Our Schemes
Secure your financial future with Frontline Pensions – flexible, secure, and expertly managed retirement planning.
Frontline Golden Pension Scheme (Tier 2)
Frontline Golden Pension Scheme as an Occupational Pension Scheme is a retirement savings plan established for employers to make monthly contributions into the scheme on behalf of their employees toward retirement.
The scheme is regulated under the National Pensions Act, 2008 (Act 766) and the Occupational and Personal Pension Schemes (General) Regulations, 2011 which set the framework for the administration, management, and investment of the pension funds, ensuring compliance and protection of members’ interests.
The scheme is managed by approved trustees, who meet strict eligibility criteria of the NPRA.
The Trustees are guided by a carefully designed investment policy, ensuring that pension funds are invested prudently to maximize returns while minimizing risks.
Upon retirement, members receive benefits based on the contributions made and the investment performance of the scheme. The scheme also provides options for early retirement, disability benefits, and death benefits to beneficiaries.
Members can transfer their accrued benefits to another registered scheme if they change employers, ensuring continuity and security of their retirement savings.
Trustees are required to maintain accurate records, provide annual benefit statements to members, and comply with the regulatory requirements set by the National Pensions Regulatory Authority (NPRA).
Frontline Diamond Pension Scheme (Tier 3)
It is a Master Trust Provident Fund Scheme, a retirement savings scheme designed to offer flexible and secure retirement benefits to members.
The scheme allows participation from various employers, making it ideal for organizations of different sizes and sectors. It also accommodates self-employed individuals and persons with transferred benefits from other schemes.
The scheme is regulated under the National Pensions Act, 2008 (Act 766) and the Occupational and Personal Pension Schemes (General) Regulations, 2011, which set forth the requirements and standards for the administration and operation of the scheme.
The Trustees are guided by a carefully designed investment policy, ensuring that pension funds are invested prudently to maximize returns while minimizing risks.
Upon retirement, members receive a lump-sum payment of their accrued benefits. The scheme also provides for early withdrawal in cases such as disability or other specified conditions.
Members receive annual benefit statements that detail their contributions, accrued benefits, and any changes in the investment performance
Benefits are portable, allowing members to transfer their accrued benefits to another registered scheme if they change employers or choose a different scheme
Frontline Personal Pension Scheme
It is a voluntary retirement savings plan that allows individuals to save for their future independently or in addition to other pension plans. This scheme is designed to provide flexibility and security for individuals, including those who are self-employed or working in the informal sector.
Participants can make regular or lump-sum contributions to their pension accounts. Contributions can be adjusted based on the individual’s financial situation, providing flexibility in saving for retirement.
The scheme operates under the National Pensions Act, 2008 (Act 766) and the Occupational and Personal Pension Schemes (General) Regulations, 2011, ensuring that it meets regulatory standards and provides security for the contributor.
Upon reaching the retirement age, members receive their benefits, which include the total contributions made and the returns on investments. The scheme also provides options for early withdrawal in cases of disability, critical illness, or other specified conditions.