EBS Africa Retirement Fund Administrators
Independent Retirement Fund Administration Services Provider.
EBS Africa, a subsidiary of the EBS International group of companies, is a registered Section13(B) Retirement Fund Administrator established exclusively to perform independent, transparent, efficient, flexible and robust administration services to the South African and African market.
EBS Africa’s administration services extend to freestanding and umbrella funds and include its own registered Cornerstone Umbrella Funds.
Independence and Transparency
EBS Africa provides a low cost and truly independent retirement fund administration service to the market. The Retirement Fund Industry in South Africa is notorious for inefficient, costly and opaque administration. The complexity of group structures and/or the relationships that providers have within their corporate group structures often result in an overlay of costs that make it very difficult to understand exactly what expenses are being charged against the fund and its assets. To further complicate matters many providers are not transparent in their reporting of costs meaning that these costs are not ever visible to the employer and members.
In its provisioning of administration services to retirement funds EBS Africa operates completely independently of Asset Managers and Insurers. This independence mitigates the above risks in a number of ways:
EBS Africa charges only an administration fee and does not receive any other fees, rebates, commissions etc.
EBS Africa reports on all fund costs separately and transparently to members.
EBS Africa demonstrates complete independence when called on to provide competitive and independent quotes for retirement funds for the rendering of Insurance and Asset Management services. EBS Africa thus only performs the administration functions around these core elements of a retirement fund.
Even in our Umbrella Funds this principal will hold true, and participating employers may choose their risk (if any) and investment providers, as long at the providers comply with the funds governance requirements and investment policy statement.
EBS Africa removes the risk of poor administration from the fund to themselves. By contracting to service levels and providing ongoing objective measurement of its achievement against these the fund Trustees can effectively and actively monitor EBS Africa’s service provisioning and in so doing mitigate any supplier risk.
EBS Africa makes use of the world’s leading fund administration platform. This modern integrated platform is devoid of legacy hangovers and tailored completely to the South African market.
The platform has been used over the last 15 years to successfully administer some of South Africa’s largest Retirement Funds and to deliver technology solutions to complex environments where service delivery is an absolute prerequisite.
The administration system is accredited in terms of ISO 27001 (Change Management) ISO 9001(security controls) and ISAE3402 (system controls).
25 Superior Road, Halfway House Estate, Midrand, Gauteng
(T) +27 (21) 702 9300