Wealth creation for employees<\/p>\n
Indonesia's pension fund prospects are very healthy, according
\nto Simas Lend Lease Life's President Director and BII Lend Lease
\nInvestment Services' Commissioner, Bob Bettridge.<\/p>\n
Together, the above two companies offer a full range of
\nsolutions for creating employee wealth. Services offered range
\nfrom full-service pension funds, including administration,
\ninvestment and insurance through Simas Lend Lease Life, to
\ninvestment only management of funds through BII Lend Lease
\nInvestment Services.<\/p>\n
Indonesia has an advanced pension funding system. As elsewhere
\nin the world, retirement funding will develop as a main pillar of
\nemployee welfare and for funding industrial development. Medical
\nscience continues to improve worldwide. As a result, employees
\nlive longer, spend more time in retirement and, therefore, there
\nis a greater need for employee wealth creation during their
\nworking life to live comfortably in retirement.<\/p>\n
Simas Lend Lease Life Pension Fund was approved by the
\nMinistry of Finance in 1994. It is a joint venture between the
\nSinar Mas Group and Lend Lease Corporation from Australia. The
\nLend Lease Group has been managing money for over 100 years and
\ncurrently manages assets in excess of A$70 billion worldwide.<\/p>\n
Lend Lease Corporation is a leader in employee benefits for
\nits own staff and in pension fund administration. The philosophy
\nis now part of the DKLK Simas Lend Lease Life Pension Fund, which
\nbelieves in customer investment flexibility. Investment can be
\ndone via Simas Lend Lease Life or BII Lend Lease Investment
\nServices and also through alternative fund managers if required.<\/p>\n
As Indonesia continues to recover, and interest rates fall,
\ninvesting in cash alone for long-term wealth creation can cause
\nfinancial hardships later in life. There will be a need for
\ninvestment diversification. Many employees do not understand the
\nconcept of risk, return, their own investment profile and how it
\nchanges as they get closer to retirement. Bettridge sees
\neducation as an essential part of the retirement business. So,
\neducation seminars are offered to our clients and their staff, so
\nthey understand what they have.<\/p>\n
Unfortunately, not all employees have an easy run and some do
\nnot make it to retirement, due to illness or accident. To
\ncompliment retirement funding, Simas Lend Lease Life will design
\nextensive employee benefit programs, such as health insurance and
\ngroup life insurance.<\/p>\n
Both Simas Lend Lease Life and BII Lend Lease Investment
\nServices are budgeting for a major increase in the pension fund
\nbusiness in 1999. Bettridge is convinced that pension funds will
\ngrow rapidly as the Indonesian economy continues to grow. It is a
\nkey market and a key need for all Indonesian employees.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/wealth-creation-for-employees-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}