Employee benefits
RBC cees
We stand out
A strong and stable reputation
RBC Corporate Employee &
Executive Services - RBC cees
One of the world’s leading providers of corporate trustee and
administration services for employee benefit plans, distinguished
by a long heritage of industry expertise, integrity and unwavering
dedication to our clients.
Who we are
RBC cees is a leading global
specialist in employee benefit plan
administration.
We deliver high quality plan
management and employee trust
solutions for share and stock plans,
international and executive pension
plans, deferred compensation
plans and employee benefit trusts.
Every solution is supported by a
full range of international wealth
management services provided
by RBC®.
We have been providing
specialised corporate trustee and
administration services since
1996, initially as part of the Abacus
Financial Services Group, which
became a wholly owned subsidiary
of RBC in 2005. We currently have
more than 200 people in the team,
in locations across the world.
Combining the strength and
stability of RBC with extensive
experience in our industry, we
are ideally placed to help your
organisation with its employee
benefit plan needs.
A global leader with solid
foundations
Canada has been recognised as
having one of the world’s safest
banking systems, and RBC is one of
the 15 largest banks in the world, as
measured by market capitalisation.
RBC has one of the highest credit
ratings of any financial institution,
with a high quality balance sheet,
proactive risk management strategy
and a strong liquidity position. RBC
is equally proud to be listed among
the world’s top 100 sustainable
companies, and have been ranked
number 1 in the Global 100
Greenest Companies.
RBC cees is part of RBC Wealth
Management, itself a division
of Canada’s largest bank, RBC.
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Credibility. Knowledge. Professionalism.
We pride ourselves on the calibre of
our people, and the quality of the
services we deliver.
The team is drawn from a wide
range of professional backgrounds,
including legal, accountancy,
chartered secretarial, trust and
estate practitioners, compensation
and benefits consultancy and
corporate human resources.
It includes highly experienced
administrators, project managers
and technology professionals.
Senior members have, on average,
been with us for over 12 years.
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Innovative, recognised and robust
What really matters
We operate a continuous
improvement program, and we
were the first corporate business
of our kind in Europe to achieve
ISO 9001:2000, the international
quality standard for global quality
assurance.
From internal practices and
procedures to client service, our
first priority is to service our clients’
needs.
We know that efficient corporate
outsourcing depends on workflow
solutions, automation and
system integration. We are always
enhancing our technology, for
maximum efficiency, and have
been awarded the best practice
technology standard, TickIT ISO
9000-3.
Your personally allocated
relationship team will provide
a consistent, dedicated link to
the specialists both within RBC
cees and elsewhere within the
RBC global network. Our plan
management solutions adapt and
develop as your objectives and
requirements evolve, and we work
with you and your chosen advisers
to make sure we address any
relevant legislative, regulatory and
market practice considerations.
Professional service
We work in close partnership with
clients and their technical advisers,
to develop practical solutions
for operating employee trusts,
administering benefit plans, and
creating value. Our experience and
expertise means we can proactively
highlight topical technical issues
that may impact on the operation of
your plan.
All this adds up to a very special
client experience, underpinned by
the reassurance of an established,
reputable organisation.
Client first
Today, RBC cees manages over 600
plans for more than 450 corporate
client groups around the world.
We are adept at dealing with all plan
sizes, from a pension for a single
senior executive, to share plans
with in excess of 50,000 participants
spread across 100 countries.
Much of our business is won
directly from companies through
our reputation in the market
place. We have also built trusted
relationships with accountants,
lawyers, HR and employee benefits
consultancies, all of whom have
confidence in recommending us to
their clients.
From small, privately-owned
companies to global corporations
listed on the world’s major
exchanges and covering most
industry sectors, our clients
demand a broad range of solutions.
But in every case, our goal is the
same: to exceed expectations at
every step.
3
Experienced. Dedicated. Specialist.
A different approach
You can also rely on a flexible
service. We begin by working closely
with you to define your needs, and
then adapt our processes to best
support you wherever possible,
without compromising our systems
and processes.
RBC’s integrated business model
includes administration, investment
and treasury services and wealth
planning. This flexible business
model means you can pick and
choose from RBC’s service lines,
enabling us to provide the most
appropriate service and the best
value. We put clients at the centre
of our team, ensuring they are
serviced to the highest quality.
Currently, we offer:
- Access to RBC cees Online
for corporate users and plan
participants.
- Online reporting.
- Straight-through processing
and execution to dealer.
- Secure data collection.
Committed to technology
RBC cees Online
We are committed to ongoing
investment in technology, and
release regular enhancements
to our systems. We also ask for
feedback from our clients about
any enhancements they would
find beneficial.
We have developed procedures,
processes and controls to ensure the
most efficient, effective operation of
the trusts and plans we administer.
We would be delighted to show
you RBC cees Online in action.
Please get in touch to arrange a
demonstration, or visit our website,
www.rbccees.com.
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First class delivery
Broad product range
Wherever you or your people are in the world, your RBC cees dedicated
relationship team can provide seamless access to a complete range of services
for you and your employees. With specialist plan administration and employee
benefit trust services expertise, we support the following product lines:
-
eferred compensation structures.
D
Employee stock and share plans.
International and executive pension plans.
Participant relationship management services.
Each of these is explored in more detail in subsequent pages.
5
Deferred compensation
structures
Deferred compensation structures are a key
component of many employee and executive
compensation packages, particularly in the financial
services sector. Often serviced through an employee
benefit trust, they typically hold a combination of
equity, funds and cash investments.
We manage a diverse range of single and multijurisdiction deferred compensation plans, linked
to the needs of our clients’ businesses and plan
beneficiaries. These include deferred bonus
arrangements, co-investment plans and employee
benefit trusts with subfunds.
Benefits
- A
ttract, reward and retain key employees.
- I mprove employee commitment, motivation
and productivity.
- A
ssets held in secure trust or company outside
of parent company control.
- I nvestment flexibility.
- Tax deferral and planning.
How we can help
- T rustee services and directors of offshore
companies.
- A
dministration and record keeping (either as
a stand alone service or in conjunction with
trust services).
- R
ange of agreed standard and ‘open
architecture’ investment solutions.
- N
ominee for hedging and facilitating claw
back mechanisms.
- O
nline services.
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Employee stock and share plans
In mature markets, stock and share plans are a core
element in employee and executive compensation
packages, helping you attract, recruit and retain key
personnel. They are also increasingly typical in some
less mature markets, as companies develop their
business and remuneration strategies, and seek to
recruit in the international talent pool.
We manage a diverse range of stock and share-related
plans, including options, stock purchase, restricted
and performance shares, joint ownership plans and
stock appreciation rights. Whether you are a private or
a listed company, a multi-national or based in a single
jurisdiction, we can help you set up and administer your
plan. We can also establish an employee benefit trust, if
applicable, for facilitating the purchase and holding of
shares outside the company.
Global expertise
You may need a solution to meet specific regulatory
requirements (such as a UK HMRC-approved share
plan), a standard, flexible plan to operate in a number
of jurisdictions (such as a stock purchase plan) or a plan
tailored precisely to address your corporate objectives.
Whatever you need, your dedicated relationship team
can provide a complete range of plan management
services to support you in any part of the world.
Benefits
- A
ttract, reward and retain key employees.
- M
otivate employees by linking awards to company
performance.
- A
lign employee and shareholder goals.
- I mprove employee productivity.
- E
nable the company to compete for recruitment in
the international employment market.
- M
eet local regulatory requirements applicable to
some sectors.
How we can help
- T rustee for both onshore (UK) and offshore trusts,
and directors of offshore companies (either as a
standalone or in conjunction with administration
services).
- Administration and record keeping (either as a
standalone service or in conjunction with trust
services).
- Banking and treasury services.*
- Employee nominee facility.
- Warehouse for unlisted shares.
- Brokerage, custody and banking.*
- Online services.
* these services are provided by RBC subsidiaries other than RBC cees
7
International and executive pension plans
Globalisation has increased the number of
internationally mobile executives. Trying to provide
host country pensions quickly becomes fragmented and
unmanageable – and may not be permissible under some
legislative frameworks. International pension plans (IPPs)
provide an ideal pension structure for senior executives
of international companies, internationally mobile
employees, and senior management working outside
their countries of origin.
We act to trustee for, and administer, a diverse range
of IPPs for organisations based in different parts of the
world. Typically, these are defined contribution pension
plans, where the pension entitlement is determined
by the total contributions made and the investment
return on those contributions over the life of the plan.
Using an open architecture approach and based upon
advice received from investment professionals within
the RBC network, we can provide a suggested range of
investments for the plan. Alternatively, we can work
with you to tailor a bespoke range.
As well as IPPs, we also administer and act as trustee on
other specific executive pension arrangements such as:
- R
BC cees international savings plans.
- S
ection 615 plans.
- U
nfunded retirement structures.
- Q
ROPS (Qualifying Recognised Overseas Pension
Schemes).
Benefits
- Attract, reward and retain key employees.
- Pension provision for key employees in lieu of any
alternative corporate arrangements.
- A cost effective alternative to multiple countryspecific solutions.
- Competitive benefit packages in the expatriate market.
- Assets held in secure trust or company outside of
parent company control.
- Investment flexibility.
- Member loans (subject to plan rules).
- Consolidation of UK pensions and/or post ‘A’ Day
offshore pensions.
- Potential for tax planning opportunities.
How we can help
- S
uite of pension products to support each individual’s
circumstances (Please ask for our brochures).
- Pension trustee services.
- Pension administration services.
- RBC cees master trust pension plans.
- Range of agreed standard and ‘tailored’ investment
solutions.
- Online services.
Participant services
We provide comprehensive support for participants
in our employee benefits plans.
and, if appropriate, will arrange for the investment to
be made.
Our relationship teams can answer questions on issues
ranging from lost passwords to the details of a complex,
bespoke investment deal, referring participants to
suitably qualified advisors for complex, tailored advice.
We also have specialist teams to provide support on
plan distributions and pension payments.
Benefits
Although we agree an approved range of investment
options with each client, many of the plans we manage
also the flexibility to consider investments outside of
the approved range.
Subject to the consent of the corporate client, we will
review any such investment request made to the trustee
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- Direct access to professionals – not a call centre.
- Personal service.
- Access to independent investment advice via authorised
companies within the RBC global network.
- Specific email address and contact person for each client.
How we can help
- C
ommunication services, including statements,
award documentation and joining documentation.
- Regular reporting.
- Online services.
- Employee presentations and webcasts.
Flexible solutions - one standard
A wealth of expertise
RBC Wealth Management provides
a comprehensive range of wealth
planning services, tailored to your
changing needs and circumstances
both as a participant and in respect
of your personal wealth.
The international arm of RBC
Wealth Management services over
35,000 high net worth individuals
and institutions through our offices
in the British Isles, Continental
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Europe, Asia, the Middle East, the
Caribbean, Latin America and
North America.
RBC Wealth Management provides
integrated and diversified
international wealth management
expertise and solutions, asset
management and trust services to
high net worth individuals and to
corporate and institutional clients.
You will have access to an
exceptional level of service
and expertise from RBC Wealth
Management consultants, advisors,
private bankers and trust officers.
Wealth management solutions
are continually adapted to take
account of economic and regulatory
developments, as well as your
individual requirements.
One step further
How RBC Wealth Management
can help
-
B
anking and treasury solutions.
I nvestment portfolio services.
C
redit and lending facilities.
Tax consultancy and planning.
- Retirement, trust and estate
planning.
- Structured solutions.
- Custody.
- Fund administration services.
- Services from RBC partners,
including RBC Capital Markets.
For more information, please visit
www.rbcwminternational.com.
Clients should always remember that the value of investments may fall as well as rise.
You may not get back the full amount that you originally invested.
11
Responsible. Ethical. Green.
RBC has long believed in
the importance of corporate
responsibility.
Our first formal employee Code
of Conduct, developed in 1980 to
embed our approach throughout
RBC, read: ‘It is our duty as a
corporate citizen to add value to
society while earning a profit for our
shareholders. RBC companies take
responsibility for the effects of their
actions, both social and economic.’
Today, this remains one of our
Code’s eight ‘guiding principles’,
and we have continued to evolve
our approach over the years.
In 2007, we developed the RBC
Blueprint for Doing Better™, a
strategy and framework that covers
two particular areas of focus –
diversity and environment – as well
as a set of priorities that address
the increasing expectations of our
various stakeholders.
These priorities are:
Economic impact
- Provide strong returns to
shareholders.
- Pay fair share of taxes.
- Create employment.
- Support small business
and community economic
development.
- Foster innovation and
entrepreneurship.
- Purchase goods and services
responsibly.
Marketplace
Community
- Develop
and provide products
responsibly.
- Provide
access to basic banking
services.
- Protect
and educate consumers.
- Provide donations with a lasting
social impact.
- Sponsor key community
initiatives.
- Encourage employees to
contribute.
Environment
- Reduce
intensity of operational
footprint.
- Promote
environmentally
responsible business activities.
- Offer
environmental products and
services.
Workplace
- Respect diversity.
- Foster a culture of employee
engagement.
- Provide competitive
compensation and total rewards.
- Provide opportunities for training
and development.
Visit www.rbc.com/responsibility
for more information on specific
projects and policies.
We would be delighted to talk to you in detail about how we could help
you meet your specific needs. To find out more about our corporate
employee and executive services, or any other information not listed in
this brochure, please feel free to contact us at any time:
> Call +44 (0) 8000 566 550
> Email [email protected]
> Or visit www.rbccees.com
This brochure is issued jointly by RBC cees Limited (“the Jersey Company”) and RBC cees Guernsey Limited (“the Guernsey Company”) (“collectively the
CI Companies”). RBC Corporate Employee & Executive Services (“RBC cees”) comprises a number of companies which are all subsidiaries of RBC. The Jersey
Company is regulated by the Jersey Financial Services Commission in the conduct of trust company business in Jersey and the Guernsey Company is regulated
by the Guernsey Financial Services Commission in the conduct of fiduciary business in Guernsey. RBC cees’ terms and conditions are updated from time to time
and can be found at www.rbccees.com/cees-legal.html. Registered office of the Jersey Company is 19 - 21 Broad Street, St Helier, Jersey, Channel Islands,
JE1 3PB, registered company number 65008. Registered office of the Guernsey Company is Canada Court, Upland Road, St Peter Port, Guernsey, Channel
Islands, GY1 3BQ, registered company number 34375. This brochure does not constitute an invitation to apply for any product or service in any jurisdiction
to any person to whom it is unlawful to make such a solicitation in such jurisdiction. Certain of the products and services described in this brochure (namely
Banking and Treasury Services, Wealth Management Services, Brokerage, Custody and Investment Advice) are provided by a variety of RBC subsidiaries, other
than the CI Companies, operating in a number of different jurisdictions. You should carefully read any risk warnings or regulatory disclosures in any literature
that you receive from RBC, its subsidiaries or affiliates. Please note that (i) applicable regulatory regime, including any investor protection or depositor
compensation arrangements may well be different from that of your home jurisdiction; and (ii) if you call the contact number listed in this brochure, you will
speak to an employee from one of RBC cees global office and calls may be recorded.
®
Registered trademark of Royal Bank of Canada. ™Trademark of Royal Bank of Canada. Used under licence.
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