This is a scheme that has been set up by Pioneer Assurance for Participation by employers who do not have or have not opted to set up an occupation scheme.
- Registration and Compliance needs is met by Pioneer Assurance
- Trustees charged with the responsibility of managing the affairs of the scheme are appointed by Pioneer Assurance.
- The Participating Employers sign deed of adherence to the existing trust deed and rules.
- The Employer through the deed of adherence chooses the scheme design and type.
- The employers under the umbrella scheme retain respective identities.