Beneficiary fund can secure your kid’s future

Published in Personal Finance, 11 June 2016. By David Hurford, Director, Marketing & Consulting, Fairheads Benefit Services Read it here  or as reproduced below.  Beneficiary fund can secure your kid’s future The government introduced beneficiary funds in 2009 to provide a safe vehicle to accept lump-sum death benefits allocated by retirement funds to the minor dependants of deceased fund members. Your …

World AIDS Day

Beneficiary funds bring fiduciary care to families afflicted by AIDS

Published in FA News, 30 November 2015 By Giselle Gould, Business Development Director, Fairheads Benefit Services In January 2009 the government introduced beneficiary funds. These funds can receive some of the death benefits paid out by a company’s retirement fund when an employee passes away in service. The death benefit money is invested and kept safe for the deceased member’s …

beneficiary fund example

Beneficiary funds – stretching benefits

The graph illustrates an example of a member, aged five years at inception, with an original capital investment of R100 000. The funds are invested according to the board approved asset allocation model and payments from the fund include: Regular income payments to the guardian until the child reaches the age of majority Annual capital payments for education related expenses …

Retirement funds not geared to administering children’s benefits

 25 Aug 2015 Many large retirement funds have not yet appointed a beneficiary fund and choose to retain and administer minors’ benefits in the retirement fund itself. Giselle Gould, Fairheads’ Business Development Director explains why retirement funds are simply not designed to cater for the specialised, high-intensity administration of children’s benefits which require very specific asset allocation, communication and other. …

Fairheads Imbasa Yegolide

Fairheads Benefit Services wins industry award

2 June 2015 Fairheads Benefit Services won the Imbasa Yegolide award for Best Trust & Beneficiary Administrator Fund of the Year at a BATSETA awards ceremony on Monday evening, 1 June 2015. This is the fourth time that the company has received this industry accolade. The Imbasa Yegolide awards acknowledge professional excellence by recognising service providers who have given excellent …