The Alexander
Forbes Trust

The Trust

• Has been managing sub-trusts since 1990.
• Manages millions in assets for thousands of beneficiaries.

Beneficiaries are the dependants or nominees of deceased employees or retirement fund members who are entitled to death benefits.

The beneficiary can either be:

• MINOR – under the age of 18
• MAJOR – over the age of 18

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Why choose the Trust?

With our beneficiary fund, you’ll get:

• Cost-effective, efficient and practical solutions for distributing death benefits to beneficiaries.
• A professional board of trustees who run the fund according to the rules and in the beneficiaries’ best interests.
• No fee differentiation.
• Economies of scale – lower costs because of our size.
• An individually managed sub-trust.
• Regular communication.
• Benefits for Beneficiaries: a digital shopping mall for valuable savings and discounts on everyday products.

The trustees of the fund collectively have over 100 years of industry experience. They make sure that the fund meets all its financial and legal commitments. Each trustee has an area of expertise to add value to the management of the fund.

The trustees formally meet four times a year to review the legal, benefit, financial and governance framework of the fund. An annual investment workshop is also held to review the investment framework and consider new developments in the investment industry applicable to retirement funds. Sub-committee meetings are in place to deal with the day-to-day running of the fund.

The fund is managed by a board of six trustees made up of:

• Three external trustees appointed by the board
• Three internal trustees appointed by the sponsor–Alexander Forbes Financial Services (Pty) Ltd