How do I transfer my Discovery Preservation Fund to the 10X Preservation Fund?


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This is a relatively simple process, although it can take a bit of time to complete. The minimum transfer amount is R50,000.

As a first step, you need to send a transfer instruction to the Discovery Preservation Fund. The Discovery call centre should be able to provide you with this form.

You must then apply to join the 10X Preservation Fund by completing the required application form and submitting this to us.  

Once we receive your documents we request the necessary Section 14 transfer documents from Discovery. On receipt, our Principal Officer signs off on this, and we return it to Discovery.  We then ask Discovery to pay your benefit across to us, with proof of payment. On receipt, we finalise the investment and issue you an online certificate, confirming the transfer.

Source: 10X Investments

Disclaimer: We are not affiliated, associated, authorised, endorsed by, or in any way connected with Discovery or any of its subsidiaries or its affiliates. The official Discovery website can be found at http://www.discovery.co.za. The use in this website and/or in related promotional print or video material of trademarked names and images is strictly for editorial and descriptive purposes, and no commercial claim to their use, or suggestion of sponsorship or endorsement, is made by 10X Investments. Any product names, logos, brands, and other trademark or images featured or referred to within this website are the property of their respective trademark holders. These trademark holders are not affiliated with 10X Investments, our products, services or our websites.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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