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.
Participating Employers have to notify the Fund in writing of the person/s who will be liable for payment of contributions.
Read the article published in Saturday Star on 10 November 2018 here
The Sanlam Umbrella Fund has for many years used Smoothed Bonus Portfolios as a part of our default investment strategies.