We provide a full-service administration for defined contribution umbrella retirement funds. Our service meets the needs of your employees whilst allowing you to focus on your core business in a complex and ever-changing legislative and regulatory landscape. We encourage employers to work closely with their advisors to build a secure future for their employees.
Powered by FINWORKS: Our online platform is built on cutting-edge financial technology provided by our long-standing partner, FINWORKS. This robust foundation allows us to offer:
- 13B Administration: Expert 3rd party pension fund administration services.
- Regulatory Peace of Mind: Our fund is FSCA registered (No. 12/8/38238), ensuring high governance standards and reduced regulatory risk.
- Efficiency & Cost Savings: Our umbrella structure reduces legal and administrative costs compared to traditional occupational schemes.
Retirement Administration, Amplified
We remove the weight of time-consuming administrative tasks, empowering your organization to focus on its core mission. By leveraging our cutting-edge financial technology platform, powered by FINWORKS, we have transformed pension management into a fast, seamless experience. The integration of our system with yours significantly reduces the administrative burden on your HR and finance teams, making retirement oversight easier and safer than ever before.
Modern pension management requires balancing operational efficiency with exacting standards of governance and evolving legislation. While our platform handles the heavy lifting, our experienced team provides the expert guidance you need to navigate regulatory changes smoothly.
We ensure you stay compliant and up-to-date, providing consistent efficiency savings and peace of mind. Today’s pension schemes need to deliver better engagement through easily accessible, intuitive digital platforms. Within our retirement fund, each employee has an individual retirement account which is grouped together under an ‘umbrella’ so the employees can benefit from group terms.
Our Umbrella Fund is a more cost-effective solution than traditional occupational schemes. By grouping individual accounts, your employees benefit from superior group terms while you enjoy significantly reduced legal and administrative overheads. The result is a professionally managed fund with lower regulatory risks for both the employer and the members.
Powered by World-Class Financial Technology:
At Bip Space, our commitment to excellence as a Section 13B administrator is bolstered by our long-standing partnership with FINWORKS. Our administration engine is powered by FINWORKS, a technology partner with an established reputation for excellence.
FINWORKS’ client repertoire includes some of the most recognized “industry giants” and leading financial institutions in South Africa, including Allan Gray, BCI (Boutique Collective Investments), and etfSA.
By choosing Bip Space, you benefit from the same sophisticated, high-capacity infrastructure used by these market leaders. This partnership ensures that your retirement fund is managed on a platform that is:
- Proven at scale: Capable of handling complex requirements for large-scale institutional funds.
- Validated by experts: Trusted by the country’s top investment professionals and fund managers.
- Continuously evolving: Backed by a team that stays ahead of global financial technology trends.
- Innovation meets integrity: Advanced reconciliation, cash management, and automated reporting features, Bip Space ensures that every transaction is handled with clinical precision.
- Utilizing next-generation financial technology: we provide a single, consolidated platform that simplifies the complexities of retirement fund administration.
This partnership allows us to offer the agility of a fintech-driven firm with the security and governance of a specialist administrator, turning the traditional process of group retirement savings into a dynamic, digital experience.
Better Understanding, Choice and Control for Employees
Our systems are designed to provide your employees with all the pertinent details of their retirement savings in a clear and informative way. This allows employees to understand and make informative and confident decisions when it comes to planning for their financial future. That means understanding what your employees want and tailoring your communications to their needs.
Our retirement fund board has set out an investment policy that requires the best growth and capital preservation for its members considering the stage in their pre-retirement journey.
Our retirement fund allows the employer to choose to go with their own retirement strategy for their employees by appointing and actively managing their employee’s investment portfolios.