Sentinel Retirement Fund at a glance

Key highlights

At a glance


R2,9 billion
annual contributions by 38 971 members

Joint review by the
Chairman of the Board and
Chief Executive Officer

Leadership review

Chief Financial Officer’s

Leadership review

Membership highlights

Contributory members per participating employer
30 June 2018 (%)
Contributory members per participating employer
Average age of contributory members
30 June 2018 (%)
Average age of contributory members

Pensioner geographic spread
30 June 2018 (%)
Pensioner geographic spread
Average monthly member pension paid
Average monthly member pension paid

Membership benefits

What happens to my savings in the event of …?


  • Deferred membership option
  • Fund credit paid out
  • Fund credit transferred to approved fund.


Fund credit plus cover amount (if applicable) paid as follows:

  • 50% to provide spouse pension
  • 50% paid as lump sum in terms of section 37C of the Pension Funds Act (No 24 of 1956) to dependants and/or nominees.


  • Fund credit plus cover amount (if applicable) paid as a retirement benefit.


  • Maximum one-third lump sum
  • Monthly with profit pension payable for life (member and spouse):
    • Spouse pension payable at 75% or 100% in event of death of retiree
    • Term certain guarantee period of 5, 10, 15, 20 or 25 years
    • An option of a living annuity pension, after a minimum R150 000 annual pension from the above.

Investment spread

Sentinel actively pursues growth through world-class investment management and the provision of modern flexible benefits underpinned by best of breed systems and specialist skills.

Sentinel’s four capitals

An integrated annual report is compiled primarily to explain how an organisation creates value over time through various ‘capitals’ that include the traditional financial capital always reported on.

These capitals represent stores of value that can be built up, transformed or run down over time in the production of goods or services. Their availability, quality and affordability can affect the long-term viability of an organisation's business model and its ability to create value.

The IIRC reporting framework identifies six capitals, which are listed as:

  • financial
  • manufactured
  • intellectual
  • human
  • social and relationship
  • natural.

These six capitals are not equally relevant or applicable to all organisations. While most organisations interact with each capital to some extent, these interactions might be relatively minor, or so indirect that they need not be discussed in the integrated annual report.

Sentinel considered the uses or effects of all six capitals when preparing this integrated annual report. Given the nature of Sentinel’s operations, only four of the six capitals are of sufficient impact to be reported. The four capitals reported on are the financial, intellectual, human and, social and relationship capitals, while the manufactured and natural capitals are set aside. Sentinel’s exposure to these two capitals is so limited that reporting on these areas is not material.


Sentinel sets out specific key performance indicators (KPIs) for each of the capitals for which we measure progress against objectives. Shortfalls against objectives may be an early indicator of potential problems to be addressed.

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