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Why is it important that I nominate the beneficiaries for the benefits from my retirement fund?

It’s important to update your beneficiaries regularly to make sure that your loved ones are taken care of, in the event of your death or when your circumstances change – for example through divorce, marriage, or the birth of a child.

Updating your beneficiaries will enable the trustees of the Fund and/or Insurer to allocate your benefits to your loved ones. This could be your partner, parents, siblings, children or anyone close to your heart. Click below to access the Sanlam Member Portal and update your beneficiary information today, so that you can confidently say: “My loved ones are protected.”

  

Important note:

Without an updated beneficiary nomination form, the trustees are not in a position to identify all your dependants and take your wishes into account when allocating your fund death benefits. They will have to allocate and pay the benefit according to the limited information they may have.

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