There are many great reasons to choose Old Mututal SuperFund.
Super governance
Old Mutual SuperFund is managed according to the highest standards of good governance. A board of highly qualified and skilled Trustees makes sure that employers can focus on their core business while their employees can feel secure, knowing their money is in safe hands.
For more information about this, please read: What you should know about how your retirement fund is managed.
The Management Board of the Fund have also developed a Board Charter as recommended in the Code of Governance Principles for South Africa – 2009 (“King III”). This board charter is subject to the provisions of the Pensions Funds Act, the Rules and any other applicable law or regulatory provision. The purpose of this charter is to set out the Board’s role and responsibilities as well as the requirements for its composition and meeting procedures.
For more information, please read: Old Mutual SuperFund Board Charter.
Super value
Every Rand of unnecessary cost erodes the retirement savings of employees. At Old Mutual SuperFund we use our size and efficiencies to operate at the lowest possible cost. We pass these savings on to employers in the form of lower fees – this means employees get more out when they leave the Fund. There are no hidden costs and you only pay for what you use.
Super service
No matter where our clients are in South Africa, they have access to Old Mutual’s expertise. Whether you are a broker, intermediary, business owner or member – our services are within easy reach. Our experts are there to help you make the right choices and guide you through every step.
Super easy
Old Mutual SuperFund solutions are easy to access, easy to use, and easy to understand. It’s easy to choose a solution that will meet the needs of your particular business… and easy to change that solution if your requirements change.
SuperFund Trustees
The SuperFund Trustees are responsible for the management of the Fund. They are appointed by Old Mutual and are obliged to manage the Fund in terms of the Rules of the Fund and in accordance with all legislation.
The Trustees have a fiduciary duty to:
- Always act in the best interests of the Fund members.
- Choose a range of suitable investment managers and investment options.
- Impartially distribute death benefits to beneficiaries.
- Communicate regularly to members.
- Respond to disputes and prevent conflicts of interest.
- Know and understand the Fund Rules and any laws that affect the Fund.
Meet the SuperFund Trustees
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What is an Umbrella Fund?
Employees retirement savings accumulate in the Old Mutual SuperFund Umbrella Retirement Funds. Umbrella funds are retirement funds that allow more than one employer to simply ‘plug’ into an existing administration and management platform. This enables you to:
- Get on with running your company, knowing that your employees’ benefits are managed by a Board of Trustees and administered by Old Mutual, in accordance with all relevant legislation.
- Enjoy complete financial control – all fees and charges are completely transparent and there are no hidden costs.
- Offer your employees competitive, affordable (and where required, flexible) employee benefits – and so create a more satisfied, loyal and productive workforce.