Preserve your savingsCost-effective, easy to use preservation fund designed
to help employees preserve their retirement savings.
 corporate protektor preservation

What is the Protektor Preservation Pension/Provident Fund?

The Protektor Preservation Pension/Provident Fund (Protektor) is a cost-effective, easy to use preservation fund designed to help employees, when leaving a place of employment, preserve their retirement savings to ensure that their retirement planning remains on track. It offers a pension fund and a provident fund preservation option, which makes it possible to transfer benefits tax free from an employer fund.
How does Protektor work?

When an employee leaves employment due to resignation, retirement, retrenchment or dismissal, the employee chooses to preserve their accumulated retirement fund savings in Protektor. The Fund in which the employee participated prior to leaving employment, transfers the employee accumulated retirement savings to Protektor and the savings are invested in the Old Mutual Absolute Stable Growth portfolio.

Two businesswomen in a meetingWhat's in it for you?
  • You keep your retirement plan on track. Preserving your accumulated savings in Protektor shows your commitment to your financial future.
  • The investment portfolio. As a Protektor member you will be invested in Old Mutual's market leading Absolute Stable Growth portfolio which is the Protektor Management Board's selected portfolio - that provides an 80% capital guarantee.
Woman sitting in a boardroom
What happens when you reach retirement?

Protektor has made it easy and affordable for members approaching retirement age to make good at-retirement investment choices. The Protektor Annuity Strategy consists of two at-retirement compulsory annuities - Fund Select Annuity and Max Income Living Annuity. Each annuity works slightly differently but both are designed to you the reliable pension income you need. 

For more information, please email the Protektor Annuity team.

Two people discussing business around a table.Why choose Protektor?Know what's the next steps to take when you ready to retire.
NEED TO KNOW MORE?Find out all you need to know about Protektor.
Want to know more about Protektor?Need more information? Here we answer all your questions but if you need more info you can speak to a consultant, call 0860 38 88 73.
    • Indicate your intention to preserve your benefits to your HR representative at your employer, before you leave the company.
    • If you do not have an intermediary complete the application form and hand this to your HR representative.
    • If you have an intermediary, complete the application form with your intermediary and they will take responsibility for the transfer of your retirement benefit into Protektor on your behalf.

  • As a Protektor member, you can choose to retire at any age after you have reached your 55th birthday. This doesn’t mean you have to also retire your job at that time - you will only be retiring from the fund if you want to do so. Read more...

    When you retire, and your Protektor membership is in the:

    • Protektor Preservation Pension Fund - you will have to use at least two-thirds of your benefit to buy a pension in your name. The balance can be taken in cash. Of course, you can also buy a pension with the whole benefit.
    • Protektor Preservation Provident Fund - you may use any portion of your retirement benefit to buy a pension in your name. However, the full amount may be commuted and be taken in cash.

    Remember that the capital used to purchase a pension is not taxed, but the income paid by the pension policy will be subject to tax. Complete the retirement claim form to action your claim.

    Read more about your options at retirement with the Protektor Annuity Strategy.

  • With Protektor, you are allowed to transfer your accumulated retirement savings to another retirement fund.

    Transferring your retirement savings to another employer’s fund. If you get another job that offers a retirement fund, you can keep your retirement savings invested, and have the potential to keep the investments growing for your future, by transferring the entire amount in Protektor to that fund. This will protect the value of your savings because no tax will be charged on the transfer.

    Transferring your retirement savings to another fund. You can also choose to transfer your Protektor account balance to a different retirement fund, such as a preservation fund or a retirement annuity. Doing this will also not result in your savings being taxed.

  • You are allowed one withdrawal after joining Protektor, except where the rules of your transferring fund do not allow this.

    Remember that by not keeping your retirement savings invested, you lose out on the benefit of compound interest, which means you will need to start saving for your retirement all over again, and you might never manage to build up the same savings amount again. Should you make a partial withdrawal from Protektor, it is important to note that any remaining retirement savings will only be payable on retirement, death or disability in terms of the Rules of the Fund. Complete the withdrawal form to action your claim.

  • Your retirement benefit is invested in Old Mutual’s market-leading Absolute Stable Growth Portfolio which is the Protektor Management Board’s selected investment portfolio. 

    Old Mutual Absolute Stable Growth Portfolio 

    Old Mutual Absolute Stable Growth Portfolio 2020

    The fund fact sheets are obtained from the respective fund managers and updates are dependent on the fund managers' timeous supply of the fund fact sheets.

    Monthly fund fact sheets are generally available the 2nd week following the applicable month-end.

  • The investment performance reports are obtained from the respective fund managers and updates are dependent on the fund managers' timeous supply of the investment performance reports.

    • Investment Performance reports are generally available 4 weeks after month-end and will not contain any benchmark figures.
    • Quarterly Performance reports are generally available 6 weeks after quarter-end and will contain benchmark figures.

  • In order to sell our products, intermediaries/brokers must be in possession of a FAIS License and have a mandate, issued by Old Mutual Corporate Distribution. The mandate must indicate which products the intermediary/broker has been accredited.

    For more information about accreditation material and to arrange for an assessment, please contact Old Mutual. Download the Protektor New Business Quote.

  • If you a member:

    Call 0860 38 88 73 for help making decisions

    Call 0860 20 30 40 for service related queries

    Call 0860 INVEST (468 378) for financial advice

    For employers:

    Call your Area Consultant for new investments or financial advice:

    Gauteng: (011) 217 1000/1210

    Pretoria: (012) 368 3540

    Western Cape: (021) 509 9111 / 0741

    KwaZulu-Natal: (031) 581 0600 / 0706

    Eastern Cape: (041) 391 6300 / 6304

    Bloemfontein: (051) 444 0831

    Call 0860 00 90 07 for Payroll Data assistance

    Call 0860 20 30 40 for service related enquiries

    For intermediaries:

    Call your Area Consultant for new investments or accreditation

    Gauteng: (011) 217 1000/1104

    Pretoria: (012) 368 3540

    Western Cape: (021) 509 9111 / 0700

    KwaZulu-Natal: (031) 275 0600 / 0712

    Eastern Cape: (041) 391 6300 / 6321

    Bloemfontein: (051) 444 0831

    Call 0860 00 90 07 for Payroll Data assistance

    Call 0860 20 30 40 for service-related enquiries


  • Protektor PPI Disclosure - read the disclosures that need to be made in terms of the requirements of the Protection of Personal Information legislation (PPI).


    Protektor Customer Privacy Notice     - this explains how we obtain, use and disclose your personal information, as is required by the Protection of Personal Information Act (“POPIA”).