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 …

Why not reform for kids too?

Published on EBnet, February 2016 By Olefile Moea, Director, Fairheads Benefit Services In line with industry trend and also #FeesMustFall At a time when retirement reform is moving in the direction of annuitisation for adult retirement fund members, we find it strange that no-one is giving thought to those at the other end of the age spectrum – minor children …

paying a claim

To preserve or erode: The case for beneficiary funds

December 2015 By David Hurford, Director Marketing and Consulting, Fairheads Benefit Services To preserve or erode: The case for beneficiary funds I am often challenged in trustee report back meetings about the rate of capital growth on beneficiary funds, and more specifically why the benefit in the fund has not grown as much as is expected. My response is always …

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. …

Olefile Moea Fairheads

Age 18 – Is it appropriate?

June 2015 By Olefile Moea, Consultant Following years of verbal engagement, a formal written submission was recently made to the Financial Services Board to amend pension fund legislation such that death benefit lump sums administered by beneficiary funds, umbrella trusts or retirement funds on behalf of minor dependants not be automatically paid out to such minors when they turn 18. The …

Fairheads award

Gold Standard Certificate for Excellence in Communication, IRFA Conference 2014

19 August 2014 Fairheads Benefit Services is pleased to announce that it was acknowledged for a unique grassroots communication project by winning a gold Industry Best Practice Award* at the Institute of Retirement Funds Africa conference in Durban, on 19 August. The brainchild of Giselle Gould, Fairheads’ business development head, the guardian roadshow was first established in 2010 as a means to educate guardians/caregivers …