Retirement Fund Web

The Retirement Fund Web provides our employers and members with state-of-the-art retirement fund administration processes and member communication tools via the Internet. 

How does it work?

The web facility allows participating employers and members access to information regarding their retirement fund benefits.  This facility enables employers to streamline the administration of their retirement fund considerably, eliminating tedious volumes of paperwork and assisting them with providing updated information to the Administrator.

A pin code for each user will ensure the confidentiality and security of member information.

The following levels of access are available:
 

Administrator:	Full access to all member records of a specific Sub-fund or branch, with the ability to do transactions to all or limited members
Viewer:	Limited access to all or limited members of a specific Sub-fund without transaction capabilities
Member access:	Access for each member is available to view personal information, and to request specific personal data changes or investment switches

   

 

Functionalities available

• View up-to-date, abbreviated, member benefit statements

• View member information

• Enter new members on the Fund

• Exit members from the Fund on withdrawal or retirement

• Submit death claim information

• Execute individual investment choices

• Change member information

• Enter details related to temporary absence

• View all payments made for members

• Trace all transactions on a history log/audit trail

• View monthly reports relating to member data

• View documentation relating to the Fund, i.e. rules and policies

• Electronic communication

• Upload monthly member data

• A retirement benefit calculator demonstrating expected benefits at normal retirement date in nominal and real terms, as well as an expected shortfall at this date.   It also demonstrates the effects on these values if a member wishes to retire earlier or invest additional money in the Fund

• Information on investment portfolios

• Useful links to investment sites, SARS and the FSB

Communication via the Internet 

The trustees and sponsor make use of the Retirement Fund Web facility as a communication tool between the Fund and members, participating employers and their consultants. Electronic communication via the web, together with state-of-the-art data management and report-writing tools, is a very useful mechanism to enhance communication and the flow of information between the various stakeholders in the Fund.

For more information, visit www.RetirementFundWeb.com