Our Pension Funds offering

The Old Mutual Employee Benefits Division offers three types of pension funds designed to deliver value to the different market segments in which we offer our services. The three types of Pension Funds offered are as follows: Defined Contribution SchemeDefined Benefit SchemeHybrid Scheme (combines the features of the above two schemes)
Defined Contribution Scheme

The employer, in consultation with employees, chooses contribution levels for the purposes of pension build-up during the period of employment. The amount of pension payable on retirement is based on the amount of money in a member’s pension account at the time of retirement.

While this method makes budgeting easier for the employer, challenges may arise for the employee at retirement if the pace of pension build-up is compromised by factors which may include poor performance of the investment markets resulting in poor levels of pension.

Defined Contribution Scheme
Defined Benefit Scheme

Pension benefits are pre-defined by a formula that takes into account the member’s pensionable service and salary at or close to retirement. The pension fund type makes it easier for a member to plan for retirement but financial challenges may be posed to the employer if mandatory tri-annual actuarial valuations reveal a funding shortfall.

Defined Benefit Scheme
Your pension optionsThe following products cater for the pension payment needs of retiring pension fund members and a scheme that combines Defined Benefit and Defined Contribution pension options.Hybrid Pension Scheme

The Hybrid Pension Scheme is a combination of a Defined Benefit and a Defined Contribution scheme. The Fund targets a desired minimum level of pension using a Defined Benefit Underpin in order to mitigate the risk of poor benefits. The burden of funding for retirement is shared between the employer and employees.

Hybrid Pension Scheme
Hybrid Pension Scheme

The Hybrid Pension Scheme is a combination of a Defined Benefit and a Defined Contribution scheme. The Fund targets a desired minimum level of pension using a Defined Benefit Underpin in order to mitigate the risk of poor benefits. The burden of funding for retirement is shared between the employer and employees.

Hybrid Pension Scheme
Hybrid Pension Scheme

The Hybrid Pension Scheme is a combination of a Defined Benefit and a Defined Contribution scheme. The Fund targets a desired minimum level of pension using a Defined Benefit Underpin in order to mitigate the risk of poor benefits. The burden of funding for retirement is shared between the employer and employees.

Hybrid Pension Scheme
Payments of pension at retirement

Old Mutual Pension Plus - with this option, the retiring member surrenders his/her pension capital in exchange for a pension from Old Mutual. The purchased pension is guaranteed by Old Mutual and is reviewed once annually.

Old Mutual Emerald Managed Pension - allows the pensioner who has sizeable capital to have ownership of the balance capital. In the event of the death of the pensioner, the balance capital becomes part of the pensioner’s estate.

Payments of pension at retirement
Payments of pension at retirement

Old Mutual Pension Plus - with this option, the retiring member surrenders his/her pension capital in exchange for a pension from Old Mutual. The purchased pension is guaranteed by Old Mutual and is reviewed once annually.

Old Mutual Emerald Managed Pension - allows the pensioner who has sizeable capital to have ownership of the balance capital. In the event of the death of the pensioner, the balance capital becomes part of the pensioner’s estate.

Payments of pension at retirement
Payments of pension at retirement

Old Mutual Pension Plus - with this option, the retiring member surrenders his/her pension capital in exchange for a pension from Old Mutual. The purchased pension is guaranteed by Old Mutual and is reviewed once annually.

Old Mutual Emerald Managed Pension - allows the pensioner who has sizeable capital to have ownership of the balance capital. In the event of the death of the pensioner, the balance capital becomes part of the pensioner’s estate.

Payments of pension at retirement
Administration and consultancy services

Old Mutual offers competitive administration and consultancy services for all three types of pension funds (Defined Benefit Schemes, Defined Contribution Schemes and Hybrid Schemes). The pension funds are administered on either an Insured or Self Administered basis.

Administration and consultancy services
TALK TO USWant to know more about our Pension Funds? Please contact Old Mutual Zimbabwe.
    Copyright Old Mutual Limited 2020 | Disclaimer Privacy Policy
    Copyright Old Mutual Limited 2020
    Disclaimer Privacy Policy
    Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
      Old Mutual Share Price




      Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.