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
Sanlam Umbrella Fund Symposium 2024
Thank you to all who attended the Sanlam Umbrella Fund Symposium 2024. In case you may have missed it, the recording of the Symposium and the Annual Trustee report are now available for viewing.
Spouse’s Life Insurance request for information
Spouse’s life insurance (Spouse’s cover) is one of the benefits that a participating employer may offer to its employees as part of their fund benefits. To administer the Spouse’s cover scheme, it is critical to have the most updated information about employees’ spouses.
Sanlam Umbrella Fund conversion option process
If a participating employer has selected this benefit, the conversion option allows a member who retires or withdraws from the Fund to take out a similar individual policy (life insurance, lump sum disability or income disability) at their own cost, with the insurer with whom they were underwritten whilst a member of the Fund.
Changes to the treatment of housing loans and guarantees
The Pension Funds Act permits retirement funds to offer housing loans or guarantees to members under specific conditions. Following the implementation of the Two-Pot System, significant changes now apply to housing loans and guarantees.
Industry updates
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.
2024 National Budget keeps taxes steady, taps into gold reserves
The Budget Speech Summary provides insights on how the country’s current economic standing will affect you.
