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Businesses

Show your employees they matter by giving them 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 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.

Contact us to set up your customised pension plan today.

 

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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
Ancoria Simple

When you choose the Ancoria Pension Plan for your employees, there’s no set-up or administration costs, and onboarding new members is simple, so you save valuable time and money.

Ancoria Flexible
Ancoria Flexible

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

Ancoria Transparent
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.

Ancoria Tax-efficient
Ancoria Tax-efficient

On the Ancoria Pension Plan, both employer and member contributions are tax deductible, so you keep more of the money you earn and you save at the same time.

Ancoria Personalised
Ancoria Personalised

Members can get one-on-one guidance on their investment needs and strategy from our investment specialists before their plans start. They’re also encouraged to attend the annual pension plan review meetings we arrange with their employers.

Ancoria Secure
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.

Every business depends on its employees to grow, but employee needs are never the same. A junior employee isn’t approaching retirement planning like a senior manager.

The Ancoria Pension Plan offers five simple, affordable pension funds that cover the financial needs and goals of your entire workforce, making your employees happier and more productive with long-term financial peace of mind.

Ancoria Local Banks Cash Pension Fund

Ancoria Local Banks Cash Pension Fund
 

Employees enjoy high capital protection by investing their contributions in the cash deposits of local banks participating in a 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.

Ancoria Cash Pension Fund

Ancoria Cash Pension Fund
 

The Ancoria Cash Pension Fund gives you maximum capital protection by investing in the cash deposits of banking institutions across Europe with the highest credit ratings.

Ancoria Conservative Pension Fund

Ancoria Conservative Pension Fund
 

Prioritise capital preservation over capital appreciation for a moderate return, by investing in a diversified portfolio that spreads your risk out across major asset classes and geographic regions.

Ancoria Balanced Pension Fund

Ancoria Balanced Pension Fund
 

Enjoy capital appreciation over time with moderate investment risk, by investing across asset classes and geographic regions.

Ancoria Growth Pension Fund

Ancoria Growth Pension Fund
 

See substantial capital appreciation over time with higher investment risk, by investing across asset classes and geographic regions.

Ready to set-up your workplace Pension Plan?


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