Fund Updates

Consultants who wish to review their consulting fee for 2025, 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 31 December 2024.

In tough financial times, cash flow challenges are a reality for many of the employers participating in a retirement fund. We have updated our process for terminating participation in the Fund and remind participating employers that we require 2 calendar months’ notice.

The Investment Committee recently concluded an in-depth review of both the Sanlam Blue Lifestage Strategy, as well as the SIM Balanced Fund. This communication details the changes that will be made during October 2024.

The lack of contact information for members and their dependants contributes to delays in the resolution of many death claims. Participating employers may significantly reduce this difficulty by urging members to provide and maintain current contact information at all times.

The two-pot retirement system has recently been put in place. In keeping with our mission to provide Sanlam Umbrella Fund members with information regarding their retirement benefits, we have put together a series of educational and enlightening programs.

Sanlam Umbrella Fund has introduced an administration fee to maintain transparency in its operations and to cover the necessary administrative expenses associated with Emergency Savings Pot withdrawals.