Trustee-related updates
Results of the Independent Trustee election
As you know, the Sanlam Umbrella Fund is one of only a few commercial umbrella funds that allow members to elect 50% of the Board of Trustees. During 2015 we had our fourth such election. The Fund’s Principal...
2015 Annual General Meeting
The Sanlam Umbrella Fund once again held a very successful AGM on 2 September in Cape Town, and 8 September in Johannesburg.The presenters addressed relevant content regarding the progress of the Sanlam Umbrella Fund,...
Member representative trustee election
The interviews for the member representative trustees have taken place. Background screening is currently underway and the final candidates will be decided on soon.Thereafter, a short summary of each candidate’s...
Persons who are liable for the payment of contributions
The Pension Funds Act, (Section 13A(9)(a)), makes it an obligation of a retirement fund to request participating employers in writing to notify the fund of the identity of the person or persons who are personally...
You may leave your money in the fund when you retire
As from 1 March 2015, retiring members will be given the opportunity to postpone payment of their retirement benefit until a later date than the retirement date indicated in the rules of the fund.This means you may...
Amendments to the General Rules
The Board of trustees keep the General rules aligned and updated with legislative changes. Rule amendments for the Sanlam Umbrella Pension Fund and the Sanlam Umbrella Provident Fund were both formally registered by...