< TENNANT ADMINISTRATION SERVICES

umbrella funds

Diversified umbrella retirement (provident) & pension funds are umbrella funds that have been in existence for more than 20 years. These funds are administered by Tennant Administration Services and offer a wide variety of risk and retirement solutions.

 
 
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who?

All employers who are serious about their employees’ financial well-being are encouraged to become participants in this exciting and rapidly growing set of funds.

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As an employer, you don’t need extensive knowledge of the retirement fund industry as there is an independent board of trustees who make decisions to the benefit the employer groups, as well as their members, and not the service providers.

Tennant Administration, a registered administration company established in 1990, employs highly skilled and experienced administrators to ensure that your Fund and its members are serviced with diligence and care. The highly dedicated administration team in charge of the day-to-day admin has collectively gained 25 years of experience in fund administration and fund accounting. The administration system, which is owned by Tennant Group, is fully integrated. This ensures that funds are invested timeously, and that financials are submitted within set deadlines and are fully compliant.


when?

There is no better time to start taking care of tomorrow, than today. With statistics showing that only 15% of South Africans are able to retire in a financially stable position, it is imperative that each person starts today.


why?

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  • Flexibility of contributions in accordance to the needs of the employer and its employees

  • Wide range of risk underwriters with benefits tailored to suit your needs

  • Selection of investment houses to ensure that each member of staff is invested in the portfolio that best suits their individual needs

  • In-fund housing loans

  • Reduced Fund operating costs

  • Skilled and experienced independent board of trustees

  • Tax deductibility of contributions in the hands of the members

  • Savings towards retirement to ensure members take care of tomorrow, today

  • Web access to each member showing their risk benefits and retirement savings values

 
 
 

who to contact?


HEAD OF ADMINISTRATION SERVICES

Desire Verkerk:
desire.verkerk@tennant.co.za

MANAGER OF UMBRELLA FUNDS

Marie Hattingh:
marie.hattingh@tennant.co.za

BROKER CONSULTANT

Melanie Niemann:
melanie.niemann@tennant.co.za


 
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