Checklist for choosing a beneficiary fund

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa Headlines News

If you have children, especially if they’re minors, you need to have a plan for how they will receive the proceeds of your retirement fund or a payout from your life or group life policy.

No one likes to plan for death, but if ever there was a need to, it’s now in the midst of a pandemic.

At a recent webinar hosted by Fairheads Benefits Services, Jolly Mokorosi, an independent trustee and professional principal officer, shared her personal checklist of what she looks for in a beneficiary fund. Years later, while volunteering at a children’s home, she met “Mary” . Though she had relatives, no-one had the means to take care of her.

What are their clients saying about them? “I ask the fund for two or three clients I can speak to about their experience with the fund. Clients can give you good insights.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inmates, students and the dead among TERS beneficiariesInmates serving time, students funded by the National Student Financial Aid Scheme and deceased people were among those who were fraudulently paid by the Unemployment Insurance Fund Covid-19 relief fund. | IsaacPat
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Inmates, students and the dead among TERS beneficiariesInmates serving time, students funded by the National Student Financial Aid Scheme and deceased people were among those who were fraudulently paid by the Unemployment Insurance Fund Covid-19 relief fund.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Farm given to rich ‘beneficiary’ after successful black farmer removed | CitypressMOST READ | Farm given to rich ‘beneficiary’ after successful black farmer removed A wealthy businessperson received a state farm as a “beneficiary” after a black farmer who successfully farmed there for eight years was removed
Source: City_Press - 🏆 7. / 72 Read more »

UIF commissioner, management team suspended as massive probe starts into Covid-19 relief fundsLabour Minister Thulas Nxesi has announced the suspension of Unemployment Insurance Fund Commissioner Teboho Maruping and the entire management due to allegations of fraud and mismanagement of Covid-19 relief funds. SA deserve ppl like him... I m still baffled by the comments of ppl that they don't care about farm murders n death of white man can't even touch them...
Source: IOL - 🏆 46. / 51 Read more »

WATCH LIVE | AG Kimi Makwetu releases Covid-19 relief fund audit findingsAuditor general Kimi Makwetu will on Wednesday release Covid-19 relief fund audit findings.
Source: TimesLIVE - 🏆 28. / 59 Read more »

UIF commissioner placed on precautionary suspensionUnemployment Insurance Fund Commissioner Teboho Maruping has been placed on precautionary suspension.
Source: eNCA - 🏆 49. / 51 Read more »