UBMV, Death Benefit Services, provides a full, outsourced death benefit service to trustees in the provision of death benefit distribution in terms of Section 37c of the Pension Funds Act.
Death benefit distribution in Section 37C of the Pension Funds Act is often tricky terrain for pension fund trustees. The primary objective of section 37C is to ensure that those persons who were dependent on the deceased member are not left destitute after their death.