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 …

Fairheads on issue of fraud

Beneficiary fraud a headache for trustees

Published in Personal Finance, 26 March 2016. By Lorraine Kearney. Read it here Beneficiary fraud a headache for trustees “We use multi-factoral authentification, but no steps are foolproof. Ultimately, more layers will be added to the process – as syndicates become aware of a new layer and how to defraud it, we need to add another one.” David Hurford, Director, Marketing …

Annuitisation reform

TER needed for beneficiary funds

Published in FA News, 21 June 2015 By David Hurford, Head of Fairheads Umbrella Beneficiary Fund Retirement fund trustees electing to pay minors’ death benefits into a beneficiary fund are battling to make meaningful comparisons among the services and fees offered by service providers. The industry urgently needs to develop a total expense ratio (TER), similar to that developed in …