The startup of an occupational annuity plan means the specific period between signing and completing filing of the trustee contract and the formal investment operation of the fund under the EA plan.
Extensive areas of operation, extremely complicated processes and uncontrollable time spans can be involved until investment can formally be commenced ¨C but a smooth startup concerns the immediate interests of both, client and participating employees. Being able to make this path a smooth one, to integrate all comprehensive services that are necessary in order to complete the task successfully that one is confronted to, is through what a trusteesĄ¯ capabilities are represented. Capabilities for, if available, it will receive high attention and popularity among customers.
Taiping Pension finds that many enterprises on the market, after the trustee contract had been signed and completed, are delayed in entering the state of actually starting EA operation for such reasons as improper selection of the trustee. As the trustee of an annuity paln Taiping Pension guarantees to complete the startup of the plan in the shortest time in order to have a good beginning of the trustee services. We will closely integrate and coordinate each department within Taiping Pension and those of service providers we work together with by defining a standard startup plan process. This then will support to stick to the timetable within the promised time limit.
Our startup plan schedules to standardize work projects, departments responsible and calculated time for the startup process. Aim is to establish a standard process with the commitment to efficiency to assure the smooth and efficient development of each area of work that needs to be done in the planĄ¯s subsequent phase. In doing so we want to start setting new standards and enhance customer satisfaction.
Our startup plan schedules the following:
• Applicable to a standard occupational annuity plan (the trustee has commenced the operational process together with other management institutions)
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