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,...
If you as the guardian or major member do not make contact with us for more than a year, payments may be stopped. This is to protect the member’s account – we must make sure we are still paying to the correct person and that the member is still in the guardian’s...
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...
We are happy to announce that Fairheads was named the Best Trust and Beneficiary Fund Administrator for 2016 at an industry event earlier this year! We are extremely proud of this award as it confirms that we are giving you, our clients, the excellent service you...
Each year we witness with hope new Grade One children, joining as with others before them, the 12-year journey to attaining a matric qualification. One of these pupils is Sinethemba, whose mother embraces the eternal African hope that this child will achieve and even...
We kick off 2016 with an issue of Fairheads Times that brings together the major industry themes we addressed last year. Yvonne Mahlatji summarises these themes in the lead article as a way of reminding readers that they are ongoing issues that Fairheads continues to...
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 the same – a beneficiary fund is not a...
Since 2009 the beneficiary fund industry has grown to an estimated R9 billion. Add to this the umbrella trust sector valued at around 10 billion and it is clear that these vehicles are used to look after the benefits due to a significant number of vulnerable children...