For Business FAQ

How long does it take for the fund to pay out the withdrawal benefit?

Provided your tax affairs are in order, and you have submitted all the required documents (such as a copy of your ID, a completed instruction form stating where the money should go, and proof of banki...

Can you appoint your own trustees to a 10X Umbrella Fund?

No, the 10X Funds are controlled by a professional and independent board of Trustees.The independent members of the board are:Jonathan Mort: past National President of the Pension Lawyers AssociationW...

Who controls the affairs of a retirement fund?

Every fund must appoint a board of management to run the affairs of the fund. This is called the board of trustees. Each retirement fund must have at least four trustees.In terms of Section 7A of the...

What reports can you expect from the 10X Umbrella Pension or Provident Fund?

10X issues regular performance updates:Benefit statements. These are updated online weekly, and emailed to members quarterly. The information is presented in a clear and simple manner, to avoid c...

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