Guardian assessment
On the death of a retirement fund member, the trustees have to identify the dependants and use their discretion whether to pay the death benefit money into a beneficiary fund, administer it within the retirement fund or pay it directly to the guardian.
To empower trustees to make this complex decision, Fairheads has developed a guardian assessment tool to help trustees assess whether a guardian is financially literate and capable of investing and administering minors’ assets for their benefit.
