Over the past six months, Fairheads has developed another value-add service to our list of growing products – tracing services. In addition to the specialisations we can now offer retirement funds in this area, our stand-alone tracing services have an important side...
A long overdue rethink of section 37C of the Pension Funds Act is finally under way, following a request from the Deputy Registrar to the industry to give suggestions for amendments and submit them to the Financial Sector Conduct Authority (FSCA). It is hoped that the...
The distribution of death benefits in terms of section 37C of the Pension Funds Act is often tricky terrain for pension fund trustees. This article highlights some interesting issues arising from recent case law around s37C and is based on a presentation done by the...
2018 was, to put it mildly, a difficult year for investment markets with over 90 percent of all asset classes recording negative returns for the period. Trade tensions between the United States and China, Brexit jitters, Sovereign debt concerns in Italy and...
Looking back on 2018, I believe it is a time for deep reflection on our society. What a year it has been, with a change of President, several changes of Finance Minister, and a few commissions of enquiry under way. The Nugent and Zondo commissions have been unearthing...
As reported previously in Fairheads Times, Fairheads has launched two unclaimed benefit funds the Fairheads Unclaimed Benefit Preservation Pension Fund and the Fairheads Unclaimed Benefit Preservation Provident Fund. Fairheads has long been South Africa’s leading...
The housing crisis in South Africa is a complex problem, inherited by this generation from our past and still unresolved. Ownership of property, setting roots to the land and a home to live in is fundamental to a strong, vibrant and stable society. Homeownership is,...
Many years ago, as far back as the 1920s in fact, Fairheads Benefit Services operated as a trust company for predominantly wealthy families. Our core business was looking after inter-generational wealth, advising on estate planning and administering and investing the...
According to the Financial Services Board, registered unclaimed benefit funds currently hold around R7.5 billion in assets on behalf of close to 1 million members. That’s around R7 500 per member that’s sitting in unclaimed funds, generating administration fees for...
Wouldn’t it be nice to be able to buy a financial services product knowing exactly what it will cost, and what it will do for you? It seems that many financial services professionals have made an art out of obfuscation, confusing the consumer to such an extent that...