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Glacier is committed to responsibly reduce fees in the pre-retirement environment over time. After the reduced platform fees in 2012 and in line with this commitment, it was agreed with the Sanlam Umbrella Fund trustees to further reduce the administration fees in 2013. The reduced fees, which are set out in the table below, will come into effect on 1 April 2013 and will apply to all members of the fund.    

New class of funds added to the investment range available to members

In line with Glacier’s commitment to lower pre-retirement investment fees for members, Glacier has negotiated reduced fee classes on a broad range of CIS funds. These funds will be available to all members. The funds will be available from 1 April 2013 for all new business. Members currently invested in the equivalent Fusion or retail versions of these funds will not be switched to the new fund class automatically, as it is imperative that they consult with their intermediaries to consider the use of these fund classes in their current portfolios. For more detail, please contact your Glacier representative.