Industry Updates

Avishal Seeth, Head of Sanlam Umbrella Solutions, Reinier Van Gijsen, Head of Pricing, Sanlam Corporate: Group Risk and Michele Jennings, CEO of Sanlam Corporate: Group Risk, recently hosted a webinar discussing the legislative framework relating to vested rights of members over the age of 55 and the impact of COVID-19 on group insurance.

In dealing with the Covid-19 pandemic Sanlam was guided by its purpose: Empowering Generations to be Financially Confident, Secure and Prosperous. The Group rolled out technology and support to ensure that clients could be provided with appropriate advice to deal with the financial impacts of the pandemic.

The Effective Annual Cost (EAC) disclosure is a standardised disclosure methodology for retirement savings that came into effect from 31 March 2021.

The fund and all its stakeholders such as employers, contracted benefit consultants and insurers will have to comply with the new requirements of POPIA from 30 June 2021. In the course of the next few months we will communicate with you the adjustments and tweaks we will make to our contracts, forms, processes and procedures.

The 2021 National Budget comes as South Africa prepares for the biggest vaccination programme in its history. The Budget Speech Summary provides insights on how it will affect you.

Valuable guidelines from Khead of Annuities at Sanlam Corporate, Karen Wentzel.