Your fund’s service providers

Service Provider Function

Sponsor

Independent Financial Adviser (IFA)

Your employer’s choice

The sponsor sets up the fund to provide retirement and other benefits to the fund’s members

The administrators handle all the day-to-day administrative duties of the fund. They make sure the contributions are received by the fund are invested, benefits are paid out, new members are registered, and so on

You can contact the fund’s administrator if you have any questions about your benefits on 0860 60 61 62 or info@alexforbes.co.za

An accredited financial adviser provides advice to your management committee on which benefits and investments to put in place for your particular employer’s group of members.

Note: the AF consultant is still classified as an IFA

A multi-manager chooses investment managers who invest your fund benefit according to your chosen investment strategy

The actuaries make sure that the fund is in a sound financial position. Together with the consultants, they provide expert advice to the trustees on the management of and the benefits provided by the fund

Auditors

The auditors examine the fund’s financial statements once a year to make sure the fund’s financial situation is sound and that the information reported in the financial statements is correct

This insurance covers the fund and trustees for losses caused by theft or fraud and professional negligence of fund trustees and the principal officer

The information officer is appointed by the trustees to fulfill the duties set out in the Protection of Personal Information Act (POPIA)