Retirement Solutions

Orion is an umbrella product for small- to medium-sized businesses seeking to outsource retirement fund management.

What is an umbrella fund?

A pension or provident fund established for the employees of various participating employers, compared to a retirement fund that is established for the employees of one company.

Options available through Orion

Pension Fund

A pension benefit is provided on retirement and comprises total retirement funding contributions plus investment returns. Benefits are also paid out on death, disablement or withdrawal from service.

Provident Fund

A lump sum or pension benefit is provided on retirement and comprises total retirement funding contributions plus investment returns. Benefits are also paid out on death, disablement or withdrawal from service.

Investment Channels

Orion recognises that different employers and employees have varying investment needs. Employees, as defined by the employer within specific member groups, therefore have access to a number of investment channels.

Smoothed Bonus Portfolio

Guaranteed Fund - A partially vested Smoothed Bonus Portfolio.

Death and Disability Insurance Benefits

Different employers and employees have different death and disability insurance needs. The benefit options below are offered from within the Orion Retirement Fund (except for Disability Income and Family Benefits) or as completely separate policies of insurance.

Reassurance by other retirement funds (except Disability Income and Family Benefits) is also allowed.

Death and disability benefits include:

  • Group Life Assurance Benefits: A lump sum is provided on death of the member.
  • Accident Death Benefits: A lump sum in addition to the Group Life Assurance benefit is provided on accidental death of the member.
  • Defined Contribution Risk Benefits: The cost of the benefit is determined upfront. The death cover levels are determined based on the set cost.
  • Family Benefits: A lump sum is provided on death of the member, spouse and children of the member.
  • Disability Income Benefits: Provides an income payable to the member upon disability until normal retirement date, recovery or death - whichever occurs first.
  • Lump Sum Disability Benefits: A lump sum is provided on the total and permanent disability of the member.

How do I apply?

Complete our enquiry form or call +265 (0) 1 820 677.