Our annuities provide regular, usually monthly, payments to pensioners for the rest of their lives, based on the savings accumulated up to retirement. The payments can remain unchanged or be increased once a year with increases that are a fixed percentage or linked to either inflation or the performance of an underlying investment portfolio.
Payments can be made for a guaranteed period, regardless of survival of the pensioner, and can be made to a spouse or child after the death of a member. An annual 13th cheque can be included.
Suitable for investors who
What the product aims to achieve
Offers a retirement fund solution to meet the needs of pensioners by using smoothed weighted average of recent underlying investment returns, to determine annual increases in the pension amount, with a guarantee that the pension will never decrease and will be paid for life.
Fund factsheets for underlying investment portfolios:
Provides a guaranteed monthly pension with annual increases equal to inflation for the rest of pensioners’ lives; the increase is equal to the Consumer Price Index, lagged by four months.
Provides fixed rate increases or level annuities for the rest of pensioners’ lives.
Offers a transparent retirement fund solution to better meet the needs of pensioners by using a simple formula to determine annual increases in the pension amount, with a guarantee that the pension will never decrease.
Guarantees to pay out the current level of pensions, plus increases over the rest of pensioners’ lives by reducing the guarantee fee to zero while investing the remainder of the assets to maximise increases.
Allows pensioners to share in the investment returns earned on the underlying annuity portfolio through annual pension increases.
E-nnuity – this is a unique and innovative online quotation programme that provides instant retirement planning quotations. Accredited financial advisers can generate multiple quotations for retirement fund members at the "push of a button". These quotations are based on real-time values from across the range of annuity products that Sanlam Employee Benefits offers.
Please note that only FAIS-accredited financial advisers or brokers may register to use E-nnuity.
Login to E-nnuity.
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Principles and Practices of Financial Management (PPFM)
Provides detailed information about how we manage our discretionary participation funds.
Sanlam Employee Benefits Provider Pension Products
Sanlam Life Participating Annuity Products
Regulation 28 Certificates
Provides confirmation that our guaranteed long-term policies may be excluded from the asset limits set in Regulation 28.
Complete Picture Pension / Provider Pensions certificate
Guaranteed Insured Pension / Inflation Linked Pension certificate
Bonus Pension / Quantum Pension certificate
Bonus Declaration 2020
Provides an explanation of the factors taken into account in declaring bonus increases, and provides an overview of the with-profit annuity portfolio and how these annuities operate.
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