Annuities provide regular, normally monthly, payments to pensioners for the rest of their lives. The payments can either remain level or be increased annually. The increase is linked to either inflation or the performance of the underlying investment return.

To cater for the different needs of investors, we offer the following products:

• The Complete Picture Pension
• Provider Pensions
• Inflation-linked Pensions
• Guaranteed Escalation Annuities

and Services:

• Ennuity - Online Quotations
  An unique and innovative online quotation programme, E-nnuity (a South African web-based first), allows for instant retirement planning quotations. It enables financial advisors to provide retirement fund members with multiple quotations literally at the "push of a button". The quotations are based on real-time values from across the range of annuity products that Sanlam Employee Benefits offer.
  
  Using E-nnuity, financial advisors are able to instantly show their clients the exact pension amount they will receive or alternatively, the cost of the annuity for each annuity product they have chosen. They will also be able to demonstrate the variance in value as optional benefits, such as a guarantee payment period, are added. Clients can compare annuity quotes and immediately choose the most suitable option for their needs.
  
  E-nnuity has significant benefits for financial advisors. From one aspect, instantaneous quotations serve to enhance a financial advisor's professionalism. It involves less paperwork and saves time and effort, substantially driving down the cost of generating business.
  
  To access E-nnuity anywhere and at any time, FAIS-accredited financial advisors simply require web connectivity - no additional software is needed. E-nnuity is menu-driven and is designed to be user-friendly.
  
  To log in to E-nnuity, click here.
  
  
  

The Complete Picture Pension

The Complete Picture Pension tracks both the ALSI 40 and ALBI with a 50/50 share in equities and bonds.

Pension increases are based on a rolling average of 5 years of returns with a guarantee that pensioners will never receive less than a 0% increase. Positive returns after fees and PRI immediately translate into an increase and aren’t used to fund any deficit.

There are no penalties (e.g. unexpected pensioner longevity), no rule changes, no terms and conditions and there is no fine print.

Instead there is a totally transparent, easy-to-understand formula, based on indices published daily in the press.

For more information click here.

Provider Pensions

Provider pensions guarantees to pay out the current level of pensions plus increases over the remaining lifespan of pensioners. This is a variation of traditional with-profit annuities. This product is aimed at retirement funds wishing to outsource their pensions as well as individuals retiring.

For more information click here.

Inflation-linked Pensions

The inflation-linked pension provides increases linked to inflation for the remainder of pensioners’ lives.

For more information click here.

Guaranteed Escalation Annuities

Guaranteed Escalation annuities provide fixed rate increases (or level annuities) over the remainder of pensioners’ lives.

For more information click here.