Beneficiary Nomination

You may nominate beneficiaries to receive the proceeds of your investment in the Old Mutual Unit Trusts Retirement Annuity Fund in the event of your death while you are still a member of the Fund.

Note that in terms of section 37C of the Pension Funds Act of 1956, the Board of Trustees is tasked with the equitable distribution of the benefit amongst your dependants and nominated beneficiaries. Although the Trustees will take your wishes expressed in this form into account, they are not bound by them but are also required to consider the claims of persons who were dependants, as defined by the Pension Funds Act, at the time of your death.

In order for the Trustees to have the most accurate information before them, it is important that you regularly update the beneficiaries you have nominated as your family circumstances change.

Download the beneficiary nomination form or advise the Fund in writing.

Please ensure your allocations for nominated beneficiaries total 100%. If not, and where you do not have any dependants, any balance of the benefit payable will be paid to your estate. Also, the nomination of your estate is unlikely to be upheld in the event that you have dependants.