The Private Pension Schemes Act 2012 stipulates that private pension schemes should be licensed and authorized and can be set up as a Trust or a Foundation. Swan Defined Contribution Pension Scheme (SDCPS) is a multi-employer pension scheme set up as a trust. Swan Life Ltd is the promoter. SDCPS is licensed by the Financial Services Commission to provide pension benefits to its members and beneficiaries.
SDCPS is open to sponsoring employers who do not want to set up their own standalone private pension scheme.