Fairheads Independent Beneficiary Fund
Helping guardians, caregivers and members to make the best of their beneficiary fund.
What is the Fairheads Independent Beneficiary Fund?
The object of the Fund is to administer benefits awarded to beneficiaries upon the death of a member from the Old Mutual SuperFund Pension and Provident Funds, as well as other Old Mutual Sponsored Retirement Funds in terms of Section 37C(2) of the Pension Funds Act.
Benefits are administered so as to provide financial support to members in the form of regular monthly distributions and to utilise the funds to facilitate Ad Hoc payments in respect of the Members’ maintenance, education and general well-being, including medical costs.
Fully Managed And Monitored
Fully managed and monitored account by independent trustees.
Member Benefit Statement
Annual member benefit statement sent at the end of February each year.
Constant Support
Constant support and hand on care from Fairheads services.
Member Fund Account
How it works
A member account is opened when a death benefit payment is transferred into this beneficiary fund. The aim is to make this money in the member’s account last until the member turns 18 and preferably finishes Grade 12.
Inflow
Death Benefit
Investments & Returns
Fully Managed And Monitored
Outflow
Charges
Various Payments
Various payments can be made from the member’s account.
Regular Payments
Regular payments can be made from the member’s account every month, to pay towards general, day-to-day costs.
Financial Assistance
Special financial assistance payments can be made on request, to pay towards
specific costs such as school fees, uniform, books, stationery, transport, etc.
The Fairheads Independent Beneficiary Fund (the “Fund”) is a registered Beneficiary Fund with registration number 12/8/38206.
Fairheads Benefit Services (Pty) Ltd is the Administrator of the Fund.