FNB Umbrella Pension and Provident Funds

First Business Zero (R0 - R5 million p.a) Gold Business (R0 - R5 million p.a) Platinum Business (R5 million - R60 million p.a) Enterprise Business (R60 million - R150 million+ p.a)

Transact

Business Accounts Credit Cards Cash Solutions Merchant Services eWallet Pro Staffing Solutions ATM Solutions Ways to bank Fleet Services Guarantees

Savings and Investments

Save and Invest 3PIM (3rd Party Investment Manager)

Borrow

FNB Cash Advance Overdraft Loans Debtor Finance Leveraged Finance Private Equity Securities Based Lending Selective Invoice Discounting Asset Based Finance Alternative Energy Solutions Commercial Property Finance Fleet Services

Insure

Insurance

For my employees

Staffing Solutions Employee benefits

Forex + Trade

Foreign Exchange Imports and exports Structured Trade + Commodity Finance Business Global Account (CFC account)

Value Adds + Rewards

Connect my business the dti initiatives Enterprise and supplier development Business Hub eBucks Rewards for Business DocTrail™ CIPC Integration Channel Instant Accounting Solutions Instant Payroll Instant Cashflow Instant Invoicing SLOW 24/7 Business Desk FNB Business Fundaba nav» Marketplace Prepaid products Accounting integrations

Industry Expertise

Philanthropy Chinese Business Islamic Banking Agriculture Public Sector Education Healthcare Franchise Motor Dealership Tourism

Going Global

Global Commercial Banking

Financial Planning

Overview

Bank Better

KYC / FICA Debit order + recipient switching Electronic Alerts

Close

Corporates + Public Sector

Corporate Public Sector

Close

Home Loans

Affordability Bond Calculator

Day to day banking

Budget Future Value Credit Cards

Shares

Share Investor

Vehicle Finance

Vehicle Repayment Vehicle Purchase Price

Close

Product Rates

Save and Invest Transactional Savings Legal Practitioners and General Trust Account Global Accounts

Pricing Guide

Overview

Rates

Foreign Exchange Rates Lending Rates

Indicators and Share Price

SA Indicators

Close

News + Insights

Press Office Economics commentary Insights Business Hub

Close

Terms + Conditions

Product Terms and Conditions Promotions Terms and Conditions Legal Matters

About Us

World of FNB

News + Insights

Press Office Economics commentary Insights Business Hub

FNB Subsidiaries

Botswana Lesotho Ghana Namibia Swaziland Zambia Channel Islands

Close

Talk to us + important numbers

Contact us

Fraud + Disputes

Security Centre

Locators

ATM Locator Branch Locator/Book a Branch Visit eWallet GEO Locator

Tools

Switching Services Track and Trace Lead Form Tracking Upload Documents - For Me Upload Documents - For My Business Reporting a death Software Downloads FNB Approved Suppliers FNB Prospective Suppliers Verify Guarantee Verify Statements Verify Payments Verify Account Confirmation/Visa Application Letters eWallet balance enquiry FML Managed Maintenance enquiry

Close

Careers at FNB

Find out more about careers at FNB Apply here

Close

FNB App

How-to guides

Register with Online Register without Online Add beneficiary Pay recipient Manage cards Buy prepaid electricity Buy prepaid airtime and data Send eWallet Download verified statement Secure Chat® Reset your password

Close

All savings + investment accounts

Cash deposits

Notice deposits Immediate access Access to a portion Fixed deposits

Share investing

Shares

Tax-free investing

Tax-free accounts

Funds/unit trusts

Ashburton specialised products

Invest abroad

Offshore products

I want to save for

Personal goals Child's education Emergencies Tax-free

Compare similar

Compare

Additional options

Show me all Help me chosse Find an advisor

Financial planning

Overview

Close

Flexible Option

The FNB Umbrella Funds Flexible option allows an employer to fully customise an employee benefits solution that suits both their needs and the needs of their employees.

Find out more

Close

Bundled Option

The FNB Umbrella Funds Bundled option provides a comprehensive pre-packaged solution which includes a pension or provident fund, life, disability and funeral cover.

Find out more

Close

MarketStage - Transition

The MarketStage strategy adjusts the risk profile based on market movements and years to retirement.

Money is invested in the FNB Growth Portfolio up until 7 years prior to retirement.

Members' fund credits are then allocated between the FNB Growth Portfolio to a more moderate/conservative portfolio (the Ashburton Stable Income Fund) 7 years prior to retirement, taking into account market circumstances as well as the member's time to retirement.

This MarketStage asset allocation between the Growth and Stable Income portfolios is reviewed regularly to maximise growth and minimise volatility and risk.

Close

Funeral cover

The Funeral Benefit pays a lump-sum benefit in the unfortunate event of the death of your employee, to their nominated beneficiary.

The pay-out can help to cover the immediate costs such as funeral and burial expenses.

The funeral benefit is a fixed rand amount per insured person, as selected by you, the employer, and pays out within 24 hours of receiving all required documents.

Depending on how you structure this benefit, your employee's spouse and up to 5 children may also be covered

Close

Life cover

The Life Cover Benefit pays out a lump-sum amount to the employee's beneficiary *, if the employee passes away.

The pay-out can help with providing financial support to dependants, settling outstanding debts, and to pay for children's education or settle estate duties.

The lump-sum amount is set by you, the employer, and expressed as a multiple of basic (or risk) salary, for example:

If an employee has an annual risk salary of R250 000 and you selected the life cover multiple as 2x annual risk salary, the employee's beneficiary will receive a lump-sum pay-out of R500 000.

* How you set up this benefit, determines if it pays out (as a lump sum or an annuity via a trust) to nominated beneficiaries directly, or to dependants / beneficiaries as per the Pension Funds Act.

Close

Disability cover

We are able to offer your employees cover if they become permanently disabled and are unable to work. We offer two options of cover: a lump-sum pay-out or a monthly benefit if they suffer a disability.

The pay-out can help replace an employee's income, cover additional expenses, such as recuperation costs, pay off debt or pay for modifications to their home and car to accommodate for the disability or to cover monthly expenses, such as school fees, rent or home loan repayments.

Disability cover - protection against the cost of permanent disability

The Disability Benefit pays out a lump-sum amount to the employee if they become physically or (or mentally) impaired and if they are unable to earn an income due to permanent disability.

The lump-sum amount is set by you, the employer and expressed as a multiple of basic (or risk) salary. This may not exceed the life cover amount. For example:

If the employee has an annual risk salary of R250 000 and disability cover multiple is selected at 1.5x annual risk salary, the employee will receive a lump-sum pay-out of R375 000.

Income protection - protects your employees' livelihood

Income Protection pays a monthly benefit to the employee if they suffer a loss of income due to a disability, or if they become severely impaired. This benefit will be paid until the employee is no longer disabled or returns to work.

The monthly insured amount is set by you, the employer and expressed as a percentage of basic (or risk) salary. For example:

If the employee has an annual risk salary of R250 000 and the monthly disability income is selected at 75% of annual risk salary, the monthly disability income will be R15 625.

Close

Critical illness cover

The Critical Illness Benefit pays out a lump-sum amount to your employee if they suffer from one of the specified illnesses or conditions.

The pay-out can help to cover additional expenses, such as recuperation costs, nursing or medical specialists, settling outstanding medical bills, and for 24/7 care.

The lump-sum amount is set by you, the employer and expressed as a multiple of basic (or risk) salary. For example:

If the employee has an annual risk salary of R250 000 and the critical illness cover multiple is selected at 1.0x annual risk salary, the employee will receive a lump-sum pay-out of R250 000.

Close

Meet Erika Nieuwoudt Sponsored appointed Trustee

Erika holds various legal qualifications and has served on the executive management of the Employee Benefits divisions of numerous long-term insurers and private fund administrators, mostly responsible for the legal and compliance departments. For the last 12 years she has been working as a legal consultant and fiduciary in the pensions field. She is a full member of the Pension Lawyers Association and has served as company secretary of a large pension fund administration company.

Erika has been appointed as an independent Trustee on various large privately administered funds in addition to serving as independent chairperson of the Board of Trustees of four large retail umbrella funds. She is currently the Principal Officer of the FirstRand Retirement Fund.

Her qualifications include a B Proc degree, Advanced Diploma in Labour Law, Higher Diploma in Pension Law, and the FAIS Regulatory Exam as a key individual.

Close

Meet Praneel Lachman Sponsored appointed Trustee

Praneel is a Chartered Accountant by profession with over 20 years of banking experience, predominantly in a treasury environment. In that time, he fulfilled multiple roles beginning in finance before moving into strategic operations, portfolio management and Chief Risk Officer for Group ALM risks. He is currently the Head of Balance Sheet Management in the FirstRand Group.

Praneel has a passion for improving the retirement industry for the benefit of savers and is a Trustee on the FirstRand Retirement Fund (FRRF) and RMB Provident Fund (RMB PF), as well as chair of both the FRRF Investment Sub Committee and RMB PF Investment Sub Committee, having previously chaired the FRRF Audit and Risk Committee.

Praneel is a qualified CA (SA), and holds a BACC as well as a Postgraduate Diploma in Auditing.

Close

Meet Simon Mohapi Independent Trustee

Simon is a Registered Financial Planner (RFP) with more than 35 years' experience in the financial services sector, including long term insurance, stockbroking, investment management and financial advisory services. He holds the FSCA Regulatory Exams (RE) certificates; RE1: Key Individuals, RE3: Discretionary, and RE5: Representatives. He also has the FSCA Trustee Toolkit certificate and serves on some boards of management as an Independent Chairperson, and an Independent Trustee on others. He is a member of the Financial Planning Institute (FPI)..

He is one of the Founders of SM Mohapi Financial Services (Pty) Ltd, FSP722, T/A Mohapi Group, an accredited outfit by the FSCA as Investment Managers and Financial Advisors with a 20-year track record.

He is a graduate of the Stock Market College (SA), holds a Diploma in Investment Management (RAU), and a Graduate Diploma in Company Direction (NQF7) with the Institute of Directors (IoD) in collaboration with the Graduate Institute of Management & Technology (GIMT).

Close

Meet Mathias Sithole Independent Trustee

Mathias is a qualified Actuary with more than 15 years' experience working in the Employee Benefits sector. Over the past 15 years, he has worked at various long term insurers as a Consulting Actuary and Asset Consultant to some of the largest stand alone and umbrella retirement funds within the industry. Mathias is passionate about assisting retirement fund members to achieve favourable retirement outcomes through the management of the various retirement fund related risks associated with planning for retirement.

Mathias is a qualified Actuary (FASSA) and a holder of a BCom (Hons) degree in Actuarial Science. He is also an approved Valuator of both Defined Benefit and Defined Contribution Schemes, an approved Liquidator of retirement schemes and an approved Key Individual in terms of the FAIS Act.

Close

eBucks

Participating employers who bank with FNB can qualify for eBucks as a reward for providing risk cover for their employees. Similarly, members of the funds can earn eBucks rewards.

Note: Members and employers need to have an FNB cheque account to participate in the eBucks rewards* program.

*Your eBucks reward level will determine the percentage back in premiums. eBucks terms, conditions and rules apply.

Close

Value adds

Close

Benefits for employers

Easily accessible single-view of total retirement contributions on the FNB Online Banking platform
Lessen the administrative burden as member communication is facilitated through the FNB App, cellphone banking & SMS
Full administrative and financial support teams

Close

Benefits for employees

Fund information is easily accessible on the FNB App
Employees will have access to financial tools and education
Employees can get a Will drafted, for free
A team of FNB Financial Advisors will provide employees with financial advice
Employees with a qualifying FNB account may get eBucks points every month for saving toward retirement*

Close

MarketStage

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.

Close

Contact us

For more information please send an email to:
employeebenefits@fnb.co.za

What would you like to do?

Please select

Please select

Please select

Daily Banking

Tools

Menu

Switch to FNB

Financial Solutions

Ways to bank

Invest abroad

Financial planning

Forex

eBucks Rewards

Switch to FNB

Lifestyles

Switch to FNB

Events

Services

Switch to FNB

Bank better

Switch to FNB Business

By Turnover

Transact

Savings and Investments

Borrow

Insure

For my employees

Forex + Trade

Value Adds + Rewards

Industry Expertise

Going Global

Financial Planning

Bank Better

Corporates + Public Sector

Home Loans

Day to day banking

Shares

Vehicle Finance

Product Rates

Pricing Guide

Rates

Indicators and Share Price

News + Insights

Terms + Conditions

About Us

News + Insights

FNB Subsidiaries

Talk to us + important numbers

Fraud + Disputes

Locators

Tools

Careers at FNB

FNB App

How-to guides

All savings + investment accounts

Cash deposits

Share investing

Tax-free investing

Funds/unit trusts

Invest abroad

I want to save for

Compare similar

Additional options

Financial planning

Flexible Option

Bundled Option

MarketStage - Transition

Funeral cover

Life cover

Disability cover

Critical illness cover

Meet Erika Nieuwoudt Sponsored appointed Trustee

Meet Praneel Lachman Sponsored appointed Trustee

Meet Simon Mohapi Independent Trustee

Meet Mathias Sithole Independent Trustee

eBucks

Value adds

Benefits for employers

Benefits for employees

Provide for your
employees with
an umbrella fund
solution