The FNB Umbrella Pension Fund and FNB Umbrella Provident Fund offer a full range of investment options and risk in the form of life, disability and funeral cover. We can customise a solution that benefits your business and your employees.
As your trusted financial partner, FNB helps you select the best option for your business.
The Funds' primary aim is to protect and grow contributions to best enable members to meet their needs in retirement. The Funds offer a wide variety of investment portfolios, designed to meet the diverse needs of participating employers and their employees.
The Funds have a Trustee-choice Default Portfolio ('the default') and they also offer members investment choice, depending on the option selected by the employer. If the employer selected the Bundled Option, members can only be invested in the default, however if members are in the Flexible Option, they will have additional investments to choose from.
At FNB, we have developed a new MarketStage pre-retirement default option which is an investment strategy that considers not only a member's remaining term to retirement but also the prevailing market conditions and environment.
The model employed for this method is a trading strategy that allows the investor to maintain exposure to market upside even in the final years leading up to retirement, but also tries to limit the impact of market downturns. The risk parameters set in the model will determine the profile of the investment into the final years until retirement.
This approach ensures that the member has the highest chance of maximising their capital value at retirement date. The intent is therefore to provide the member with the highest capital value with which to purchase the appropriate solution in retirement - be it a living annuity, guaranteed annuity or a combination of both.
Our Group Risk benefits are designed to protect against the impact of unexpected life-changing events that could leave
your employees and their families without an income because of disability, or even death.
We pay a lump-sum benefit in the unfortunate event of the death of your employee, to their nominated beneficiary.
We pay out a lump-sum amount to the employee's beneficiary.
We offer your employees cover if they become permanently occupationally disabled and are unable to work.
We pay out a lump-sum amount to your employee if they suffer from one of the specified illnesses or conditions.
The FNB Umbrella Funds will be managed by a team of reputable industry
professionals that will guide and advise the fund every step of the way.
We understand that your employees are your most important assets. In addition to being a participating employer with access to a professional Board of Trustees, an experienced Pension Funds Administrator and nationwide financial advisors you receive:
The FNB Umbrella Funds are administered in terms of a set of General Master and Special Rules registered with the Registrar of Pension Funds, and by insurance policies issued by South African insurance companies registered in terms of the Long-Term Insurance Act, No 52 of 1998. In the event of a discrepancy between the registered rules versus the content of this webpage, then the provisions of the registered rules will prevail.