The Sanlam Umbrella Fund offers a range of risk-profiled investment options ranging from passive, smoothed bonus, multi-managed and single manager balanced funds. After consulting with the Fund’s appointed Investment Consultants and investigating various alternative solutions, a decision has been made to replace the SIM Cash Fund with the SIM Enhanced Cash Fund.

The Sanlam Umbrella Fund allows members, upon leaving their employer, the option to remain invested in the Fund via one of the Individual Membership Options. With effect from 1 April 2025, Phased Retirees will be subject to new conditions under the Individual Membership Options.

Policyholder Protection Rule 11 imposes an obligation on the insurer to disclose any material information with regards to their group risk policy directly to members, and in the case of claims, the beneficiaries of the benefit.