The Great Debate:
Standalone vs umbrella
retirement funds
Our panel of experts answer the
most frequently asked questions about both types of funds.

All employers have to, at one point or another, decide on a retirement fund for their employees. Sometimes it may even be necessary to move from the one you’re in to another.

So which will be better for the business and your employees – a standalone retirement fund, which is managed by your business, or an umbrella fund made up of several employers, which is managed by a financial services provider?

Watch: The Great Debate: Standalone vs Umbrella Retirement Funds

Panel:

  • Malusi Ndlovu, Director: Large Enterprise Market at Old Mutual Corporate, one of South Africa’s largest employee benefit providers
  • Jonathan Mort, Director at Jonathan Mort Attorneys, specialists in pension fund law and governance
  • Jennifer Grefen, an independent employee benefit consultant that specialises in value-for-money solutions
  • Estelle Midgley, an independent principal officer with experience in large corporate funds

In this installment of The Great Debate, four retirement and pension fund experts unpack the ins and outs of standalone and umbrella funds. Plus, they talk through the crucial factors to consider: governance, regulatory changes, National Treasury’s push towards consolidation, flexibility, administration, financial education for members and, last but not least, cost and economies of scale.

This candid conversation is for everyone seeking clarity on the two types of retirement funds, but we designed it to be particularly useful to decision-makers, so click play if you are ● in HR ● an executive ● a benefits manager ● MD ● FD ● CFO ● CEO ● a trustee of a fund ● the founder of a growing business looking to introduce employee benefits.

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In the media

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