Administration updates
The Sanlam Unity Umbrella Fund 2018 Rate Review and the impact of the VAT increase
The annual rate review for all three underlying funds being the Sanlam Umbrella Pension Fund, the Sanlam Umbrella Provident Fund and the Sanlam Unity Umbrella Fund is now completed. Fees for all participating employers will be adjusted with 15% VAT where applicable.
Campaign to encourage member registration for online portal and mobile app
The FSB now requires that all retirement funds obtain and maintain the personal contact details of each and every member of the Fund.
Steinhoff saga illustrates the value of the Sanlam Umbrella Fund’s well diversified retirement strategies
On Wednesday, 6 December 2017, Mr Markus Jooste resigned as CEO of Steinhoff International after Steinhoff’s auditors declined to sign off on its financial statements. Following the resignations, it was revealed that...
2017 Trustee Report
The Trustee Report for 2017 was released by the Board of Trustees. The report provides all Fund stakeholders with a view of tools and strategies embedded by the Fund in the last decade, as well as a glimpse into the future of the Retirement Fund Industry.
2018 Rate review
The annual revision for the Sanlam Unity Umbrella Fund is on track for 1 March 2018.
Adjudicator: Compensation orders for unlawful withholding of the benefit
Two recent adjudicator cases highlights the need for consultants to ensure their clients do not default in this regard.