Sanlam Umbrella Fund Consultant Toolkit
This monthly toolkit is a communication channel between the Sanlam Umbrella Fund trustees, the Fund’s Administrator and supporting intermediaries. It contains all Fund related information and updates that intermediaries will require.
Quick links
Fund updates
Important Update from The Investment Committee – Changes to SIM Cash Fund
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.
Updated conditions for Phased Retirees of the Sanlam Umbrella 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: Payment Confirmation to Beneficiaries
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.
Understanding Your Obligations Under Section 13A of the Pension Funds Act
As a participating employer in the Fund, it's crucial to stay informed about your legal obligations under Section 13A of the Pension Funds Act, which requires timely and accurate contributions to your employees' retirement funds. Non-compliance can lead to severe consequences, including criminal and civil legal action taken against you as required by the law.
Industry updates
Umbrella Fund Masterclass with Independent Trustee Jolly Mokorosi
In a recent Umbrella Fund Master Class on Asset TV South Africa, Jolly Mokorosi, Independent Trustee of the Sanlam Umbrella Fund, joins host Mosidi Modise and industry peers to explore emerging trends and themes surrounding two-pot withdrawals—and much more.
Sanlam Benchmark 2024: Accelerating a better working South Africa
On 11 July 2024, Sanlam revealed its findings from its much-anticipated Benchmark Research. Given that Two-pot and the NHI are top of mind, the research focuses on healthcare and wealthcare – two levers for accelerating a better working South Africa.
An Economic Overview and Update on the Two-Pot System
Watch this Sanlam Corporate webinar session to learn about inflation, interest rates, economic growth, and the Two-Pot System—hot themes that are relevant to both the industry and the nation.
POPIA in the context of retirement funds
Legal advisor at Sanlam, Lize de la Harpe, explains how the conditions and specific requirements set out in The Protection of Personal Information Act, 20213 (POPIA) applies to retirement funds in the latest Pensions World publication.
