Provident fund
Provident fund is a fund that employee and employer jointly established to help provide financial security of the members and members' family in the event of employment termination, retirement, disability or death.
Employer and employee contributions are paid into the fund at the agreed upon percentage at each payment of salary or wages.
Is it now about time to help your employees save for their retirement ? If it is, you would be relieved to hear that we, Aberdeen Asset Management (Thailand) Limited, can help you with your retirement planning with our provident fund management service.
Aberdeen Asset Management (Thailand) Limited offers provident fund management service with two types of fund structures, Pooled Fund and Single Fund.
Factsheets
Pooled fund
A Pooled fund is suitable for small or medium size companies. A Pooled fund can be more effective managed and cost-effective while it offers different type of sub funds that cover a universe of asset classes. Currently, we are providing provident fund services for newly-set up, small and medium sized provident funds to join into “abrdn Master Pooled Registered Provident Fund”, where employees will be entitled to Employee’s Choice allowing them to select investment policy depending on different investment objectives under 5 investment policies as follows.
| abrdn sub fund | Risk level | Investment policy | Summary of the essence of the fund |
|---|---|---|---|
| abrdn Money Market Fund for Provident Fund | Medium-Low - 2 | Invests in deposits and fixed income instruments issued by government sector that mature at call or within 397 days from the investment date. | Factsheet |
| abrdn Fixed Income Fund for Provident Fund | Medium-Low - 4 | Invest in bank deposits and fixed income instruments issued by government sector and/or corporate bonds with credit rating of investment grade. | Factsheet |
| abrdn Growth Fund | High - 6 | Invest in equity of potential high growth or good fundamental companies for medium to long-term investment. | Factsheet |
| abrdn Asia Pacific Equity Fund | High - 6 | Invest in a foreign fund Aberdeen Pacific Equity Fund (Master Fund), is a diversified portfolio of asian-pacific equities Japanese equities. | Factsheet |
Employees choices
Pre-set Choices
Members select from various plans with fixed asset allocation, as determined by the fund committee. (Pre-set Choices)
Free Choices
Members have discretion to determine their own asset allocation (Free Choices)
abrdn Master Pooled Registered Provident Fund
- feeding into established mutual funds with strong track record
- Convenience: employees can check outstanding balance and switch their investment plan easily via online system
- No double charging: no management fee at Provident fund level, fee is collected at Mutual fund level
- Experience: more than 10-years experience: in Provident Fund management
Single fund
Why abrdn
We are an asset management company and clients’ needs are our prime focus.
- Global system: including risk management system, operations and registrar systems as well as fully tested Business Continuity Plan
- Close-knit team, clear investment processes and flat structures are important to us
- We believe our focus, size and approach enable us to provide effective asset management and superior client service
- Superior client services along the process of setting, transferring, promoting, advising, reporting and other on-going services
- Global clients base, our key clients include leading national and corporate pension funds, central banks and other investment institutions