An umbrella fund is a retirement fund which multiple and unrelated employers may join as opposed to a single fund established for one employer only (i.e. a stand-alone fund). Aside from the retirement savings element, insured benefits can be included as part of the package.
SEB provides an umbrella fund solution through our Salt EB Umbrella Pension Fund and Salt EB Umbrella Provident Fund.
Our Umbrella Funds are governed by Boards of independent professional trustees. This has the advantage that professionals are accountable for ensuring the umbrella fund’s governance complies with all legislation.
Our umbrella fund solutions provides a structure for employers to offer their employees a flexible retirement savings and insured benefits package.