Umbrella funds are cost-effective
What is an umbrella fund?
An umbrella fund pools the retirement investments of multiple employers. This reduces the average cost per member and can provide other advantages such as professional governance. Learn more with our FAQs.
Who should consider an umbrella fund?
An umbrella fund is appropriate for all employers who lack size to extract scale benefits from a stand-alone fund.
The South African retirement industry is heading strongly in the direction of umbrella funds: the number of stand-alone retirement funds in South Africa has almost halved over the past few years.