Businesses

Show your employees they matter by offering them the tools for a solid financial future

Cyprus’ leading occupational pension plan.

Employee satisfaction drives business productivity. But job happiness isn’t something you can create with a positive office culture or an end-of-the-year bonus alone.

You also need an affordable, flexible, tax-efficient incentive that will really make a difference to the lives of your employees.

Ancoria Pension Plan is the most popular occupational pension scheme in Cyprus for a reason. It makes it easier and more cost-effective for employers to give their employees the ultimate incentive: a solid financial future when they retire.

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Ancoria Pension Plan

A new benchmark in occupational pensions.

No matter how many employees you have, you can offer them a simple and flexible occupational pension scheme with the Ancoria Pension Plan.

Enrolment and operation are simple. You enrol your employees as plan members. Each member gets a personal pension account. Member accounts grow with employer and member contributions, which are paid into the plan on a monthly basis.

Members enrolled in the Ancoria Pension Plan decide themselves how they want to invest the amounts in their accounts, which they can access easily via Ancoria OnLine.

The Ancoria Pension Plan is the evolution of traditional provident funds. It allows you to focus on your business and leave the administration and management of your workplace pension to the experts.

Frequently asked questions

Ancoria Simple

The Ancoria Pension Plan carries no set-up or administration costs, and onboarding new members is simple, so you save valuable time and money. There are no reporting requirements nor are you required to have an investment committee, which both are time consuming and costly.

Ancoria Flexible

Members can personalise their investment strategy and switch between pension funds via the Ancoria online system. Contributions are optional and flexible. Employers can customise their company’s pension plan and maintaining autonomy without relying on standardised constitutions or complicated exit strategies.

Ancoria Transparent

Fund prices, fund performances and fund assets are updated regularly so you and your employees will always know exactly where your pension money is being invested and what their value is.

Ancoria Tax-efficient

Both employer and member contributions are tax deductible, so you pay less taxes on your income and save at the same time.

Ancoria Personalised

Members can get one-on-one guidance on their investment needs and strategy from our investment specialists.

Ancoria Secure

The Ancoria Pension Plan is governed by Class VII of the Law on Insurance and Reinsurance Services and Other Related Issues 38(I)/2016: Management of Group Pension Funds.

Understanding pension funds.

Age and years until retirement are some of the factors to consider when choosing a suitable investment strategy for your pension.

The Ancoria Pension Plan offers five pension funds that cover the financial needs and goals of your entire workforce, thus ensuring tha each member will invest according to their personal circumstances and investment profile.

Ancoria Local Banks Cash Pension Fund

Employees enjoy high capital protection by investing their contributions in the cash deposits of local banks, Cyprus banks' deposits are covered by the deposit guarantee scheme. If you’re a small or medium-sized business, this means that every member of your plan is covered for up to €100,000 per financial institution in case of default.

Ready to set-up your workplace Pension Plan?

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