Our clients and consultants should be aware from multiple prior communications, starting from July 2016, of the trustees’ plans to enhance Volatility Protection Strategy (VPS). We communicated that no changes would be implemented during 2016 to allow for thorough communication with all stakeholders including Joint Forums, participating employers, consultants and members. We also communicated that even when changes are made, these will be phased in by diverting contributions into VPS to the Satrix (SWIX) Balanced Tracker Fund until the desired long term mix between this portfolio and the Sanlam Monthly Bonus Fund is achieved. Read more…
