Read Sanlam Employee Benefits’s commentary on Finance Minister Tito Mboweni's budget speech.
The Sanlam Employee Benefits administration platform has been developed to accommodate the changes and these are being implemented on our platform as required.
Regulatory requirements in terms of the Financial Intelligence Centre (FIC) Amendment Act, 2017 for Participating Employers of the Sanlam Umbrella Fund
To meet FICA requirements, Sanlam is obliged to identify and verify all persons and entities we interact with and all participating employers of the Sanlam Umbrella Fund and the Sanlam Unity Umbrella Fund are obligated to provide the most updated documentation verifying ownership of the entity.
We update clients on progress within Sanlam Employee Benefits towards implementing the default regulations requirements.
New regulations require that members must have access to retirement benefit counselling before receiving a withdrawal or retirement benefit.
This is an exciting year for us at Sanlam because we celebrate our centenary in June. We are particularly pleased that the Sanlam Benchmark survey has been running for 37 years of the company’s lifespan.