Corporate Selection Umbrella Fund
The Corporate Selection Suite Umbrella Funds (CSUF) offers both pension and provident funds that are structured as defined contribution funds. The Funds are commercial Defined Contribution Type A umbrella funds and are required to comply with all aspects of the Pension Funds Act of 1956, as amended from time to time.
The purpose of the Funds is to facilitate members' retirement savings and the prudent management of members' retirement benefits, with the aim of providing members with a reasonable income replacement at retirement. This aim is dependent on various assumptions, such as the preservation of benefits, contribution rate, and investment time horizon.
The Corporate Selection Umbrella Funds Trustees invite members and participating employers to engage with our website to access the latest Trustee newsletters, industry articles, fund information and documents.
Liberty Corporate Unclaimed Benefits
The fund is for all members who left but have unclaimed benefits with Liberty, which has different trustees, principal office, reports and communication.
Rule AmendmentsRule Amendment 1
- 2021 Trustees Annual Report
- 2020 Trustees Annual Report
- 2019 Trustees Annual Report
- 2018 Trustees Annual Report
- 2017 Trustees Annual Report
- Liberty Corporate Unclaimed Benefits Provident Preservation Fund Investment Policy
- Liberty Corporate Unclaimed Benefits Pension Preservation Fund Investment Policy
Lifestyle Retirement Annuity and Preservations Funds.
A retirement annuity fund is a scheme which is set up to provide retirement and death benefits to members of the public who voluntarily choose to become members and agree to pay regular contributions (or single once off payments) to finance these benefits.
A preservation fund serves the same purpose, but the fund does not receive contributions and receives translocation benefits. For example, a preservation fund may accept a payment transferred from an employer sponsored pension or provident fund which arise as a result of a person’s termination of service with that employer.
The Lifestyle Retirement Annuity and Preservation Funds suite includes a retirement annuity fund as well as both a preservation pension fund and a preservation provident fund.
These funds are registered with the Registrar of Pension Funds (the Financial Sector Conduct Authority), as shown below:
Fund Name Registration No.
- The Lifestyle Retirement Annuity Fund12/8/6776
- The Lifestyle Retirement Preserver Provident Fund 12/8/27975
- The Lifestyle Retirement Preserver Pension Fund 12/8/27974
Access to Information and Data Subject Participation Manual or PAIA (Section 51) manual
Two Pot Retirement System
National Treasury has proposed a new retirement savings system named the ‘Two-Pot Retirement System’. This system aims to allow any member of an employer pension/provident fund, a retirement annuity, or a preservation fund, to access a portion of their savings when needed, while helping to facilitate improved retirement savings outcomes.
The Two-Pot legislation is still in draft, with discussions currently underway between National Treasury and various industry bodies regarding many aspects of the regulation.
As draft legislation is subject to change, fundamental aspects of the Two-Pot Retirement Fund system may be amended in the final version.
The proposed implementation date for the Two-Pot Retirement System has been announced as 1 March 2024.
Liberty will endeavour to keep all its stakeholders informed of the latest updates, given the importance and impact of the new system on retirement savings and retirement outcomes.
The links below provide more information: