Whether you’re a member, guardian or want to enquire about setting up a beneficiary fund or beneficiary trust with us, we’re here to help.
In South Africa, when a parent passes away and leaves behind minor children, their group death benefits, like their life insurance payout or pension balance, can be directed into a beneficiary fund - a safe, structured way to manage the money for the wellbeing of their beneficiaries.
By default, these funds would go into the deceased’s estate, but choosing a beneficiary fund instead offers real advantages:
We’re one of a few beneficiary fund specialists in South Africa, and we’ve been doing this work for decades. While many other providers treat the administration of beneficiary funds as a commodity, we believe that there is no one-size-fits-all approach when it comes to ensuring that beneficiaries are provided with the best possible opportunity to lead productive, financially secure adult lives.
Our specialist administrators form personal, lasting relationships with our beneficiaries, take the time to assess and understand each of our beneficiaries’ individual needs, and strive to make a lasting difference in the lives of our beneficiaries.
Fedgroup Trust Administrators is an approved administrator and financial services provider. Reg. No. 1951/003389/07. License 13B No. 24/505. FSP license 16302. Fedgroup Financial Holdings (Pty) Limited is a licensed controlling company and companies within the Group are authorised FSPs.
We adhere completely to all PF130 guidelines, the FSCA’s approach to Treating Customers Fairly and the Consumer Protection Act. In addition, we draft internal policies and member communication ourselves, as we believe in doing this in the simplest manner possible, so that no communication is hidden in legalese.
Section 37C of the Pension Funds Act 24 of 1956 governs the distribution and payment of lump sum benefits payable on the death of a member of a pension fund, provident fund, pension and provident preservation fund and retirement annuity fund. These benefits are colloquially known as “death benefits”.
What makes our approach different is the way we combine strong governance with systems built specifically for beneficiary care, resulting in unique benefits.
This isn't all we can offer you. Explore our other Employee Benefits solutions.
Whether you’re a member, guardian or want to enquire about setting up a beneficiary fund or beneficiary trust with us, we’re here to help.
Hear what some of our satisfied beneficiaries and clients have said about Fedgroup’s Beneficiary Care.
“By assisting us with school funds, study funds and business start-up funds, you have helped us unlock the doors to a bright future. May you be the big difference in the lives of the other children that you assist – like you were in ours.”
"Since Fedgroup was appointed as fund administrator I have never had to ask for updates, which means I can sleep easy at night knowing the beneficiaries are getting access to the best possible solution.”
“I am where I am today because of the involvement of the Fedgroup trustees and administrators.”
“We would have no hesitation in recommending Fedgroup as a beneficiary fund administrator. Their integrity, detailed reporting, open-door policy, accessibility to senior management and attentive support from their servicing staff makes it easy to do business with them.”
