Our team is hard at work preparing for the Sanlam Umbrella Fund’s annual revision process due at 1 March 2014. Further details of the scheduled timelines for the communication will be published in the December 2013 Consultant Toolkit Update. We remind consultants that in the Sanlam Umbrella Fund we operate a monthly pay-for-service consultancy fee model. As part of this model, it is recognised that participating employers may negotiate a tailored consultancy service with their advisors. As a result of this, consulting fees are not subject to an automatic review as part of the annual revision process. Consulting fees can be reviewed at any time by negotiation and agreement between the Contracted Benefit Consultant/Contracted Financial Adviser and the participating employer. A change in consulting fees is implemented by way of the Fund’s formal amendment process. Should you however wish to review any consulting fee for 2014, and implement such a change as part of the annual revision process, all signed documentation to this effect must reach us by not later than 31 December 2013. You may start the process by completing the attached amendment document and forward to us without delay. Read the document
