Crown Agents Bank administers pensions for almost 15,000 people living in more than 50 countries and pays their pensions in local currencies.
Administration
- Defined benefit and defined contribution schemes
- Collecting and recording contributions
- Individual contribution accounts
- Benefit calculation and entitlement
- Annuity payments and income drawdown
- Statutory deductions at source
- Statutory tax and other reporting
- Life certificates & authentication procedures
International payments
- Low cost international payments at competitive exchange rates
- Local currency payments by electronic transfer into pensioners' bank accounts
- Local currency payments by cheque or post office warrant where needed
Pension fund Administration
- Provided by Crown Agents Investment Management