Advocate Matome Thulare – CEO of Salt Employee Benefits
Salt Employee Benefits (EB) has emphasised that it is not connected in any way to Salt Asset Management, and that it is business as usual at the company as it continues to deliver the top-quality service its clients expect in complete compliance with all relevant financial regulations.
This follows recent developments regarding Salt Asset Management and the removal of its Financial Services Provider (FSP) license. Understanding the potential confusion that has arisen due to the similar names, the Chief Executive Officer of Salt EB, Matome Thulare, confirms that there is no business relationship, financial association, or common ownership between the two entities, and that they are totally independent of each other.
“Salt EB is fortunate to enjoy a strong name in the industry based on our 70-year track record of sound administration, impeccable ethical conduct, and service excellence,” he says.
“However, our clients’ trust and confidence are of the utmost importance to us, and we sincerely apologise for any worry that this confusion may have caused. We would like to reassure all stakeholders that our FSP license remains in good standing and that we will continue to safeguard the hard-earned savings of our retirement fund members with a high duty of care.”
Salt EB provides intelligent employee benefits solutions to retirement funds that leverage innovation and advanced technology. In addition to retirement fund administration, it offers comprehensive consulting services for retirement funds, trustee training, member education and communication, personal financial advice services, client servicing solutions for beneficiary funds, and legal and compliance services.
Founded in 1953, it has continued to grow from strength to strength, and today is responsible for administering retirement funds for over 620,000 members. Salt EB has further developed a reputation for taking over poorly administered retirement funds and raising their administration and compliance standards, ensuring that all funds and their trustees fulfil their statutory and fiduciary duties.
“We are proud to have a highly committed and professional team that is dedicated to acting in the best interests of retirement fund members and beneficiaries. Our clients trust us to protect their interests and financial futures, and we take this responsibility very seriously, which is why transparency, integrity, and excellence remain the pillars of our culture.”
ENDS
