Office Staff

The Pension Funds Second Amendment Act, 2001 (the Act) requires all pension funds to allocate any surplus on a basis as set out in the Act. The surplus apportionment date of the above-mentioned fund is 1 April 2003.

The surplus apportionment scheme only applies to the penion fund of Sanlam's own staff members and not to any other fund which is administered by Sanlam and/or which has their investments managed by Sanlam

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