I am often amazed at the assumptions people make about how the financial needs of their minor children will be cared for in the event of their death. The treatment of financial benefits varies depending on the type of benefit. In this article we touch on two...
Fairheads Benefit Services

Beneficiary funds: you can’t educate a hungry child
Almost a quarter of South African households say their access to food is insufficient, according to new statistics released in late May 2024. Statistics SA's General Household Survey found that 23.1% of households considered their access to food inadequate or...
Beneficiary funds helping the elderly
A recent and interesting industry trend is that of death benefits being placed into beneficiary funds for elderly parents of deceased retirement fund members. This is notable because beneficiary funds have since their inception been primarily seen as a...
Beneficiary funds –supporting the guardian or caregiver rather than disempowering them
David Hurford, Chief Executive OfficerFairheads Benefit Services Beneficiary funds – supporting the guardian or caregiver rather than disempowering themThe Office of the Pension Funds Adjudicator (PFA) has recently highlighted that a Board of Trustees must have cogent...