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
Update from the Investment Committee: Changes to Sanlam Blue Lifestage Strategy and SIM Balanced Fund
The Investment Committee recently concluded an in-depth review of both the Sanlam Blue Lifestage Strategy, as well as the SIM Balanced Fund. This communication details the changes that will be made during October 2024.
Participating employers to keep up-to-date contact details to assist the death claims process
The lack of contact information for members and their dependants contributes to delays in the resolution of many death claims. Participating employers may significantly reduce this difficulty by urging members to provide and maintain current contact information at all times.
Helpful member information for all things two-pot
The two-pot retirement system has recently been put in place. In keeping with our mission to provide Sanlam Umbrella Fund members with information regarding their retirement benefits, we have put together a series of educational and enlightening programs.
Two-pot system update: Administration Fee for Emergency Savings Pot withdrawal claims
Sanlam Umbrella Fund has introduced an administration fee to maintain transparency in its operations and to cover the necessary administrative expenses associated with Emergency Savings Pot withdrawals.
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.
