DESTINY UMBRELLA RETIREMENT FUND
(FSCA REGISTRATION NUMBER 12/8/36710)
As per regulations, the Destiny Umbrella Retirement Fund allows members who resign or retire to withdraw all of their accumulated retirement funds in one lump sum or to transfer all or a portion thereof to another retirement vehicle or annuity.
Destiny provides a number of investment portfolios including the Conservative and Moderate Portfolios which have long track records of top tier positions in their respective classes over most reporting periods. Members have the option (subject to their Participating Employer’s Rules) of nominating any of the Portfolios or a combination thereof. Additionally, the Destiny LifeStage model is used by a number of participating employers.
The Trustees, with the support of GIB’s Investment Committee, selects asset managers, divides by asset class and monitors performance on an ongoing basis.