1. OLD MUTUAL SUPERFUND

2. Old Mutual SuperFund Pension and Provident Funds
Risk
Underwriters
(Old Mutual)
Old Mutual SuperFund Pension and Provident Funds
Board of Trustees
Administrator
Investment Managers
Participating
Employer
Special Rules
Master Rules

3. WHY AN OLD MUTUAL UMBRELLA FUND?
Solid track record that’s been proven in the market
Old Mutual smoothed bonus investments
Backed by the strength of Old Mutual with its commitment to service excellence
Ability to use experience to create simple, but excellent solutions
National footprint
The bottom line?
Old Mutual has been doing this for a long time.
We’ve learned the lessons and we know what we’re doing which means you reap the benefits.

4. Advanced Governance Funds are audited annually
Valuations as required by regulators
Each sub-fund (participating employer) is separately accounted for
More than half of the board members are independent from Old Mutual
Old Mutual’s role is clearly defined in the Rules of the Fund
Service providers may be replaced by the board members if so desired
In addition to the management board, good member representation can be facilitated through member committees
The Old Mutual SuperFund Retirement Funds surpass the current FSB guidelines for umbrella funds

5. A SOLUTION FOR EVERYONE Comprehensive Product Range
Minimum
Requirement
Benefits
Minimum 100 members
OR minimum API R100k pm
AND minimum R10m assets
Flexible Benefits
Employer Specific
Investment Strategy
Member Investment
Choice
Tailor-made
Comprehensive
Core Benefits
Limited Choices
Minimum 50 members
OR minimum API R50k pm
Minimum 10 members
Minimum 5 members
EVERGREEN INVESTMENT ADVICE
Maximum Employer Flexibility
EVERGREEN
Member
Choice
ORION
Employer
Defined
Package
PROTEKTOR PRESERVATION FUNDS
EASY
BENEFIT
PLAN
UNCLAIMED BENEFITS FUND
Simple
Package

6. OLD MUTUAL SUPERFUND EASY BENEFIT PLAN

7. What is the Old Mutual Easy Benefit Plan?
Standard benefits
Generic quotation (no need for member data because all contribution rates, benefits and costs pre-determined)
No upfront underwriting
One smoothed bonus investment portfolio
Defined Contribution Umbrella Provident Fund
Defined employer contribution, employee make voluntary contribution
Umbrella Risk Arrangement
Insured benefits are pre- determined and pre-priced
Family Funeral Benefit
Umbrella Risk Arrangement: includes death and disability benefits
Standard benefits: includes retirement and risk benefits with no complex choices
Smooth bonus: Absolute Stable Growth; similar to Orion and the Evergreen Low Choice Package

8. Contributions and Premiums
Employer (% of salary)
Retirement Savings: 5.2%
Insurance: 2.5%
Scheme expenses: 0.8%
Total: 8.5%
May make additional voluntary contributions (any amounts)
Fee of R21 per member per month (deducted from savings account)
Employee
0% of salary
May make additional voluntary contributions (any amounts)

9. Insured Benefits - Death
Type of Benefit
Cover
Special Conditions
Legal vehicle
Life Cover
Age<50: 1.2 x actual retirement funding income over last 12 months; Maximum of R
Age>50: 0.8 x actual retirement funding income over last 12 months; Maximum of R
6-months exclusion for natural death
Retirement Fund
(approved)
Family Cover
R5000: Employee, spouse, child aged <20 and >14
R2500: Child aged <14 and >6.
R1000: Child aged <6 (includes stillborn).
Insurance policy outside the Retirement Fund
(unapproved)

10. Insured Benefits – Injury and Incapacity
Type of Benefit
Cover
Special Conditions
Legal vehicle
Lump Sum
Age<50: 1.2 x actual retirement funding income over last 12 months; Maximum of R
Age>50: 0.8 x actual retirement funding income over last 12 months; Maximum of R
6-month waiting period
Pre-existing conditions excluded (24/24)
Retirement Fund
(approved)
Temporary Income Replacement
75% actual retirement funding income over last 12 months; Maximum of R per month.
Payable for a maximum of 5 months in any 24 month period.
1-month waiting period
Pre-existing conditions excluded (6/12)
Insurance policy outside the Retirement Fund
(unapproved)

11. Pre-requisites for participation
Internet &
Negotiation with staff and change to employment contracts
80% of permanent staff participate upfront (minimum of 5 at commencement)
100% of all new eligible employees must participate

12. OLD MUTUAL SUPERFUND ORION

13. Orion
A suite of building blocks to create an employee benefits solution for small and medium enterprises.
No member choice.
Limited selection of investment options:
Absolute Stable Growth Portfolio (80% guarantee) (DEFAULT)
SYmmETRY Aggressive, Balanced, Conservative and Islamic Funds
Selected by employer per member category
Can combine Absolute Stable Growth Portfolio and a Symmetry Fund
Comprehensive, competitively priced group risk benefit options
All costs charged as % of salary
All combinations of inclusive and exclusive contribution structures available
Housing sureties allowed

14. Orion Group Life Assurance Benefit
Group Life Assurance Benefits
(Defined Benefit)
Cover to continue (Compulsory with GLA & Disability Income in within one member group)
Lump sum on death of member
Multiple of salary (max 10 x annual salary or R35 mil) OR
Fixed rand amount (flat cover)
Lump sum in addition to Group Life Assurance benefit provided on accidental death
Accident Death Benefits:
Not offered without Group Life Assurance
Maximum 100% of Group Life Assurance OR
5 x annual salary
Conversion option
Cover to Continue: Compulsory with GLA & Disability Income within one member group

15. Family Funeral Benefit
Life Covered
Maximum cover
Main member
R60 000
Spouse
R18 000
Dependent child >14
Dependent child 6-13
R12 000
Dependent child 0-5
R6 000
Still born child
R3 000

16. Disability Benefits
Disability Income Benefits
Provide an income upon disability,
paid until normal retirement date, recovery or death – whichever occurs first.
Additional benefits offered:
Employer waiver
Conversion option
Escalation
Lump Sum Disability Benefits
Lump sum provided on total and permanent disablement of member.
Group Life benefits required
Annuity in respect of Pension Fund
Maximum = lesser of GLA benefit, 5 x Annual Salary or R5 million
Options:
- Own and Similar Occupation
- Any Occupation

17. Expenses and Fees Expenses and fees Scheme Administration Fee
Participating Employer per month:
R400 (incl VAT) using Direct Debit
R600 (incl VAT) not using Direct Debit
These fees combine into a single % of salary included with contributions
Member
Administration Fee
R21 (incl VAT) per member per month deducted from contributions
Fund Expense Fee
R4.50 per member per month (included in R21 above)
Advice Fee
LOA commission scale used
Investment fees (Absolute Stable Growth Portfolio)
Currently 0.65% pa investment fee PLUS 0.70% pa capital charge

18. Summary of participation requirements
Minimum of 10 members
If insured disability benefits selected, all members must be covered.
If Family benefits selected, all members must be covered.
If GLA benefits selected:
All members must be covered and
Minimum of 10 members per defined benefit level (multiple or fixed amount)*
* For a scheme with at least 50 members or R total monthly contributions, this requirement will be waived only for an executive/senior management group with less than 10 members

19. OLD MUTUAL SUPERFUND EVERGREEN

20. Evergreen
A solution geared for larger employers or employers with more diverse workforce requirements
Member level investment choice
Servicing geared to larger employers with no intermediary payroll admin involvement
Defined Contribution only
Pension or Provident Fund
Inclusive (total contribution rates decided – retirement contribution rates are balance after costs/premiums) or exclusive (retirement contribution rates decided – total contribution rates are sum of retirement contribution rates and costs/premiums) employer contribution basis
Open architecture risk benefits
Education seminars delivered to members
Housing sureties allowed

21. Risk Benefits Offering more options Any Licensed Life Insurer
Enable different benefit levels/different underwriting conditions
Defined Benefit or Defined Contribution risk benefits
Negotiated underwriting conditions acceptable to participating employers, members and trustees
Advantages of Old Mutual insurance
Managed disability product
Funeral support service (transport of mortal remains, etc.)

22. Structured Member Choice 3 Package Options – Pay for what you use
LOW CHOICE
(DEFAULT)
MANAGED CHOICE
FLEXIBLE CHOICE
Contribution choice Structured investment choice Annual statements
Quarterly investment statements
Smoothed Bonus Lifestage
Islamic Fund
Contribution choice Flexible investment choice Annual Statements
Quarterly investment statements
Smoothed Bonus Lifestage Flexible investment choice
Contribution choice No investment choice Annual statements
Smoothed Bonus

23. Investment Portfolios
LOW CHOICE
MANAGED CHOICE
FLEXIBLE CHOICE
DEFAULT
Coregrowth
Absolute Stable Growth
Coregrowth
Absolute Stable Growth
Absolute Stable Growth
SYmmETRY
ForLife - Aggressive ForLife - Stable ForLife - Defensive
SYmmETRY
ForLife - Aggressive ForLife - Stable ForLife - Defensive
Life stage
SYmmETRY
Islamic Fund
SYmmETRY
Aggressive
Balanced CPIX + 5
Islamic Fund
Inv Solns Conserver
Performer
62.5% Equity
Multi-managers
OMIGSA Money Market Community Growth Gilt
Gilt
Absolute Return
Profile Pinnacle
Profile Balanced
Profile Stable Growth
Allan Gray Domestic Balanced Domestic Stable
Global Balanced
Global Stable
Fraters Real Income
Coronation Global Absolute
Houseview Managed Portfolio II
Investec Managed Opportunity Income
Prudential Inflation Plus
Allan Gray closed for new selections
Single Asset
Managers

24. SYmmETRY Forlife
Three options to cater for different risk requirements during the early years:
Aggressive, Stable (CPI+7%) and Defensive (CPI+5%)
Automatic switch to a horizon portfolio as the member’s retirement approaches
The horizon portfolio is then progressively rebalanced to match the target outcome – smooth and managed transition to retirement
Selection end-point targeted outcomes to match either cash, bonds or a living annuity (equity) portfolio
Switching between any of the 3 ForLife options can happen at any time of the year

25. Only one automatic switch here
SYmmETRY ForLife
Pre - Horizon
Horizon 18 57 65
High equity portfolio
2027
Multi managed portfolio with a capital accumulation objective designed to build a retirement nest egg
Three options to choose from:
Aggressive
Stable
Defensive
Member transits to more conservative asset classes in the 8 years before retirement
Asset allocation mirrors the required post retirement assets
Only one automatic switch here

26. SYmmETRY ForLife

27. Investment Performance
The Fund investment consultant produces quarterly performance reports.

28. Investment Performance
The Fund investment consultant produces quarterly performance reports.

29. Expenses and Fees
Expenses and fees
Scheme Administration Fee
R1 000 (incl VAT) per participating employer per month – Pay via direct debit (automated collection)
R1 500 (incl VAT) per participating employer per month – Do not pay via Direct debit
Member Administration Fee *
Low Choice
R21 (incl VAT) per member per month deducted from contributions
Managed Choice
R37 (incl VAT) per member per month deducted from contributions
Flexible Choice
R63 (incl VAT) per member per month deducted from contributions
Advice/Service/ Consulting
Fee
% of contribution or flat %
Negotiable from zero to max of LOA commission scale amount
Investment fees (Absolute Stable Growth Portfolio)
Currently 0.65% pa investment fee % pa capital charge
Switch Fee
There is NO FEE for changing Package options or switching assets amongst the investment portfolios
* Member Administration Fee includes the Fund Expense Fee of R4.50 per member per month

30. Service
Separate SLA for each participating employer (Participating employer, Fund and Administrator),
Dedicated member service centre
Education for new Evergreen members
Take-on management and section 14 costs included in standard charge
Range of options to cater to differing investment needs
Broker services and employer reporting
Payroll administrator training
Online contribution data collection and validation
Easy access to member records
Member communication – including member guides
Member web access

31. Internet – www.oldmutual.co.za/evergreen

32. Take-on Process Tender Take-on Member Education Access an Adviser
Finalise application documents
Data collection
Employer training
Special rules
Section 14 transfer
Member Education
Access an Adviser
Member presentations
Distribute member packs
Access to individual FAIS-compliant financial advisers

33. Helping Members make good decisions
Evergreen offers member level choices - and support to make the RIGHT choices
Easily contact a personal adviser
Seminar-based Financial education
Solved within the product
Decision tools
Evergreen Information

34. OLD MUTUAL SUPERFUND EVERGREEN INVESTMENT ADVICE

35. Evergreen Investment Advice
Investment Advice at participating employer level
The employer, with assistance from investment consultant, tailors the investment options to the needs of its employees
A solution geared for larger employers
Accredited investment consultants include OMAC , Symmetry and acsis

36. Conditions for participation
If a participating employer selects the Evergreen Investment Advice Option, then the Evergreen standard ‘no-advice’ options (Low, Managed and Flexible Choice Options) will not be available to members.
The Evergreen Investment Advice option can only be selected by an employer and not by individual members. 
Ongoing advice: Once the option is selected the employer group will receive initial and ongoing investment advice.
Members cannot opt-out: Members in a category where this option has been selected will not be able to opt out.
Employer and adviser assume liability: The employer and adviser will assume contractual liabilities in respect of the investments selected.
Minimum membership/contributions: A scheme must have a minimum of 50 members or monthly contributions of at least R

37. Expenses and Fees Scheme Administration Fee
R1 000 (incl VAT) per participating employer per month charged as % of salary
Member Administration Fee
Investment Advice Option
R40 (incl VAT) per member per month deducted from contributions
Fund Expense Fee
The R40 admin fee above includes a R4.50 per member per month
Advice Fee (intermediary/service)
Investment Consulting Fee
LOA scale or % of salaries
% of assets up to 0.5% excl VAT
(or up to 0.57% incl VAT) of the assets per annum
Switch Fee
None

38. Evergreen Investments
New Evergreen Investment Advice product in SuperFund
Existing Evergreen MLIC product option in SuperFund
Member Choice
Group Choice with member control
Low Choice
R21pmpm
Managed Choice
R37pmpm
Flexible Choice
R63pmpm
Group Investment Advice
R40 pmpm
Advice fee up to 0.5% (excl VAT) of
assets p.a.
OM Corporate receives 30% of this.

39. OLD MUTUAL SUPERFUND Value Adds

40. SUPERFUND ADDING VALUE A range of extra member benefits
AT NO ADDITIONAL COST IF GLA AND/OR FAMILY BENEFITS INSURED WITH OLD MUTUAL: Funeral Support Service
Transport of mortal remains from anywhere to any destination in South Africa
Family assistance with funeral arrangements
AT NO ADDITIONAL COST IF DISABILITY BENEFITS INSURED WITH OLD MUTUAL: Disability CareLine
AT NO ADDITIONAL COST IF INSURED BENEFITS WITH OLD MUTUAL: Travelling Nurses – a great new initiative designed to take the hassle out of underwriting
AT NO ADDITIONAL COST FOR SELECTED CLIENTS: Financial Wellbeing Program – a solution for employees providing:
Financial Education – for ALL levels of staff
Access to Advice – for ALL levels of staff

41. Communication
Electronic newsletters ed to intermediaries, employers and members
Trustee newsletters to members
Internet site with information for members, employers and intermediaries ( ( ( (
Secure payroll web for submission of payroll data
Secure web access for members to see values and information (Evergreen)

42. THANK YOU
“The future depends on what we do with the present.”