New administration fees are applicable from 1 April 2020.
The Sanlam Umbrella Fund trustees are keeping Fund stakeholders updated with the Fund’s response in light of the Corona Virus Pandemic.
The Sanlam Umbrella Fund offers a number of solutions for employers who are in distress as a result of the COVID-19 national state of disaster.
All our supporting consultants and participating employers will receive communication, detailing the client-specific changes to operating expenses and risk premiums (where applicable).
The RSC Disclosure is a simplified and practical illustration of the estimated retirement savings costs at an employer level, allowing for more consistent comparison of costs across the industry.
Participating Employers have to notify the Fund in writing of the person/s who will be liable for payment of contributions.