Independence

eFund is independent from product and service providers and not limited to using only certain service/product providers. 

This approach is cost-effective and prevents cross subsidisation of costs between the administration of the fund, group risk benefits and investments that is so typical of the industry. Unbundled solutions that are then repackaged typically provide for a more cost-effective solution.

Independent

From Administrators

The Trustees appointed Sanlam Employee Benefits as the administrator of eFund. Sanlam Employee Benefits is the proud winner of several retirement industry awards. Their appointment is reviewed annually to ensure effectiveness, compliance and a satisfactorily high level of administration of eFund.

Administration by Sanlam Employee Benefits

The following functions are performed in respect of eFund:

  • member administration
  • fund accounting
  • investment administration

The combined value means that the assets, liabilities and accounting records are balanced on a daily basis.

Web-enabled access

  • The Retirement Fund Web (www.retirementfundweb.co.za) provides clients with state of the art retirement fund administration processes and employee communication tools.
  • The web facility allows participating employers and employees to access their retirement fund benefits and related information.
  • This tool also enables participating employers to streamline the administration of their retirement fund considerably, eliminating tedious volumes of paperwork while providing easy access to employee information.
  • A pin-code for each user ensures the confidentiality and security of employee information on Administrator-, Viewer- and Employee access levels.

Independent

From Risk Providers

Risk Providers

eFund can offer risk benefits underwritten by all major insurance companies to provide the most cost-effective solution.

Group Risk Schemes

Group Risk benefits can be approved and/or unapproved and structured to be the most tax-efficient option for employees.

Flexible

A wide range of flexible group risk benefits are offered.

Value for Money

Meeting the participating employers needs and utilising the most cost-effective service provider.

Independent

From Asset Managers and Investment Platform Providers

The eFund allows participating employers to use multiple Asset Managers at bulk wholesale investment fees, while providing consolidated reporting and unit prices for updating of employee records.

Asset Consultants

Participating employers can make use of various Independent Asset Consulting companies for advice on how best to optimise the investment pools offered by eFund to best suit the needs of their employees.

Investment Platforms

Several major investment platforms are utilised by eFund with a wide range of investment pools to choose from.

Investment Portfolios

eFund provides a variety of Guaranteed, Life Stage, Single Manager and Multi Manager Portfolios, as well as an option compliant with Shari’ah Law.

Contact your approved consultant

for more information on the eFund’s Unique Features.

Learn more