The Sibaya Umbrella Funds include more than 66 participating employers combined and manage approximately E1.2 billion in members' fund assets (as at 30 June 2024).
The Funds have an experienced and established Board of Trustees who are vetted and approved by the FSRA.
Registered under the Retirement Funds Act, 2005 and the Income Tax Order, 1975.
Committed to providing a retirement plan that is simple and cost-effective, ensuring that the needs of participating employers of all sizes are met. We take into account the needs of both participating employers and members when designing the fund, while also providing the flexibility to customize benefits for each participating employer.
Enables participating employers to concentrate on their primary business while receiving expert guidance from professional Trustees who manage the Fund on their behalf. Each participating employer is involved in the Fund through a Management Committee consisting of Member Elected Representatives and Employer Appointed Representatives.
Designed to operate on a Defined Contribution basis i.e. members’ retirement benefits are based on the amounts contributed into the Fund plus any investment returns earned thereon. The minimum member and Employer contributions per member are 5% of the member’s pensionable salary.