Fund Updates

The Sanlam Umbrella Fund has approved a once‑off 2026 Contingency Reserve Account contribution holiday, thanks to strong reserves and prudent financial management. This rare industry move reflects robust governance and delivers direct value to members without affecting fees, benefits or long‑term fund stability.

Contracted Benefit Consultants who wish to review their consulting fee for 2026, and implement such a change as part of the annual revision process, must ensure that all signed documentation to this effect reaches the Fund no later than 30 April 2026.

The Sanlam–Ninety-One partnership enhances Sanlam’s investment capabilities while keeping all client relationships and mandates unchanged. Only portfolio names within the Sanlam Umbrella Fund have been updated, with no impact on fees, construction or risk profiles, ensuring continuity for employers, consultants and members.

Sanlam Corporate Investments has decided to terminate the Sanlam Progressive Smooth Bonus Portfolio. Following this the Sanlam Umbrella Fund will terminate and remove this portfolio from its investment choice and transfer all assets to the larger, more sustainable, Sanlam Stable Bonus Portfolio in April 2026. Members retain guarantees, face no penalties, and will receive a once off compensatory bonus.

We’ve accelerated claims processing! Retirement and withdrawal claims are now paid within 10 working days, thanks to automation under the Two-Pot Project. This milestone improves member outcomes and service efficiency. Note: 10 working days starts once all required information is received.

The Sanlam Umbrella Fund sets a bold benchmark for transformation in South Africa’s retirement industry, appointing Ms. Jolly Mokorosi as its first female Chair. SUF’s inclusive leadership and commitment to ethical governance reflect transformation by conviction, not obligation—leading change, not waiting for it.