Private Security Sector Provident Fund

What Private Security Sector Provident Fund does

Private Security Sector Provident Fund (PSSPF) is a legislated occupational provident fund established in 2002 in Johannesburg, South Africa. It administers retirement, disability, death, accidental death, funeral, and withdrawal benefits for workers employed in the private security industry. The fund operates through a B2B/B2E model in which approximately 800 sector employers register with PSSPF and remit mandatory monthly contributions on behalf of their employees. Contribution rates are set at 7.5% of remuneration from each of employer and member, with a temporary reduction to 5% each scheduled for nine months from June 2026. PSSPF currently serves over 330,000 active members, holds assets under management exceeding R11.5 billion, and receives approximately R1 billion in annual contributions. Since inception it claims to have benefited more than two million families directly or indirectly.

The fund's product portfolio spans six benefit categories plus supporting services including the Two-Pot retirement reform system and Benefit Counselling. Service delivery relies on a network of third-party partners rather than in-house technology: Salt Employee Benefits (Pty) Ltd acts as the appointed Fund Administrator; The Benefit Counsellor (Pty) Ltd owns the digital member portal (psspf.benefitcounsellor.com); and Affinity Life became the Funeral Benefits Partner from 1 December 2025. Employers interact through a dedicated Employer Portal (www.psspf.net) for compliance and contribution management, while death-claim beneficiary tracing is handled by a network of five approved tracing service providers (Khanyisile Benefits Tracing, EasyDebit, Teydon Holdings Consulting, Sorofo, and Phalamash Risk Management).

PSSPF is governed by a Board of Trustees under South African pension fund legislation, with no parent company, subsidiaries, or external equity investors. Its operating footprint is domestic (South Africa only) and its membership base is structurally captive by sectoral determination. The fund's value proposition rests on mandatory sectoral participation and trustee-managed stewardship rather than on competitive differentiation, proprietary technology, or AI-driven capability. PSSPF is positioned as a regulated social-benefit organisation and not a technology enterprise.

Name

Private Security Sector Provident Fund

Legal name

Private Security Sector Provident Fund

Website

https://psspfund.co.za

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Private Security Sector Provident Fund (PSSPF) is a legislated South African occupational provident fund providing retirement, disability, death, and funeral benefits to over 330,000 active members in the private security sector via approximately 800 contributing employers.

Ownership category

akta.pro rank

Product category

Occupational Provident Fund Administration

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Services-Membership Organizations (8600), Services-Social Services (8300)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Provident fund administration
• Occupational pension fund
• Retirement benefit schemes
• Funeral benefit insurance
• Employee benefits management

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Member Contributions: PSSPF receives mandatory contributions from employers and employees in the private security sector. Employer contributions of 7.5% (reduced to 5% temporarily for 9 months from June 2026) and member contributions of 7.5% (reduced to 5% temporarily for 9 months from June 2026) of employees' remuneration. The fund currently receives approximately R1 billion annually from contributions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PSSPF is a legislated occupational provident fund for the South African private security sector, providing retirement, disability, death, accidental death, funeral, and withdrawal benefits to workers. Employers in the sector register with PSSPF and make monthly contributions (currently 7.5% employer + 7.5% member, temporarily reduced to 5% each from June 2026 for nine months) on behalf of their employees, who automatically become members upon meeting eligibility requirements. The fund manages more than R11.5 billion in assets for over 330,000 active members contributed by approximately 800 employers.

Product overview

The Private Security Sector Provident Fund (PSSPF) is a single, unified retirement fund for the private security sector in South Africa, not a platform-plus-modules architecture. The fund offers a portfolio of benefit products including Retirement Benefit, Death Benefit, Funeral Benefit (with AFFINITY LIFE as partner from December 2025), Accidental Death Benefit, Permanent Disability Benefit, and Withdrawal Benefit. Additional services include the Two-Pot System for retirement savings access and Benefit Counselling. Members and employers access the fund through separate self-service portals (Member Portal via Benefit Counsellor platform, Employer Portal).

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Benefit Provides retirement benefits to fund members upon reaching retirement age, enabling private security sector workers to save for retirement through mandated monthly contributions.
• Death Benefit Provides financial support to designated beneficiaries upon the death of a fund member.
• Funeral Benefit Provides funeral benefits to assist members' families with burial costs, delivered through Affinity Life as the appointed Funeral Benefits Partner from 1 December 2025.
• Accidental Death Benefit Provides an additional financial benefit in the event of a member's death caused by an accident.
• Permanent Disability Benefit Provides financial support to members who become permanently disabled and are unable to continue working.
• Withdrawal Benefit Provides benefits to members who withdraw from the fund before retirement.
• Benefit Counselling Provides guidance and counselling services to fund members regarding their benefit entitlements, fund options, and claims processes.

Quantifiable outcome

• Over 2 million families benefited from the fund's provisions since inception in 2002
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Affinity LifecoreStrategic or Co-development Partner · 1 December 2025Affinity Life serves as the new Funeral Benefits Partner for PSSPF starting from 1 December 2025. They provide funeral benefits to members of the fund, including the process for claiming funeral benefits. This is a core partnership replacing the previous funeral benefit provider.
• Salt Employee Benefits (Pty) LtdcoreImplementation/ SI/ Consulting PartnerSalt Employee Benefits is the appointed Fund Administrator for PSSPF. They manage all fund data and are responsible for the Benefit Counsellor platform. They have a legal obligation to ensure fund data is utilized only for intended purposes in line with the Service Level Agreement.
• The Benefit Counsellor (Pty) LtdcoreTechnology or IntegrationOwns the Benefit Counsellor digital platform used for member portal access and benefit management. The platform is administered by Salt Employee Benefits on behalf of PSSPF.
• Khanyisile Benefits TracingminorOthersOfficial tracing service provider for death claims, helping locate beneficiaries of deceased members.
• EasyDebitminorOthersOfficial tracing service provider for death claims, helping locate beneficiaries of deceased members.
• Teydon Holdings ConsultingminorOthersOfficial tracing service provider for death claims, helping locate beneficiaries of deceased members.
• SorofominorOthersOfficial tracing service provider for death claims, helping locate beneficiaries of deceased members.
• Phalamash Risk ManagementminorOthersOfficial tracing service provider for withdrawal death claims.

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Alexander Forbes Retirement Funds: One of South Africa's largest employee benefits consultancies and fund administrators, managing multiple retirement and provident funds for corporate clients. Comparable as a competing retirement fund administrator targeting employer clients.
• Momentum Corporate (Metropolitan/Momentum): Momentum's corporate division provides umbrella retirement fund products and employee benefits administration to South African employers. Comparable as a multi-product retirement and benefits provider serving employer clients.
• Government Employees Pension Fund (GEPF): South Africa's largest pension fund, administering retirement benefits for government employees. Directly comparable as a large South African occupational pension/provident fund, though it serves the public sector rather than a private industry vertical.
• Sanlam Corporate (Umbrella Funds): Sanlam's corporate division offers umbrella pension and provident fund products to South African employers across industries. Comparable as a large-scale, multi-employer retirement product administrator in the same regulatory environment as PSSPF.
• Old Mutual SuperFund: Multi-employer retirement fund offering in South Africa operated by Old Mutual, providing umbrella pension and provident fund products to corporate clients. Comparable as a multi-employer South African retirement vehicle with employer portal administration.

Direct peers

• Building & Construction Industry Provident Fund: South African sectoral provident fund for the building and construction industry, established via collective bargaining/sectoral determination. Highly comparable as a directly analogous sector-specific provident fund with mandated employer contributions.
• Mineworkers Provident Fund: South African provident fund serving the mining industry, with sectoral determination-style mandatory participation. Comparable as a sector-specific occupational provident fund with high employer concentration in a single industry.
• Retail Pension Fund: South African sectoral provident fund for the retail industry, established through the Retail Bargaining Council. Comparable as another sectorally-delineated South African provident fund with mandatory employer contributions.
• National Fund for Municipal Workers (NFMW): South African occupational provident fund serving municipal workers across local government. Comparable as a South African occupational provident fund providing retirement, death, and disability benefits to a defined sectoral membership.
• FundsAtWork (Old Mutual Corporate): South African umbrella provident/pension fund for working South Africans, including a strong focus on lower-income workers. Comparable in target market (lower-wage workforce), contribution structure, and benefit design.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PSSPFund
• Facebookfacebook.com/psspfund
• Instagraminstagram.com/psspfund

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Private Security Sector Provident Fund