The Sanlam Umbrella Fund Insured Benefits Committee communicated changes to the definition of “beneficiary” as contained in Schedule 2 of the Insurance Act 18 of 2017 in the June 2021 Toolkit. This article contains the update of the unapproved policy.
The 2021 Sanlam Umbrella Fund Symposium was successfully broadcast via a virtual platform on 21 September 2021.
Our members’ health is a priority. Therefore, we are proud to launch the Sanlam Virtual Doctor facility. Through this facility, members of the Fund will have access to free and convenient consultation with a doctor or nurse online.
The Sanlam Umbrella Fund and its Sponsor and administrator, Sanlam, takes the protection of the personal information of our members, employers and our Fund very seriously. The Fund will only collect, use, and keep personal information if there is a lawful purpose for doing so.
The release of the final Smooth Bonus Conduct Standard was timeous and relevant.
Danie van Zyl discusses the concept of market value adjustments as a means of protecting members of smoothed bonus portfolios during times of negative investment returns.