Sanlam Umbrella Fund employers and members
This quarterly news update contains valuable information for members, member representatives, participating employers and other stakeholders in the Sanlam Umbrella Pension and Provident Funds
Administration updates
Important Updates from the Investment Committee
Prior to July 2022 the Sanlam Wealth Creation Lifestage Strategy was only available to participating employers with previous exposure to this strategy. As from July 2022, the Trustees have approved the inclusion of this strategy for all participating employers as an additional default investment strategy option.
Operational Update
The Operational Update concerns Policy Protection Rule 13, Policyholder requirements to ensure compliance and Implications of not providing member contact details to Sanlam.
External Single Manager Range Changes
Read about the changes to the External Single Manager Range portfolios.
Sanlam Reality for members of the Sanlam Umbrella Fund
The Sanlam Umbrella Fund continues to empower members’ financial resilience by offering value-added benefits.
News and Information
Sanlam Umbrella Fund Value-Added Benefits for members
Considering that most of our members leave 100% of their life savings with us, we recognize that our responsibilities go far beyond helping them prepare for retirement. Through our Value-Added Benefits, the Sanlam Umbrella Fund aims to empower members to make informed financial decisions and enable them to live and retire with confidence.
Nomination of Beneficiaries for Funeral Benefits
Members must complete a Member Beneficiary Nomination form in respect of their group funeral insurance benefit otherwise the benefit will be paid into the member’s estate.
Endorsement to the Sanlam Umbrella Fund Unapproved Group Risk Policy
It is important to note that the policy contains all unapproved insured benefits available under the Fund, underwritten by our two Trustee-approved insurers, Sanlam Group Risk and ABSA Life, and may not be applicable to all Participating Employers. Participating Employers should refer to their Certificate of Participation to determine if their benefits are affected.
The Sanlam Umbrella Fund and the Protection of Personal Information Act (POPIA), 2013 FAQs
On 2 June 2022 we published a comprehensive update on Sanlam Corporate's implementation of the legislation that you can access in this article. In this document we address additional POPIA FAQs.
