Sanlam Lifestage provides members with a holistic investment solution that remains suitable throughout their retirement journey, to ensure a smooth transition from employment to retirement. Placing emphasis on long-term capital growth, Sanlam Lifestage initially provides a growth-focused accumulation portfolio.
Saving for retirement involves some of the biggest decisions members will ever have to make in their lifetime. However very few realise how great an impact their decisions of today will have on their ability to retire comfortably.
Generally speaking, most people don’t take the time to ensure that they make the right decisions at the right stages of their lives. By the time they realise the importance of investing sensibly for retirement, it is often too late.
In terms of the Sanlam Lifestage approach:
When a member is still more than six years away from their normal retirement or planned retirement age, their funds are invested in the Sanlam Lifestage Accumulation Portfolio, which aims to achieve capital growth.
Once the member is six years from retirement, they are gradually switched from the Sanlam Lifestage Accumulation Portfolio to his or her selected preservation portfolio. The process involves 50 monthly switches, which is completed 22 months before retirement, when the member is fully invested in their chosen preservation portfolio.
Download the Sanlam Lifestage Fact Sheet
Six years before retirement, members are required to select one of the Sanlam Lifestage preservation portfolios. This is an incredibly important decision, as it impacts the member’s ability to generate post-retirement income. It’s therefore essential that members consult a licensed financial adviser at this stage of the retirement journey, in order to make an informed decision.
All funds invested in Sanlam Lifestage Accumulation Portfolio are charged the highest investment management fee applicable to the first tranche of assets. Any savings in funds with assets greater than R50 million are rebated separately on a monthly basis, due to the sliding investment management fee scale.
In addition to the service fee, Sanlam (including Sanlam Multi Manager International) may mandate any asset manager on a performance fee basis. This may result in additional fees, but only if the underlying Sanlam appointed asset manager outperforms their performance benchmarks. These performance fees are not included in the monthly service fee as mentioned above.
Danie van Zyl
Sanlam Employee Benefits Investments: Head of Guaranteed Investments
T: +27 21 950 2853 E: firstname.lastname@example.org