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Sasfin Wealth Umbrella Retirement Fund

SWURF
Your retirement solution for life

Legislative and regulatory changes, technology advances, financial industry developments, cyber risks and the changing needs of retirement fund trustees and members are rapidly reshaping the retirement fund landscape in South Africa. These changes have resulted in greater complexity and ever-increasing pressures and responsibilities for employers and fund trustees to deal with. As a result, employers are increasingly searching for appropriate retirement fund solutions that will allow their employees to retire with financial independence. Umbrella retirement funds have become the preferred solution for employers because of benefits such as economies of scale, sound governance, administrative support, value for money service offering and integrated risk and investment benefits.

SWURF is a lifetime retirement fund solution that allows its members to accumulate retirement capital and to access investment, insurance and healthcare solutions as part of their personal financial planning and protection requirements. SWURF is able to integrate key elements of wealth creation and protection to assist members on their journey to financial independence.

The SWURF, as part of the iRetire Pension- and Provident Funds, is a defined contribution retirement fund solution, registered with the Financial Sector Conduct Authority (FSCA), which allows for the participation of multiple participating employers. SWURF offers institutional solutions to employers and retail investment solutions to members who want to continue in the fund after terminating employment with participating employers in the Fund.

The Fund provides participating employers and members with access to the following retirement savings and income options:

  • Pension and Provident Fund, plus:
    In-Fund Pension and Provident Preservation options;
    In-Fund Living Annuity options;
  • Retirement Annuity Fund, plus
    In-Fund Living Annuity;
  • Pension and Provident Preservation Funds;

The SWURF has been designed with the needs of fund members in mind and is a flexible and comprehensive retirement solution offering a range of attractive features and benefits that allows for independent advice.

Key Features

 

A single retirement solution for life

Transparency

Sound governance with an experienced
Board of Trustees


Award winning investment portfolios

A cost-effective and value for
money retirement solution

Flexibility and adaptability

 

A single retirement solution for life that caters for all the retirement needs of members, from their first investment contribution made when starting to earn an income, to the last pension benefit received in retirement. This allows members to have a single view of their complete retirement position, resulting in holistic planning and a better retirement savings outcome.

Transparency with all investment and other fees being disclosed by the Fund for each of the services offered by the Fund or service providers with no cross subsidization between services provided.

Sound governance with an experienced Board of Trustees that protect members’ retirement fund benefits and secure administration that protect their personal information against cyber security risks.

Award winning investment portfolios from a fee, risk adjusted performance, social responsibility and empowerment perspective.

A cost-effective and value for money retirement solution reflecting a technology enabled administration platform, effective investment portfolio construction and institutional pricing benefits for individual members.

Flexibility and adaptability to a changing environment allows SWURF to service and support financial advisors, the management committee and members in an ever-evolving investment and retirement industry.

Fund Members

The SWURF has been designed with the needs of fund members in mind and is a flexible and comprehensive retirement solution offering a range of attractive features and benefits that allows for independent advice.

The SWURF provides the members with a Default Life Stage Model for members looking to buy a guaranteed life annuity at retirement.

The SWURF also provides a select range of well-designed and carefully selected default and member choice investment options as part of a life stage investment approach. Participating employers can select the SWURF Default life stage model or design their own life stage model and range of investment options for their members’, pre and post retirement investment strategy.

For more information on what is available on the SWURF for members, please contact your employer’s Human Resources Department or your payroll department.

Participating Employers

Why should an employer establish a retirement fund for its employees?

Only employers can facilitate retirement funds that offer:

  • Participation in governance,
  • Wholesale pricing for retail solution,
  • Participation in design,

Value add for employees is substantial:

  • Provided the employee is guided to manage his own project, use support tools and understand the ultimate aim and understand the value proposition;

Achieve the Ultimate Objective: Financially Streetwise Employees on track towards a financially independent post-career life stage

  • Instill financial confidence in individuals,
  • Enhance their ability to save for retirement,
  • It enhances the employer’s potential of becoming an employer of choice and attracting best talent.

For an obligation free analysis / quote, please contact us on 012 943 6193 or swurf@sasfin.com.
The login should be arranged with csc@iretire.co.za.

SWURF establishes administration teams for groups of employers, which means that Employers can log onto their employees’ member records by utilizing the login on this page.

Advisors

SWURF enables the advisor to focus on: 

  • Growing your book of business;
  • Not taking part in administrative activities;
  • Utilizing completely transparent and timely management information from our client services platform to monitor operations;
  • Providing your core value add which is a professional advisory and governance service to employers and members.

For more information, contact Crystal de Klerk on swurf@sasfin.com.

Log in to access live management information on your client portfolio.

Fund frequently asked questions
Get all your answers to your SWURF-related questions

View the list of frequently asked questions or, alternatively, send your own question(s) to the following e-mail address swurf@sasfin.com.

Member FAQs

Employer FAQs

Contact us

Telephone numbers

SWURF: 012 943 6193

Sasfin Asset Consulting:
011 809 7500

Sasfin Healthcare Consulting:
011 445 8059 / 011 809 7500

Web addresses

Sasfin Wealth: www.sasfin.com/wealth/swurf

E-mail addresses

SWURF: swurf@sasfin.com

Sasfin Healthcare: healthcare@sasfin.com

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