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.
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Fund Updates
Update: Universal Education Protector
In the December Toolkit we touched on the revamp of the Sanlam Group Risk Universal Education Protector (UEP) product for new and existing policyholders applicable from 1 January 2022. The improved UEP benefits will apply to new as well as existing UEP claimants, for the education costs of eligible children incurred on or after 1 January 2022.
Imali Zam Member Education initiative
The Sanlam Umbrella Fund launched the online Member Education Sessions called “Imali Zam” (My Money) sessions in 2021, aimed at enabling members to better understand their savings and benefits. The next Imali Zam session is scheduled for 17 May 2022 and will focus on understanding the benefit statement.
Sanlam Umbrella Fund Benefit Counselling Services
The Sanlam Umbrella Fund has extended benefit counselling services to beneficiaries of members who have passed away in respect of unapproved Life Insurance, as well as members receiving payments in respect of Lump Sum Disability Insurance or Critical illness Insurance. This is to ensure that both the members and beneficiaries have access to relevant information and receive financial advice to help manage their benefits.
Industry Updates
Technology, market forces and innovation will improve member retirement outcomes
Umbrella funds are the single most effective vehicle for reforming the South African retirement fund industry. The opportunities that rest in their economies of scale - their ability to reach thousands of employers and hundreds of thousands of employees - will be the most efficient way to improve the retirement outcomes for South Africans. This is the view of David Gluckman, Chairperson of the Sanlam Umbrella Fund.
2022 Budget Speech Commentary
Read more on how the 2022 Budget Speech affects you.
Retirement Benefits Consulting Masterclass
A panel of experts discuss the benefits of consulting via digital engagement and its advantages.
