Mineworkers Beneficiary Fund

Helping guardians/caregivers and members to make the best of their beneficiary fund.

New 7 min

What is the Mineworkers Beneficiary Fund?

Mineworkers Beneficiary Fund is registered with the Financial Sector Conduct Authority as a pension fund organisation. The fund commenced operation in January 2009 when the new legislation governing section 37C of the Pension Funds Act became effective.

The Mineworkers Beneficiary Fund operates as an umbrella fund catering for member accounts for each member (dependant), providing a legal vehicle that ensures benefits are conservatively and professionally invested and managed on behalf of the members. The fund is required to operate in terms of Regulation 28 of the Pension Funds Act.

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Fully managed and monitored

Fully managed and monitored account by independent trustees.

Benefit statements

Member Benefit Statement

Annual member benefit statement sent at the end of February each year.

Constant Support 2.0

Constant Support

Constant support and hand on care from Fairheads services.

FH Coin

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.


Death Benefits

Death Benefit

A death benefit payment is transferred into your member account.
Money Management

Investments & Returns

The money in your member account is invested and any investment returns are added to your account.
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Fully managed and monitored

Your member account is carefully monitored and managed so that it can last as long as necessary. That is why not all claims that you ask for are paid.


Regular Payments


Fees are charged to administer the money in the member account.
Payment Management

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.

Pension Partnership

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.

Mineworkers Beneficiary Fund registration number 12/8/37907