Fund Updates

As a participating employer in the Fund, it's crucial to stay informed about your legal obligations under Section 13A of the Pension Funds Act, which requires timely and accurate contributions to your employees' retirement funds. Non-compliance can lead to severe consequences, including criminal and civil legal action taken against you as required by the law.

As part of our digital strategy, we have simplified access to your annual Rate Revision Statement, through the Sanlam Corporate Portal (SC Portal). If you haven’t yet registered to use the SC Portal, follow these easy steps to register or reset your password, ensuring seamless access to your account.

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 (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.

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.

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.