Fund Updates
Sanlam Unity Umbrella Fund Moves to 100% Stable Bonus Fund Strategy
The Sanlam Unity Umbrella Fund investment strategy has been streamlined to invest 100% in the Sanlam Stable Bonus Fund. This follows the removal of market value adjustments on Savings Pot withdrawals from 1 April 2026, eliminating the need for the precautionary cash allocation introduced ahead of the Two Pot Retirement System.
Sanlam Umbrella Fund appoints Dr Nthabiseng Moleko as Sponsor-Appointed Trustee
The Sanlam Umbrella Fund has appointed development economist Dr Nthabiseng Moleko as Sponsor-Appointed Trustee, strengthening its governance and expertise. Her extensive experience in development finance, public policy and pension reform will support the Fund’s mission to deliver improved retirement outcomes for South Africans.
Two-pot system update: Reduced administration fee for Emergency Savings Pot withdrawals
The Sanlam Umbrella Fund has reduced its Emergency Savings Pot withdrawal administration fee from R330 to R300, plus VAT. The change enhances member value while maintaining efficient processing, ensuring more affordable access to savings when members need financial support most.
Notice of Endorsement to the Sanlam Umbrella Fund and Sanlam Unity Umbrella Fund Approved and Unapproved Group Risk Insurance Policies
The Sanlam Umbrella Fund and Sanlam Unity Umbrella Fund will implement updated Approved and Unapproved Risk Policies effective 1 August 2026, replacing earlier versions. Employers are encouraged to review the new policies and disclosure documents to understand key changes and ensure compliance with member communication required by Policyholder Protection Rules (Long-Term Insurance Act), 2017.
Challenges to Transformation in Retirement Funds: Structural Realities and Strategic Imperatives
South Africa’s retirement fund industry plays a critical role in advancing transformation, yet structural constraints, limited supplier pools and regulatory demands present challenges. Achieving meaningful progress requires balancing compliance with genuine economic inclusion, strategic supplier development and long-term, sustainable transformation initiatives.
Important Update: Termination of SPW Balanced Fund
Sanlam Corporate Investments will terminate the SPW Balanced Fund effective 1 August 2026 following sustained underperformance. Members with exposure to this investment portfolio may select an alternative by 30 July or they will be transitioned to the Sanlam Multi Asset Growth Fund, designed to deliver improved long-term growth and aligned risk outcomes.