Fund Details
Name of fund
Verso Umbrella Retirement Provident Fund
Date Started
November 1, 2004
Financial year end
30 June
Head Office
Belmont Office Park, Twist Street, Bellville
Fund Sponsor
Verso Benefits Administrator (Pty) Ltd
Administrator
Verso Benefits Administrator (Pty) Ltd
Constitution of Board of Trustees
The fund has four trustees, two of whom are independent (one of whom serves as the chairperson) and two are appointed by the sponsor. In addition, the fund has an alternate sponsor appointed trustee.
Name of Principal Officer
Michelle de Jager
Number of participating employers
111
Number of members
9 900
Value of total assets
R2.4 billion
Default investment strategy
Each Management Committee (Manco) / Employer may elect one or more default investment portfolios (max. 4). A cash protection portfolio option can be utilised by members close to retirement.
The fund provides a Life-Stage model which switches members into lower risk portfolios as they approach retirement age.
The fund provides a Life-Stage model which switches members into lower risk portfolios as they approach retirement age.
List of investment portfolios
Momentum (MOM) Enhanced Factor 7
AlexForbes Investments Performer
AlexForbes Investments Shari'ah High Growth
Vunani BCI Multi-Asset Fund
Sygnia Signature 70
Sygnia Skeleton 70
Sygnia Skeleton 60
AlexForbes Investments Defender Plus
Sygnia Signature 50
Vunani BCI Bond Fund
Sanlam Stable Bonus
Sanlam Monthly Bonus
Momentum (MOM) Enhanced Factor 4
AlexForbes Investments Banker
AlexForbes Investments Performer
AlexForbes Investments Shari'ah High Growth
Vunani BCI Multi-Asset Fund
Sygnia Signature 70
Sygnia Skeleton 70
Sygnia Skeleton 60
AlexForbes Investments Defender Plus
Sygnia Signature 50
Vunani BCI Bond Fund
Sanlam Stable Bonus
Sanlam Monthly Bonus
Momentum (MOM) Enhanced Factor 4
AlexForbes Investments Banker
List of insurers available
The fund does not restrict the available insurers. The insurer must be properly licensed to provide the relevant insurance products.
Can a participating employer use an external consultant at no additional fees?
Yes
Email
Contact No
087 330 2001 (Suzaan Hamman)