Established in 1989 and managed by a professional, fully independent, Board of Trustees the Unicover Umbrella Retirement Funds provide a unique and customised platform for employers to offer their employees retirement savings benefits.
You have the choice of a Pension, or a Provident, Fund both of which are registered by the Financial Sector Conduct Authority and approved by the South African Revenue Services (SARS).
What sets us apart, from our opposition, is the complete flexibility with which we structure your fund. We consider the retirement needs of every Employer when tailoring a plan for them.
The Unicover Retirement Funds are administered, and backed, by The Evolution Group’s dynamic and professional team with many years of experience in the retirement fund industry. They deliver a friendly and efficient service with industry leading turn-around times.
Unlike many umbrella funds the Unicover Pension and Provident Funds are completely independent of any insurance company or asset management house. Participating employers are therefore given total freedom to select preferred providers in terms of investment management and risk benefit underwriting. Evolution, through its numerous provider relationships, has been able to negotiate extremely competitive rates on behalf of the fund for both of these essential services. All savings are passed on directly to participating employers and their members thus ensuring that retirement funding is maximised.
The fund has a proven track record of stability and service excellence.
Another major advantage we have, over other umbrella fund arrangements in the industry, is that the employer deals directly with one dedicated administrator regarding all fund related activities. Your queries are therefore answered with one phone call or e-mail.
Evolution Corporate Benefits, founded in 1997, is an independently owned organisation who provide clients with a range of specialised financial services.
Primary focus areas include Corporate Retirement Fund Solutions, Group Medical Aid Consulting and Personal Financial Planning.
The use of a diverse range of proven strategies, as well as innovative solutions, are delivered in a manner that is easy to understand and simple to implement.
Qualified personnel, who have years of experience in the retirement fund industry, strive to provide clients with service on a personalised yet highly professional basis. They believe in long-term client relationships and therefore honesty and integrity are important cornerstones in all business dealings.
A Financial Sector Conduct Authority approved Section 13B Retirement Fund Administrator with offices in both Johannesburg and Cape Town means they are ideally positioned to service clients with a national footprint.
To find out more about Evolution Corporate Benefits please click here
An umbrella fund is a retirement fund which can be either a pension or provident fund. Umbrella funds are generally created for the benefit of the employees of different employers who have no relationship with one another. Companies who join these umbrella funds on behalf of their employees are called participating employers.
Umbrella funds can only be administered by professional administrators who are registered with, and approved by, the Financial Sector Conduct Authority.
Although each participating employer, along with their employees, enjoys the economies of scale and benefits of a large fund each employer and their respective members are effectively administered on an individual basis.