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
The long-awaited reforms, also known as T-Day will come into effect on 1 March 2021.
From 1 March 2021, retirement benefits from provident funds and provident preservation funds will be governed by the same rules as pension funds.
51% of retirees can’t make ends meet
Financial planner, James Vigne offers some tips to help retired parents.
T-Day – Retirement reform changes
Over the last few years,
government has been
reviewing and changing the laws
that control the retirement fund industry. These retirement reforms aim to ensure that you save enough for retirement and that your savings are protected.
Industry Updates
How will the retirement reforms affect you?
The long-awaited retirement reforms came into effect on 1 March 2021. The reforms, also known as T-Day, mean that retirement benefits under provident funds and provident preservation funds will be subject to compulsory annuitisation.
Retirement reforms a step in the right direction to improving retirement outcomes
Avishal Seeth, Head of Sanlam Umbrella Solutions, Reinier Van Gijsen, Head of Pricing, Sanlam Corporate: Group Risk and Michele Jennings, CEO of Sanlam Corporate: Group Risk, recently hosted a webinar discussing the legislative framework relating to vested rights of members over the age of 55 and the impact of COVID-19 on group insurance.
Sanlam 2020 Annual Results
In dealing with the Covid-19 pandemic Sanlam was guided by its purpose: Empowering Generations to be Financially Confident, Secure and Prosperous. The Group rolled out technology and support to ensure that clients could be provided with appropriate advice to deal with the financial impacts of the pandemic.
