Fairlife Benefit Services Swaziland
Fairlife Benefit Services Swaziland (Pty) Ltd was registered as a company in Swaziland in October 2011 to address the need to manage Beneficiary Funds following issuance of Circular No.2/2007 by the Registrar of Insurance and Retirement Funds, which changed the long standing practice of remitting Beneficiary Funds to the office of the Master of the High Court.
Fairlife Benefit Services Swaziland has been established to safely administer death and disability benefits on behalf of retirement funds in Swaziland, a service that was previously not provided locally. The result has been the outsourcing of beneficiary services to South African based service providers.
Having identified the gap in the market, Fairlife Benefit Services has been established to assist Retirement Fund Trustees, consultants and administrators to meet the financial needs of dependants of deceased or disabled members of Retirement Funds in Swaziland.
To be Swaziland’s leading Beneficiary Fund
To offer Transparent, Effective and Empathic Service to Stakeholders
INTEGRITY – To act with Honesty, Transparency, Responsibility and Accountability.
SECURITY – We guarantee protection of benefits under our care.
STATUTORY COMPLIANCE MILESTONES
|OWNERSHIP||100% SWAZI OWNED|
|INCORPORATION DATE||4th OCTOBER 2011|
|COMPLIED WITH REGULATORY REQUIREMENT (CAPITAL)||28th FEBRUARY 2012|
|COMPLIED WITH REGULATORY REQUIREMENT (PI & FIDELITY COVER)||15th MARCH 2012|
|LICENCED BY RIRF||1st MAY 2012|
|COMPLIED WITH REGULATORY REQUIREMENT (FUND RULES)||CERTIFIED FINANCIALLY SOUND BY IAC ON THE 18th JULY 2012|
|LAUNCHED||24th OCTOBER 2012|