Terms of Use

Last updated: 15 August 2026

1. Introduction

Welcome to the SNG ARGEN Umbrella Fund Survey website.

These Terms of Use govern your access to and use of this website, including its content, survey information, comparisons, calculators, tables, reports, documents and other resources.

The website is operated by SNG ARGEN Actuarial Solutions (“SNG ARGEN”, “we”, “us” or “our”).

By accessing or using this website, you agree to these Terms of Use. If you do not agree with these terms, please discontinue use of the website.

2. Purpose of the Website

The SNG ARGEN Umbrella Fund Survey provides information intended to assist industry stakeholders in understanding and comparing different commercial umbrella fund arrangements available in the South African market.

The website may contain information relating to areas such as:

fund demographics;
membership;
governance;
administration;
investments;
costs and fees;
contributions;
benefits;
retirement outcomes;
participating employers;
service providers; and
other characteristics of umbrella fund arrangements.

The information is provided primarily for general information, research and comparative purposes.

3. No Financial or Professional Advice

Nothing contained on this website constitutes, or should be interpreted as constituting:

financial advice;
investment advice;
actuarial advice;
retirement planning advice;
tax advice;
accounting advice;
legal advice; or
a recommendation to select, join, leave or invest through a particular umbrella fund, retirement fund, investment portfolio or financial product.

The website and Umbrella Fund Survey are intended to provide general information and assist users in comparing certain characteristics of different arrangements.

Users should obtain appropriate professional advice based on their own circumstances before making any financial, investment, retirement, employment or other material decision.

4. Umbrella Fund Survey Information

SNG ARGEN takes reasonable care in compiling and presenting the Umbrella Fund Survey.

However, information contained in the survey may be obtained from participating funds, administrators, service providers, publicly available information and other sources.

While reasonable efforts may be made to verify information, SNG ARGEN cannot guarantee that all information supplied by third parties is complete, accurate or current.

Information may also change after the date on which survey information was collected or published.

Users should therefore verify important information directly with the relevant umbrella fund, administrator, service provider or professional adviser before relying on it for a decision.

5. Comparisons and Rankings

Any comparisons, tables, illustrations, rankings, scores or other comparative information presented on the website should be considered within the context of the methodology, assumptions and information used to produce them.

A comparison does not necessarily indicate that one umbrella fund or arrangement is more suitable than another for a particular employer, member or individual.

Different funds may have different:

benefit structures;
investment strategies;
contribution structures;
administration arrangements;
risk benefits;
fee structures;
governance arrangements;
membership profiles; and
service offerings.

Users remain responsible for considering these differences when evaluating available options.

6. Calculators and Projection Tools

The website may provide calculators, projection tools or interactive illustrations relating to retirement funds, contributions, fees, investment returns, pension outcomes or similar matters.

These tools are provided for illustrative and informational purposes only.

Calculations and projections depend on the information and assumptions entered or applied, which may include assumptions concerning:

salary;
contributions;
retirement age;
inflation;
salary increases;
investment returns;
investment management fees;
administration fees;
consulting fees;
risk-benefit costs;
other expenses; and
pension drawdown rates.

Actual outcomes may differ materially from calculated or projected outcomes.

Investment returns are not guaranteed, costs may change, legislation may change and individual circumstances may differ.

A projection produced by a calculator on this website is therefore not a guarantee, quotation, financial plan or prediction of an actual retirement outcome.

7. Accuracy and Availability of Information

We endeavour to provide useful and accurate information.

However, we do not warrant that all website content will always be:

complete;
accurate;
current;
error-free; or
suitable for every purpose.

The website and its content may be updated, corrected, amended or removed without prior notice.

Where there is a discrepancy between information on this website and official documentation issued by a fund, administrator, insurer, investment manager or other relevant provider, users should verify the applicable information with the relevant provider.

8. No Guarantee of Future Performance

Any reference to historical performance, investment returns, projected returns, expected outcomes or other financial information does not guarantee future performance.

Financial markets and investment outcomes are inherently uncertain.

Past performance should not be interpreted as a guarantee of future results.

9. User Responsibility

You are responsible for how you use the information available through this website.

Before making an important decision based on information contained on the website, you should independently verify the relevant information and, where appropriate, obtain professional advice.

You are also responsible for ensuring that information you enter into any calculator or interactive tool is appropriate and accurate.

10. Permitted Use

You may use this website for lawful personal, professional, research and informational purposes.

You may not:

use the website for unlawful or fraudulent purposes;
attempt to gain unauthorised access to the website or its systems;
interfere with the operation or security of the website;
introduce malicious software, viruses or harmful code;
scrape, harvest or systematically extract website information using automated methods without permission;
reproduce substantial portions of the website for commercial purposes without authorisation;
misrepresent information obtained from the website;
remove copyright, trademark or ownership notices; or
use the website in a manner that may damage SNG ARGEN, participating funds, service providers or other users.

11. Intellectual Property

Unless otherwise indicated, the website and its original content, including its:

text;
survey methodology;
design;
graphics;
tables;
calculations;
reports;
documents;
branding;
logos;
software; and
other original materials

are owned by or licensed to SNG ARGEN and may be protected by copyright, trademark and other intellectual property laws.

You may view and use website content for legitimate informational and internal business purposes.

You may not reproduce, republish, sell, commercially exploit or distribute substantial portions of the website or its proprietary content without prior written permission, except where permitted by law.

12. Third-Party Names, Logos and Information

The website may refer to or display names, trademarks, logos, products or information belonging to umbrella funds, administrators, investment managers, insurers or other third parties.

These remain the property of their respective owners.

The inclusion of a fund, company, product or service in the Umbrella Fund Survey does not necessarily constitute an endorsement by SNG ARGEN.

Likewise, inclusion in the survey should not automatically be interpreted as an endorsement of SNG ARGEN by that organisation.

13. External Links

The website may contain links to third-party websites.

These links may be provided for convenience or additional information.

SNG ARGEN does not control third-party websites and is not responsible for their:

content;
availability;
accuracy;
security;
products;
services; or
privacy practices.

Accessing an external website is at the user’s own discretion.

14. Website Availability

We aim to keep the website available and functioning correctly but cannot guarantee uninterrupted availability.

Access may occasionally be interrupted due to:

maintenance;
updates;
technical problems;
hosting interruptions;
telecommunications failures;
security incidents; or
circumstances outside our reasonable control.

We reserve the right to modify, suspend or discontinue any part of the website where reasonably necessary.

15. Limitation of Liability

To the fullest extent permitted by applicable law, SNG ARGEN and its directors, employees, representatives and service providers will not be liable for any direct or indirect loss arising solely from reliance on general information, calculations, projections or comparisons available through this website.

This includes, where permitted by law, losses arising from:

reliance on inaccurate or outdated information;
investment or retirement decisions;
decisions concerning the selection of an umbrella fund;
differences between projected and actual outcomes;
website interruptions;
technical errors;
third-party information; or
external websites.

Nothing in these Terms of Use is intended to exclude or limit liability where such exclusion or limitation would be prohibited by South African law.

16. Privacy and Personal Information

Personal information collected through the website will be handled in accordance with our Privacy Policy and applicable South African data protection legislation, including the Protection of Personal Information Act, 4 of 2013 (POPIA).

Users should read our Privacy Policy together with these Terms of Use.

17. Security

We take reasonable measures to protect the website and its systems.

You must not attempt to circumvent website security, gain unauthorised access to restricted areas, interfere with website functionality or introduce harmful software or code.

While reasonable precautions are taken, we cannot guarantee that internet communications or website systems will be completely free from security risks.

18. Changes to These Terms

We may amend these Terms of Use periodically to reflect changes to:

the website;
the Umbrella Fund Survey;
our services;
applicable legislation;
technology; or
our operating practices.

The latest version will be published on this website together with the date on which it was last updated.

Continued use of the website after changes have been published constitutes acceptance of the updated Terms of Use.

19. Governing Law

These Terms of Use and your use of this website are governed by the laws of the Republic of South Africa.

Any dispute arising from the use of the website will be subject to the jurisdiction of the appropriate courts of South Africa, subject to any applicable statutory rights.

20. Contact Us

Questions concerning these Terms of Use or the SNG ARGEN Umbrella Fund Survey may be directed to:

SNG ARGEN Actuarial Solutions

Website: SNG ARGEN Umbrella Fund Survey

Email: [email protected]