Unity Umbrella Fund employers and members
This quarterly news update contains valuable information for members, member representatives, participating employers and other stakeholders in the Sanlam Unity Umbrella Fund
Administration updates
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.
Update: Changes to Unapproved Policies
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.
Sanlam Reality for members of the Sanlam Umbrella Fund
The Sanlam Umbrella Fund continues to empower members’ financial resilience by offering value-added benefits.
Free Will Drafting Service for members of the Sanlam Umbrella Fund
Sanlam Umbrella Fund have introduced a free will drafting service as part of our value-added-benefits offered to members of the Fund.
News and information
Sanlam Unity 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 Unity Umbrella Fund aims to empower members to make informed financial decisions and enable them to live and retire with confidence.
The Sanlam Unity 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.
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.
Updated Version of Sanlam Unity Umbrella Fund Product Guide
The July 2022 version of The Sanlam Unity Product Guide has been released. Updates include text refinements and the new Trustee-approved default investment strategy.
