Defining the benefitsDefined Benefit Umbrella Fund solutions are for employers
who currently operate standalone defined benefit funds.

What is the Defined Benefit Umbrella Fund?

Old Mutual SuperFund Defined Benefit Pension and Provident Funds are targeted Umbrella Fund solutions designed to meet the needs of employers who currently operate standalone Defined Benefit funds. This solution is ideal if you want to experience the convenience, cost savings and risk reduction benefits of an umbrella fund arrangement.
What’s in it for you?
  • Enjoy lower costs for yourself and your employees (members)
  • Access to professional and experienced trustees
  • Experience a reduction in personal and compliance risk
  • You and your employees benefit from flexible benefit structures and well managed investment risk
  • More time to focus on your core business
Two men and a woman sharing a jokeKey product offering

Old Mutual SuperFund Defined Benefit Fund offers seamless benefit and investment structures, enhanced governance and compliance as well as comprehensive services.

Admin and Support

With Old Mutual SuperFund Defined Benefit Funds you enjoy a range of valuable administrative and support services including:

  • Investment treasury services
  • Bank account and expense management services
  • Key general ledger account reconciliations
  • Reconciliation of ledger accounts to bank statements
  • Monitoring of daily bank statement transactions and facilitation of payments
  • Preparation of audit files and provision of audit assistance
  • Regular reporting
Admin and SupportRisk benefits
  • Group Life Assurance - cover to help surviving loved ones secure their financial futures if the member passes.
  • Lump Sum Disability Cover - covers individuals who may suffer an event that leads to permanent disability.
  • Temporary Income Protection Cover (TIP) - income paid to a member who temporarily disabled and unable to work.
  • Lifestyle Cover - pays out in the event of cancer, heart attack, stroke, paralysis, or permanent loss of hearing, sight or a limb.
  • Family Funeral Cover - cover to help the member or his or her immediate family members with the costs of a funeral.
  • Accident Death Benefit - pays out to nominated beneficiaries if the member passes away from accidental causes.
3 young professionals socialisingValue added
  • SuperFund Solutions at Retirement for trustee-endorsed annuity solutions
  • Member support services for free decision support during key life events
  • Financial Wellbeing Programme offers valuable financial education via workshops or online modules
  • Funeral Support Services* including transportation of the deceased to the final funeral home
  • HR911* phone-based support for income protection claimants
  • Cash4Loved Ones* lump sum beneficiary payment if member dies while receiving income protection benefits.
  • Travelling nurses* who visit employees at home or work to administer medical tests for underwriting.

*Available if the risk benefits are insured by Old Mutual.

Value addedHow to apply

Contact one of our Corporate Consultants for assistance:

  • Johannesburg - 011 217 1000
  • Pretoria - 012 368 3540
  • Westen Cape - 021 509 0741
  • KwaZulu-Natal - 031 581 0600
  • Eastern Cape - 041 391 6300
  • Bloemfontein - 051 444 0831
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Why choose Defined Benefit FundHere's why people choose us:
Have more SuperFund Defined Benefits Funds questions? We've got answersIf you would like to know more about our SuperFund Defined Benefits Funds, please give one of our Corporate Consultants a call.

    One of the key deliverables of the Management Committee that forms part of your Old Mutual SuperFund Defined Benefit Fund is to plan and executive effective ongoing member communications and education.

    On transfer to an Old Mutual SuperFund Defined Benefit Fund the Board of Trustees are replaced with a Management Committee. This Committee can include representatives of the company, some of the trustees of your previous fund and the Old Mutual SuperFund Defined Benefit Fund trustees.

    Consolidation in the retirement fund industry is set to continue in the coming years as further retirement reforms are introduced. Stakeholders in the retirement industry are recognising that umbrella funds offer a viable solution to the challenges that accompany such reforms. These funds have been created to make the many advantages of an umbrella arrangement available to employers, trustees and members of defined benefit funds and not just for defined contribution funds.

    Old Mutual SuperFund Defined Benefit Investment Portfolio Statement

    Old Mutual SuperFund Defined Benefit Pension/Provident Fund Member and Beneficiary Privacy Notice - explains how we obtain, use, and disclose your personal information and aims to inform you of your rights and how to exercise them.

    SuperFund Defined Benefit Pension Fund PAIA Manual – the manual contains information required to request access to SuperFund Defined Benefit Pension Fund records

    SuperFund Defined Benefit Provident Fund PAIA Manual – the manual contains information required to request access to SuperFund Defined Benefit Provident Fund records

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