Retirement Solutions
Umbrella or multi-employer funds are retirement funds to which multiple employers can belong. The benefit is that employers simply ‘plug in’ to an existing administration and management platform that provides all the components needed to provide retirement and risk benefits to their employees.
Old Mutual's umbrella fund solution for Corporates and institutions is Evergreen. Evergreen offers a pension and provident fund as well as risk benefits.
Old Mutual also offers a fully integrated, automated and streamlined administration service that gives members greater control over their retirement provision, while trustees, employers and intermediaries enjoy benefits of reduced compliance risk as well as consistent and excellent administration service delivery.
Pencare is an annuity administration business that currently processes monthly payments for approximately 121000 pensioners, making it the largest and most successful annuity administration business in the South African market.