Children’s Benefit Portfolio
In the event of a death benefit being allocated to a minor child in terms of Section 37C of the Pension Funds Act, that benefit would normally be allocated to a Trust or Beneficiary Fund. With effect from the 1st of July 2020, the Board of Trustees resolved that this function would move in-house, at a lower cost for the beneficiaries. The benefit will therefore be held in the Children’s Benefit Portfolio, within the Fund and monthly instalments will be paid to the guardian of the minor beneficiary/beneficiaries.
Click here to view the Fact Sheet for the Children’s Benefit Portfolio.