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Your fund

The suite of Corporate Selection umbrella funds together represents the largest umbrella fund by participating employers in South Africa. 

Three funds make up the Corporate Selection umbrella fund suite:

  • The Corporate Selection umbrella pension fund (Reg. no. 12/8/36006).

  • The Corporate Selection umbrella retirement fund (Reg. no. 12/8/27024).

  • The Corporate Selection umbrella retirement fund No 2 (Reg. no 12/8/36438).

 Together they are referred to as the Corporate Selection umbrella fund. The trustees are responsible for the governance of all three funds.


What is an umbrella fund?
An umbrella pension or provident fund is a single fund, established and managed by a retirement fund administrator, to which any employer or group of employers can apply for membership as a participating employer.

One advantage of an umbrella fund is that the employer joins a fund which is already registered and approved and has an established board of trustees. Also, no general rules need to be drawn up for each employer, as a master set of rules already exists, which governs all participating employers. Variations applicable to each participating employer known as Special Rules are registered and approved for each participating employer.


Frequently asked questions

How are the funds managed?

  • Your fund takes policies of insurance which are a contract between the fund and the insurer and the policies are used to provide benefits to members according to the fund rules. Although members choose the policies, they are owned by the fund and not the members. Members pay contributions to the fund that pays premiums to the insurer that will pay members the benefit at retirement death or withdrawal.

How the funds are governed?

  • Funds must be registered and approved by the Financial Sector Conduct Authority (FSCA) and South African Revenue Services (SARS) respectively. Funds must be managed according to the Pension Funds Act 1956 as amended and other relevant Acts, including Long Term Insurance Act, Divorce Act, Income Tax Act, and Maintenance  Act and so on. All registered funds must have registered rules. The FSCA issues practice notes that guide trustees how to govern the funds but these also clarify how the Registrar of Pension interpret new legislation.


Complaints procedure
Complaints or comments should be directed in writing to:

The Complaints Resolution Manager

Liberty Corporate
P O Box 2094, Johannesburg, 2000
Tel: 011 408 2771
Fax: 011 408 4440

Alternatively, complaints may be directed in writing to:

The Liberty Internal Adjudicator
P O Box 10499, Johannesburg, 2000
Fax: 011 408 3157

If your complaint is not resolved to your satisfaction by Liberty, you may contact one of the legislative bodies that have been tasked to look after your interests as a customer.

For fund complaints:

The Pension Funds Adjudicator
P O Box 580, Menlyn, 0063
Tel: 012 346 1738
Fax: 086 693 7472

For complaints regarding a Financial adviser:

FAIS Ombud
P O Box 74571, Lynnwood Ridge, 0040
Tel: 012 470 9080
Fax: 012 348 3447

Ombudsman for long term insurance

The Honourable Mr Justice RP McLaren
Private Bag X45, Claremont, 7735
Tel: 021 657 5000
Sharecall: 0860 10 3236; 021 674 0951


Liberty Group Limited (Reg. no 1957/002788/06) is a licensed Insurer and an Authorised Financial Services Provider (no 2409).