The Sentinel Mining Industry Retirement Fund has a proud history dating back to 1946 when it was first formed.
The Fund has since become one of the largest self-administered, defined-contribution, umbrella pension funds in South Africa, actively managing funds of R82 billion as at 30 June 2015.
Sentinel is registered in terms of the Pension Funds Act, No 24 of 1956 and the Income Tax Act, No 58 of 1962, under registration number 12/8/1215 and SARS approval number 18/20/4/30800.
It is structured as a type "A" umbrella pension fund that also provides in-house self-insured risk benefit cover (death and disability) and monthly pensions. The management and staff of Sentinel administer the Fund and are accountable to the Board of Trustees.
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. Currently the Fund has 43 256 active and deferred members and 107 participating employers. Monthly pensions are paid to 34 792 former members and beneficiaries.
Through its responsible investment strategy, that incorporates economic, social and governance (ESG) factors, and the provision of excellent retirement funding benefits, the Fund makes a meaningful contribution to the communities and markets it operates in.
The Fund is managed from its head office in Parktown, Johannesburg while comprehensive client service is provided from five Client Service Centres situated in Parktown, Welkom, Klerksdrorp, Carletonville and Witbank, and a dedicated Client Contact Centre.