Liberty Corporate is committed to providing our clients with a holistic range of employee benefit solutions.

The following business-related and value-added services are offered through an external professional service provider to members, their spouses and dependants under the age of 21:

• Emergency medical information, advice and referral hotline

• Emergency ambulance service

• Legal advice

• Trauma assistance helpline
  
  These value-added services are free and available 24 hours per day, 365 days per year, in the member's language of choice.
  
  Value added services
  
  Value added service payslip Afrikaans
  
  Value added services payslip English
  
  Value added services payslip Sotho
  
  Value added services payslip Zulu
  
  The above services are facilitated through Liberty Corporate but provided by Cims South Africa (Pty) Ltd.

Liber8 Smart's operating expenses comprise four main types of fees or charges:

• Administration fees associated with member and employer administration

• Sales-related charges levied to cover the cost of establishing the employer's participation in the retirement fund, including commission

• Governance levies and statutory levies associated with ensuring governance and compliance with statutory requirements

• Investment management fees levied by asset managers for investment services rendered

All Liber8 Smart contributions are invested in our innovative life stage solution, Liberty Life Stage. 

This solution has a growth phase and a preservation phase. The growth phase uses the Liberty stable growth fund, which provides exposure to high growth-focused investments for as long as possible in order to maximise the long-term growth in their retirement assets. Thereafter, the preservation phase uses the Secure Fund, which focuses on capital protection as members approach retirement.

This offers the advantages of two distinct investment goals: stable returns in the short term and attractive growth over the medium to long term.

Stable Growth

This portfolio's investment mandate aims to provide high exposure to growth assets, whilst maintaining a major focus on minimising the impact of downside market movements on the employee's investment return. It achieves this objective through the following features:

• A passive balanced mandate

• Actively managed layer focused on capital preservation

• Smoothing overlay to reduce volatility

• A targeted benchmark, CPI +5% per annum over rolling three-year periods, gross of fees

Secure Fund

This portfolio offers members exposure to smoothed equities and bonds, unlisted property, cash and listed property. The smoothing of equities helps ensure exposure to the expected medium- to long-term growth, inherent in equities, whilst offering stable returns in the short term. The fund is also exposed to the attractive expected long-term growth of unlisted property, with the inherent short-term stability. The cash and bonds in the fund also aid in giving stability to the short-term returns.

Liber8 Smart has eliminated the complexity of selecting the appropriate mix of cover for your employees.

It offers employees guaranteed, age-related primary cover, free of medical underwriting, at a fixed rate of payroll.

Death and lump sum disability benefit

If a member should die before retirement age, his or her beneficiaries will be paid a lump-sum benefit.

A capital disability benefit is payable as a lump sum when a member becomes disabled. 

The above cover is age-related and decreases as the member ages and his or her financial burdens decrease.

Family Funeral Benefit

The days following bereavement are very often the most trying for a family. The family funeral benefit provides a lump sum on the death of the member and/or his or her immediate family (spouse/s and children). This helps the family deal with urgent costs associated with funeral expenses.

This benefit includes body repatriation facilitation (within certain territories) and additional funeral-related services, including legal advice as well as bereavement and trauma counselling.