In 1967 pension funds in South Africa took a significant leap forward with the founding of The Hospitality and General Provident Fund, under the Witwatersrand Liquor and Catering Bargaining Council. It would later become a standalone provident and pension fund in the hospitality industry. Over time, the fund evolved into a standalone Umbrella Provident Fund, which continues today.
In 2001, The Hospitality and General Provident Fund transferred its administration to a newly formed administration company, registered under by the Financial Services Board. This was in direct need for a competitive and efficient administration service to members of the fund.
Today, The Hospitality and General Provident Fund provides housing loans to members, which requires that it be registered with the National Credit Regulator. The South African Revenue Services approves the disability and death benefits of the fund, along with the temporary income protection and other funeral benefits.