The main aim of the beneficiary fund is to pay towards educational costs until the minor child completes his/her education. Regular payments made to the guardian or caregiver assist towards the general living costs of the minor child. The funds are protected in the...
May 2016 Olefile Moea, Executive Director, Fairheads Benefit Services Let’s face it, the financial services industry is complex, not least the terminology. Those working in the industry get caught up in the jargon and often assume that clients or members will...
April 2016 by Olefile Moea, Executive Director, Fairheads Benefit Services It seems odd – and tragic - that in a country where poverty and unemployment are such a major issues there are literally thousands of people who have money due to them but can’t be found. Some...
March 2016 By Olefile Moea, Executive Director, Fairheads Benefit Services In the retirement fund industry, as well as the life insurance industry, it is vital to establish that the beneficiary of annuity payments is still alive. A regular check that they remain alive...
February 2015 By Olefile Moea, Executive Director, Fairheads Benefit Services Processing a claim sounds simple enough, but sometimes even simple things can be complicated. Take for instance the payment of a capital claim on money invested in a beneficiary fund. The...