Fund Updates
Decrease in Contingency Reserve Account levies
We hereby update our clients with important information regarding the contingency reserve account levies for the Sanlam Umbrella Pension and Provident Funds.
Adjudicator: Compensation orders for unlawful withholding of the benefit.
Two recent adjudicator cases highlights the need for consultants to ensure their clients do not default in this regard.
Consulting fees and annual revision process
Consultant fees are not automatically reviewed as part of the annual revision process.
Investment update – closure of the Sanlam Allan Gray Domestic Balanced Portfolio
The Sanlam Allan Gray Domestic Balanced Portfolio was closed to new investors as far back as 2009, and consequently very few Sanlam Umbrella Fund clients are invested in this portfolio.
Default Regulations
Read about the default regulations and the processes Sanlam has already implemented.
IRFA Awards
The Board of Trustees of the Sanlam Umbrella Fund is proud to announce that the Institute of Retirement Funds Africa (IRFA) has recognised the Fund's achievements.