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Fund Updates

The 2017 AGM Symposium

The 2017 Sanlam Umbrella Fund AGM sessions (now known as the “Symposium”), were held in Cape Town and Johannesburg recently and were well received by attendees.

2017 Trustee Report

The Trustee Report for 2017 was released by the Board of Trustees. The report provides all Fund stakeholders with a view of tools and strategies embedded by the Fund in the last decade, as well as a glimpse into the future of the Retirement Fund Industry.

Tax numbers required for Section 14 transfers

With effect 1 March 2017, all retirement funds will be required to apply for a tax directive in respect of members transferring to the fund by means of a Section 14.

Investment update

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.