Preservation Fund FAQ

What reports can you expect from the 10X Preservation 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...

How do you join a 10X Preservation Fund?

When you withdraw from your current retirement fund (either a company fund or another preservation fund), you must complete a withdrawal form, indicating that you wish to transfer your investment to t...

What happens in event of the member’s death?

In line with section 37 of the Pension Funds Act, the trustees of the fund will distribute the proceeds, considering first the needs of your dependents and then the beneficiaries listed in your nomina...

Can you transfer your preservation fund?

Yes, you can transfer your preservation fund tax free:Between pension preservation fundsBetween provident preservation fundsFrom a pension preservation fund to a pension fundFrom a provident preservat...

Won’t you pay penalties when transferring your preservation fund?

We are not aware of companies that levy penalties when transferring a Preservation Fund. These penalties are more common with RA’s and represent a claw back of unrecoverable broker commissions and cos...

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