and direct investment choices themselves, usually
    under the authority of a specially appointed investment committee, or Trustees can appoint an
    independent investment manager to provide discretionary management services to the Trust.
  • IPPs are free from Bermuda taxation, and plan members do not suffer tax charges, other than those
    that apply in the jurisdiction chosen for their retirement.
  • The assets of an IPP are held under trust outside the legal jurisdiction and control of the employing
    company and so are secure and unaffected by the long-term financial circumstances of the company.
    Pension plans in Bermuda are supervised by the Bermuda Monetary Authority.
  • Our experienced team of professionally qualified and experienced trust, pensions and customer
    service staff ensure that members’ benefits are well secured and professionally administered.

Fees are determined in accordance with requested services and will be provided upon request.

For more information ...

Butterfield Trust (Bermuda) Limited is a wholly-owned subsidiary of The Bank of N.T. Butterfield &
Son Limited and is licensed to conduct trust business by the Bermuda Monetary Authority.

 

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