





Overview
Our Vision:
To create a community of happy pensioners celebrating life.
Our Mission:
We help our members prepare early for a rewarding retirement by providing sustainable, long-term benefits in a cost-effective manner.
Who are we?
Super Fund was set up in November 1999 under the Employees Superannuation Fund Act and the Income Tax Act. The Fund is now licensed by the Financial Services Commission under the Private Pension Schemes Act 2012.
Super Fund provides retirement, withdrawal, death and disability benefits to its members. It is an umbrella pension fund open to employees of enterprises which are members of Business Mauritius. It is targeted at enterprises wanting to pool together their contributions into a common fund, in order to benefit from better investment opportunities and economies of scale. Super Fund also acts as a promoter by encouraging employers to fulfil their social responsibility in order to enhance employees’ welfare. As it is a not-for-profit organisation, any surplus is reinvested back into members’ accounts and directly enhances the value of their fund.
Super Fund is of the “Defined Contribution (DC)” type pension scheme, which implies that the employer’s contribution is calculated as a percentage of salaries of its own choosing and known at the outset. Employees willing to top up are free to do so by making personal contributions to the Fund. In fact, they can contribute any percentage of their salaries.
Transparency and Professionalism
Super Fund is managed by a Management Committee who is responsible for the strategy and policy-making of the Fund. It is comprised of representatives of both employers and employees elected at the annual general meeting. This ensures that both interested parties play an active role in decision-making for the running of the fund. The Management Committee is totally independent and its sole objective is to act in the best interest of its members.
Unlike under an insured arrangement, whereby all the functions pertaining to a pension scheme such as administration, investment, actuarial services and risk benefits provision, are performed by the insurance company, these services have been unbundled and entrusted to professionals. All our service providers are leaders in their own fields and have the appropriate expertise and experience. They all report and are accountable to the Management Committee, which meets on a quarterly basis.
Management Committee Members

Chairperson
Chief Executive Officer – REINSURANCE SOLUTIONS LTD

Vice Chairperson
Director – FGY SERVICES LTD

Secretary
BUSINESS MAURITIUS

Member
General Manager – DPD LASER

Member
Head of Local Support Operations – ORANGE BUSINESS SERVICES

Member
Head of Information Systems Department – GENERAL CONSTRUCTION CO.LTD
Administrators
The administration of the Fund has been entrusted to Swan Pensions Ltd which is a fully owned subsidiary of Swan Group.
Swan Pensions Ltd specialises in the provision of a comprehensive range of services for self-administered pension funds. These comprise employee benefits consulting, the setting up of pension funds including drafting up of the rules and on-going administration.
Swan Pensions Ltd currently manage 19 schemes for over 170 companies (in excess of 15,000 members) including 3 of the top 5 local conglomerates. The Group, through Anglo-Mauritius Assurance Society and Swan Pensions Ltd currently provides pension administration services for around 600 pension schemes with membership totalling around 35,000.
Swan Pensions Ltd was the first company to be licensed and regulated by the Financial Services Commission as a “Pension Administrator”.
Fund Manager
The investment management of the fund has been assigned to the fund manager, AfrAsia Capital Management Ltd, which specialises in asset and wealth management. In 2018, the committee appointed Swan Wealth Managers Ltd as a second fund managers with the objective of enhancing the returns and managing its risks.
The investment objective as set by the Management Committee with the actuary – Aon Hewitt – is; long term growth with moderate risk.
AfrAsia Capital Management Ltd is the investment arm of AfrAsia Private Bank which was awarded ‘Best Private Bank in Mauritius’ by Euromoney in 2011.
Swan Wealth Managers Ltd is a leading provider of fund management, investment and financial services and managing in excess of MUR 38 billion of assets with 400 International Houses.
Actuary and Investment Consultant
The actuary and investment consultancy has been entrusted to Aon Hewitt Ltd, which provides actuarial and investment consultancy services to more than 200 clients in Mauritius and other countries with total scheme assets in excess of MUR100billion. Aon Hewitt has 16 associates in Mauritius and is the leading provider of HR and employee benefit consulting and outsourcing services.
Custodian
The custodian of the fund is the Mauritius Commercial Bank Ltd which is the leading bank in Mauritius and a key financial services institution in sub-Saharan Africa.
Auditors
Super Fund is audited by The Firm BDO
BDO has been selected after a tender exercise in 2018