• Collecting and reconciling member and employer contributions;
  • Processing member and employer contributions;
  • Paying risk insurance premiums and service provider fees;
  • Investing net contributions according to individual member investment choices;
  • Processing investment switches of individual members;
  • Processing life stages investment switches and the rebalancing of investment portfolios;
  • Processing benefit payments of members leaving employment and exiting the funds;
  • Processing group life insurance and disability claims from insurers;
  • Getting tax directives and paying taxes and members’ net benefits;
  • Compiling and submitting tax returns to SARS;
  • Reconciling bank accounts and investment accounts;
  • Processing accounting transactions of all financial transactions;
  • Preparing comprehensive financial statements in accordance with legislative requirements;
  • Coordinating annual financial audits of independent auditors;
  • Presenting financial statements to trustees and getting their approvals;
  • Submitting annual financial statements to the authorities;
  • Monitoring investments against SARB and Regulation 28 requirements;
  • Submitting investment reports to SARB;
  • Submitting Regulation 28 breaches to the authorities;
  • Performing detailed asset and liability reconciliations at member, portfolio and fund levels;
  • Providing data extracts for annual actuarial valuations;
  • Providing on-line member access to their benefits, cash flows and investments information;
  • Providing annual member benefit statements and fund information;
  • Preparing quarterly administration and management reports;
  • Attending management committee and trustee meetings;
  • Liaising with trustees, employers, authorities and service providers;
  • Drafting and registering Fund Rules, Special Rules and Rule Amendments;
  • Managing and processing Section 14 fund transfers; and
  • Assisting with registrations of solutions administered by Global.

  • Independent standalone pension and provident funds
  • Independent and insured umbrella pension and provident funds
  • Participating employers to umbrella funds
  • Unclaimed benefits pension and provident funds
  • Approved or unapproved risk insurance schemes
  • Clients with bespoke product solution requirements (through our independent umbrella funds)