Employers

What kind of benefits can be paid into the AFBF?

• Approved retirement fund benefits: death benefits from retirement funds in terms of section 37C of the Pension Funds Act. Death benefits are payments made from a retirement fund policy or employment-related insurance policy to a deceased employee’s beneficiaries.
• Unapproved benefits: for example, employment-related group life insurance policies.

We continually review the measures we have in place to ensure that benefits are managed efficiently and cost-effectively.

What does the employer get if they choose the AFT

If you, as an employer, choose the Alexander Forbes Trust Services, 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 of the fund and in the beneficiaries’ best interests, no fee differentiation, economies of scale – lower costs because of our size, an individually managed sub-account, a Regulation 28 compliant lifestage model for the investment of funds, regular communication, AF Rewards: a digital mall offering valuable savings on everyday goods.