FNB Umbrella Retirement Fund
Help your employees save for a better future
Access a range of customisable investment and risk options including retirement savings, life, disability and funeral cover for your employees.
Access a range of customisable investment and risk options including retirement savings, life, disability and funeral cover for your employees.
The fund aims to achieve appropriate risk-adjusted long-term growth for members, maximising their savings at retirement.
You can select the fund's trustee-choice default portfolio or offer members a choice of investment portfolios.
Protect and grow contributions through excellent governance and efficient administration, backed by experienced financial advice.
You get more than a retirement fund.
With an FNB Umbrella Retirement Fund in place, you can offer potential employees a much more compelling package, helping you position your business as an employer of choice.
Because of the FNB banking ecosystem, we can offer your employees preferential rates on banking, loans and insurance, in addition to rewards and financial education. You receive a stronger employee benefits offering that will translate into more value for your company.
The Salary Replacement Ratio (SRR) measures how close a person's retirement income (pension) will be to their pre-retirement income (salary).
Our easy-to-use SRR calculator on the FNB App provides employees with guidance on whether they are on track towards achieving their retirement goals based on their current savings in the FNB Umbrella Retirement Fund.
Select the best option for your business
Provides a comprehensive pre-packaged solution which includes a retirement fund, life, disability and funeral cover.
Allows you to fully customise an employee benefits solution that suits both your needs and the needs of your employees.
Speak to your banker or advisor
for a quote
Our group risk benefits are designed to protect against the impact of unexpected life-changing events, such as death and disability, that could leave your employees and their families without an income.
We pay a lump sum benefit in the unfortunate event of the death of your employee, their spouse and children
We offer your employees cover if they become permanently or temporarily disabled and are unable to work.
We pay out a lump sum amount in the event of your employee's death.
We pay out a lump sum amount to your employees if they are diagnosed with a range of conditions.
The FNB Umbrella Retirement Fund is managed by a team of leading industry professionals with diverse expertise and qualifications. Through their strategic industry insight and experience they will guide and advise the fund every step of the way.
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.
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.
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).
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.
