HSOPS vs Databank Group

The main objective of the Scheme is to provide employees with a means of income replacement on retirement and also guarantee their dependents income support in the event of death while in service. The Scheme is a defined contribution (DC) pension scheme, that is, a pension scheme in which the retirement benefit paid to each member depends on the amount of total contributions and the investment returns earned on those contributions.

The Databank app gives you a simple, secure way to access a wide range of investment solutions from one platform. Whether you’re starting your financial journey or building your portfolio, the app puts the tools you need right at your fingertips. With the Databank app, you can: • Open Mutual Fund and Brokerage accounts seamlessly from your phone. • Explore and access Mutual Funds, Equities, Fixed Income Securities, and more. • Buy and manage shares through OmniTrader. • Track your portfolio and monitor your financial progress. • Use smart planning tools like the Growth Time Machine and calculators to plan for your goals. • Set up Direct Debit and automate your contributions. • Generate statements and access key account information anytime. • Add and manage multiple Databank accounts from one profile. Experience a better way to invest today!