Bonus plan
Pay part or all of your employees' variable remuneration into group insurance: enjoy tax benefits and a compelling return on investment.
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The innovative pension solution that automatically adjusts the investment strategy based on the age of your staff members.
Lifecycle
An innovative and dynamic concept
Wide range of Branch 23 funds
Less risk, more risk? There's something for everyone. The choice is yours!
Custom-designed plan
Determine the number of age brackets in the Lifecycle plan according to your corporate culture, and select the desired Branch 23 funds and the underlying asset mix.
Supplementary covers
Finance different kinds of risk covers: death-in-service, occupational incapacity and/or waiver of premiums
Possible as a cafeteria plan option
Incorporate Lifecycle in a cafeteria plan (with a menu of risk covers to choose from)
All benefits in one handy app
With MyAG Employee Benefits, your staff members can access their benefits anytime and anywhere, via their computer or app. Plus they can also make use of services to boost their mental resilience (only via the app).
On this page:
Lifecycle in a nutshell
With a Lifecycle plan, you can automatically adjust the Branch 23 investment strategy based on the age of your staff members.
With this approach, for example, you can invest the premiums in riskier, higher growth Branch 23 funds at the beginning of the staff member's career. In this case, you invest a bigger percentage of the premium in riskier asset classes (equities, for example) to maximise the potential of earning a higher return. Any losses along the way are likely to be recouped because of the long-term investment horizon. This is the accumulation phase.
As your employees get closer to retirement age, the investment portfolio gradually becomes more defensive by switching to a higher proportion of less risky asset classes such as bonds or cash.
With this approach, for example, you can invest the premiums in riskier, higher growth Branch 23 funds at the beginning of the staff member's career. In this case, you invest a bigger percentage of the premium in riskier asset classes (equities, for example) to maximise the potential of earning a higher return. Any losses along the way are likely to be recouped because of the long-term investment horizon. This is the accumulation phase.
As your employees get closer to retirement age, the investment portfolio gradually becomes more defensive by switching to a higher proportion of less risky asset classes such as bonds or cash.
You design a Lifecycle plan for your staff members.
Important role for the employer
It's up to you to choose the employment categories you wish to reward with group insurance as well as the budget, which can be expressed as a percentage of the salary or a fixed euro amount. This way, you'll know the exact cost of the plan upfront.
Then, based on your company's situation and specifically for the Lifecycle concept, you select:
- the number of applicable age brackets
- for each age bracket: the desired fund(s) and asset allocation mix for the premiums and accrued reserves.
The switch to the next age bracket will happen automatically. No further action will be required of you or your staff members.
Example: let's say you choose a Lifecycle plan with 7 age brackets and 2 Branch 23 world funds, Rainbow Red (100% equities) and Rainbow Blue (100% bonds). For each age bracket, you decide on the maximum exposure to a given asset class (for example, 90% equities (Rainbow Red) and 10% bonds (Rainbow Blue) for the youngest age category, an 80/20% split for the next age category, and so on). The higher the age category, the more defensive the portfolio becomes by switching to a higher proportion of bonds. This system preserves the value of the accrued reserves as your staff members get closer to retirement. For the last age bracket, you select Rainbow Absolute Return Flexible, a Branch 23 fund that aims to achieve positive returns in all market conditions.
Risk covers and inclusion in a cafeteria plan
Risk covers
It's up to you to determine the supplementary covers to include in your menu of options:
- death-in-service
- accidental death
- occupational incapacity
- waiver of premiums
Each cover can be financed out of the overall budget or from additional resources. Once again, the choice is yours.
Keep in mind, however, that the Lifecycle concept only applies to premiums that build up a supplementary pension nest egg, not to additional risk covers.
Incorporating a Cash Balance plan in a cafeteria plan gives your employees the freedom to make their own choices.
Inclusion in a cafeteria plan
When selecting the risk covers, you indicate whether you want to give your staff members individual options. These options will always be offered within the limits you set: you select the covers that will have individual options and you also determine what these options are.
If you give your staff members individual options, they can use MyAG Employee Benefits to run simulations and make changes online, 24/7. They will be processed automatically. If your staff members don't wish to use these options, they will get the standard package of AG Employee Benefits & Health Care benefits by default.
AG Employee Benefits & Health Care has capitalised on the digital revolution to provide you with additional value.
A unique plus point: digital support
AG Employee Benefits has capitalised on the digital revolution to provide you with additional value. For the benefit of you and your staff members, we’ve developed a unique digital platform that offers a multitude of possibilities, all designed to streamline the data transfer process, and in a user-friendly environment.
AG EB Online
Enrolling new staff members, managing current plan participants, exchanging other data... less administrative hassle, more convenience for your data transfer needs. With this user-friendly online tool, you're in complete control.
MyAG Employee Benefits
It's a secure, user-friendly app and platform for plan participants to find out everything they want to know about their corporate-sponsored group insurance. In the app, your employees can access their covers, anytime and anywhere. All of the features in MyAG Employee Benefits are also available via your computer, but the services are only accessible via the MyAG Employee Benefits app.
- Handy features
In just a few keystrokes, your plan participants can check the size of their supplementary pension as well as their death benefit coverage. And that’s not all – we’ve also incorporated their healthcare insurance. - Services to help your staff members take care of their health (only on the app)
With the MyAG Employee Benefits app, they'll be entitled to a number of additional services to boost their mental resilience.
Easy access to a wide range of front-line care and support to help you stay mentally and physically healthy with My Mind by AG.
Information on sustainability
Depending on the selected funds, the plan incorporates ESG factors that allow it to make a positive impact on the environment and/or society and to limit negative impacts on the environment and/or society, through an appropriate selection of investments. Information on these ESG factors is available here (FR - NL). To find out more about AG's approach to sustainable and responsible investing, go to ag.be/investing/sustainability.
You will also find more information in the Sustainability Fact Sheet (FR - NL) for each of the available funds in this product as well as the corresponding annual report (FR - NL).
For customers looking to double down on their commitment to ESG, AG now offers Branch 23 (FR - NL) products that take an even more advanced approach.
Want to find out more? Ask your questions about our Lifecycle Plan or request a non-binding offer via the contact button. You can also check the AG EB Invest Dashboard for a clear and detailed overview of each of our funds.