Corporate Selection Umbrella Fund

The Corporate Selection Suite Umbrella Funds (CSUF) offers both pension and provident funds that are structured as defined contribution funds. The Funds are commercial Defined Contribution Type A umbrella funds and are required to comply with all aspects of the Pension Funds Act of 1956, as amended from time to time.

The purpose of the Funds is to facilitate members' retirement savings and the prudent management of members' retirement benefits, with the aim of providing members with a reasonable income replacement at retirement. This aim is dependent on various assumptions, such as the preservation of benefits, contribution rate, and investment time horizon.

The Corporate Selection Umbrella Funds Trustees invite members and participating employers to engage with our website to access the latest Trustee newsletters, industry articles, fund information and documents.

Liberty Corporate Unclaimed Benefits

The fund is for all members who left but have unclaimed benefits with Liberty, which has different trustees, principal office, reports and communication.

Rules

Rule Amendments

Rule Amendment 1 Rule Amendment 2 Rule Amendment 3 Rule Amendment 4

Trustee Report

Policies

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FSB Website

Lifestyle Retirement Annuity and Preservations Funds.

A retirement annuity fund is a scheme which is set up to provide retirement and death benefits to members of the public who voluntarily choose to become members and agree to pay regular contributions (or single once off payments) to finance these benefits.

A preservation fund serves the same purpose, but the fund does not receive contributions and receives translocation benefits. For example, a preservation fund may accept a payment transferred from an employer sponsored pension or provident fund which arise as a result of a person’s termination of service with that employer.

The Lifestyle Retirement Annuity and Preservation Funds suite includes a retirement annuity fund as well as both a preservation pension fund and a preservation provident fund.

These funds are registered with the Registrar of Pension Funds (the Financial Sector Conduct Authority), as shown below:

Fund Name Registration No.

  • The Lifestyle Retirement Annuity Fund12/8/6776
  • The Lifestyle Retirement Preserver Provident Fund 12/8/27975
  • The Lifestyle Retirement Preserver Pension Fund 12/8/27974

Two-Pot Retirement System

After many years in the pipeline, the Two-Pot Retirement System is set to be implemented on 1 September 2024. This new retirement system aims to provide retirement fund members the ability, and flexibility, to access part of their retirement savings during times of financial need, while ensuring the rest of their retirement savings remain preserved until retirement.

As Liberty, we are mindful of the economic realities that you as a policy holder may face and we support the Two-Pot Retirement System and its intentions. We understand that life doesn’t always go smoothly and you may need to access your retirement savings in an emergency.

If you do need to access your Two-Pot money, we encourage you to use it responsibly.

We encourage you to always keep on top of your retirement savings. With this in mind, we have developed an easy-to-use calculator that will allow you to calculate your projected retirement income, if you should withdraw from your savings component before you retire. This calculator will help you make informed decisions when making any withdrawals.

Access the calculator.

We are also mindful that the Two-Pot Retirement System is relatively complex, so we have created a short explainer video with an accompanying infographic as a reference, to help you navigate this new retirement system.

Watch the video.

View the infographic.

Liberty will endeavour to keep all its stakeholders informed of the latest updates, given the importance and impact of the new system on retirement savings and retirement outcomes.

The links below provide more information:

  • Summary Infographic

  • Illustration 1: Three-way split

    Understand the fundamentals of the Two-Pot Retirement System and how its components – the Vested, Savings and Retirement Components – directly affect your retirement planning.

  • Illustration 2: Kickstarting your retirement

    If you’re just starting out on your retirement planning journey, this article will help you get to grips with how the Two-Pot System lays a solid foundation for your financial future.

  • Illustration 3: Mid-Career

    If you’re in the prime of your career, discover how the Two-Pot System reshapes your retirement journey.

  • Illustration 4: Counting down to retirement

    Close to retirement? It’s never too late to fine-tune your retirement strategy for optimal benefits.

  • FAQ's