In the latest issue of the Sanlam Umbrella Fund Joint Forum update, we provide valuable feedback to consultants and members of the Joint Forum.
National Treasury has instructed the FSB to reduce the more than 1 650 active retirement funds to less than 200.
Members of provident funds can take their pension in a lump sum for now, though government and business would like to see pension and provident funds rules aligned so that everyone would have to buy a regular annuity.
The FSB now requires that all retirement funds obtain and maintain the personal contact details of each and every member of the Fund.
We release the March 2018 version of The Fund in Detail for the attention of consultants and participating employers.
The March 2018 version of the Sanlam Unity Umbrella Fund Product Guide is available.