Death in the family

Death is such a grim subject that most of us tend to avoid it as far as possible. However, many members and pensioners are uncertain about what would happen with their pension when they pass away.

The Fund has therefore compiled Death Benefits Booklets for our various audiences. Each booklet covers not only the Fund benefits payable on your death, but also shows how you can make things easier for your loved ones, and offers practical guidelines for your loved ones on the processes they should follow, after your death. (If there is not a booklet relevant to your category – such as DB working member or deferred pensioner – we have not yet completed that specific booklet. Once completed, it will be emailed to you.)

Click on the relevant block below to access your death benefits booklet.

 

 

Will your dependants/nominees have enough financial savvy to cope, should you die?

Suddenly receiving a payout from your retirement fund in respect of a death benefit may be overwhelming for your dependants. People may harass them to get a part of the payout, or perhaps through lack of experience they may use the money too quickly and end up financially destitute.

That is where the role of a trusted certified financial planner (CFP) to the family comes in. If you build up a relationship with a reputable financial adviser that you feel comfortable trusting, such an adviser can help your family to plan and use any death benefit payments to their best advantage.

To find a CFP

Visit the Financial Planning Institute (FPI) of South Africa’s website, www.fpi.co.za and click on ‘Financial Planning for South Africans’ or contact the FPI on 086 1000 374 or 011 470 6000.

How can we help?

If you have specific questions about your retirement, click the button below, complete the contact details, and one of the Fund benefit consultants will contact you.

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