Discovery Retirement Funds current offer for employers
Our current offer gives employers the chance to receive a 100% discount on admin fees on their employees' retirement savings when they sign up with Discovery Retirement Funds.
Example of the value employers can get from this offer
The chart below illustrates the total value of fees saved in today’s terms over various time periods for an employer group of 50 employees, each paying a monthly admin fee of R55 that grows with inflation every year.
**For illustration purposes only, actual results may vary
How employers can qualify for this offer
To qualify for this offer, new employers to the Discovery Retirement Funds will have to meet the total asset value and average salary minimums in the table below:
Qualifying employers must submit all relevant documents (a signed quote and application form) by no later than 31 December 2020. Speak to your financial adviser or click here for more information on this current offer.
Retirement saving solutions that offer powerful behavioural incentives
We boost the retirement savings employees transfer to us to encourage them to stay invested and consolidate their savings when they join or leave the Fund.
Discovery Retirement Funds (the Fund) refer to the Discovery Life Pension Umbrella Fund and Discovery Life Provident Umbrella Fund. Discovery Life Limited, registration number 1966/003901/06, is a registered long-term insurer, and an authorised financial services and registered credit provider, NCR Reg No NCRCP3555.