THE SANLAM
UMBRELLA FUND
Financial security for your employees
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The
Sanlam Why an Umbrella Fund?
Umbrella An Umbrella Fund is a structure that offers
flexible, need-specific retirement savings options
and an insured benefits package.
Fund The Sanlam Umbrella Fund provides your
employees with the means to save for retirement,
in a cost-efficient manner. It also offers multiple
investment opportunities that have been designed
to meet members’ different needs and promote
better retirement choices.
Our options range from basic to comprehensive,
custom-designed solutions. This means that we
can tailor a solution to meet your unique needs as
well as those of your employees.
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The top 5 reasons
to choose the Sanlam Umbrella Fund
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Attract, motivate
and retain skilled
employees. A trusted product.
Offering employee It has a client retention
benefits adds to rate of 99%.
your appeal as an
employer.
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Fast claim
payouts.
Contributions
Withdrawal claims A comprehensive
invested right away.
are paid within holistic solution for your
99% of contributions are
4.5 working days, with employees’ retirement
invested within 1 day of
approx. 2000 claims saving needs.
receipt.
processed each
month.
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Advantages 2 A digital administration
for the
platform
Sanlam’s custom-designed administration
participating
platform:
delivers speed, simplicity and efficiency
employer
eliminates manual processes, leaving the
employer completely in control
routes member data (existing member details
and exit notifications) directly through to the
Sanlam administration system
enables real-time online transactions and
changes to the administration system
provides easy integration with employer payroll
1 State-of-the-art systems
technology has an integrated electronic funds transfer
functionality
The Fund’s underlying technology enables:
allows for segregation of duties at employer
increased service delivery, data integrity, ease of level
access to information and self-help reporting. enables fully automated payout of members’
cash benefit claims.
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3 Employer online Portal
This allows employers to:
segregate between administration and
viewing rights
access Fund information such as rules, policies,
investment reports, etc.
access and download various reports
perform a full suite of administration transactions
generate member benefit statements in bulk
4 Competitive Insured
Benefits
Competitive insurance rates:
Your employees’ risk benefits are insured with the
more competitive of two insurers: Sanlam Group
Risk and ABSA Life.
Flexibility:
Large employers can place their insured
benefits with an insurer of their choice,
subject to certain terms and conditions.
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Advantages
for the member
The Sanlam Umbrella Fund drives positive member retirement outcomes through empowering members
in making smarter financial decisions. Members have easy access to their own as well as Fund information
via the Fund’s digital platforms - a member online portal and free “Sanlam my Retirement” app.
Members are able to: Value Added Benefits
generate statements and reports (including Day-One Member tools
daily updated benefit statements) Retirement Benefit Counsellors
switch investment portfolios Travelling nurses
maintain their beneficiary information Sanlam Accident Booster
access member booklets & investment Wills and Trust Services
information
Housing Loan Surety
access various retirement calculators,
Sanlam Gap Cover
including tax calculators
access online retirement planning tools
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3 Solutions- The Sanlam Umbrella Fund has been crafted to
build and protect employee wealth by some of the
One Fund
top minds in the South African Employee Benefits
industry. The Trustees understand that different
members have different needs, which is why the
Sanlam Umbrella Fund provides three investment
options. Employers can choose the option that is
most suitable for their employees.
Standard option Optimal option Comprehensive option
Choose between a provident Choose between a provident Choose between a provident
and pension fund. and pension fund. and pension fund.
Choose from 4 trustee- One trustee-approved default Choose from 4 trustee-
approved default investment investment strategy. approved default investment
strategies. strategies.
Limited range of member
No member investment choice. investment choice available. Wide range of member
investment choice available.
Individual pricing applies per Individual pricing applies per
participating employer, based participating employer, based Individual pricing applies per
on demographics and risk on demographics and risk participating employer, based
profile. profile. on demographics and risk
profile.
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One Fund-
Multiple SIM Cash Fund
SIM Temperance Balanced Fund
investment
SIM Moderate Absolute Fund
MULTI-MANAGER RANGE
SMM70
strategies to
SMM50
SMM30
SMM Moderate Absolute Fund
choose from
SMM NUR Balanced Fund
SMM Select Balanced Fund
Sanlam The Most Aggressive Portfolio
Sanlam Accumulation Portfolio
Our range of investment option allows you to offer SMOOTHED BONUS RANGE
employees complete investment flexibility. Sanlam Progressive Smooth Bonus Fund
Sanlam Monthly Bonus Fund
Sanlam Stable Bonus Portfolio
Available portfolios EXTERNAL SINGLE-MANAGER RANGE
TRUSTEE APPROVED DEFAULT STRATEGIES Allan Gray Global Balanced Portfolio
Sanlam Lifestage Coronation Houseview Portfolio
Volatility Protection Strategy Investec Balanced Fund
Passive Lifestage Strategy PSG Balanced Fund
Sanlam Blue Lifestage Strategy Sanlam Foord Balanced Fund
SANLAM INVESTMENTS RANGE Sanlam Prudential Balanced Fund
SIM Balanced Fund INDEX-TRACKING RANGE
SPW Balanced Fund Satrix Enhanced Balanced Tracker Fund
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Individual Membership
options
The Sanlam Umbrella Fund makes it easy for members to grow their retirement savings during their
working years. The Fund also makes provision for individual membership to continue after a member leaves
the employment of his/her employer. This option enables members to improve their retirement outcomes.
Four options available
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Paid-up Phased In-Fund Out-of-Fund
Membership: Retirement: Living Annuity: Guaranteed Annuity:
When a member When a member On or after retirement, On or after
leaves their retires, they can a member can draw retirement, a member
employment before postpone the payment a monthly pension can purchase a
they retire, they can of their retirement directly from the guaranteed annuity
leave their withdrawal benefit until a later Fund. for life from Sanlam.
benefit in the Fund. date.
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call us
SCO505 11/2019
2 Strand Road, Bellville 7530 | PO Box 1, Sanlamhof 7532, South Africa T +27 11 244 8185
F +27 21 947 0625
Sanlam Life Insurance Limited Reg no 1998/021121/06.
Licensed Financial Services and Registered Credit Provider (NCRCP43). E sanlamumbrellafund@sanlam.co.za
www.sanlamumbrellafund.co.za
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