CPD Assessment - Section 37 C

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Name

Surname

SA ID Number

Company Name

FPI Memberhip Number

Contact number

E-mail address

ASSESSMENT FORM

1. Which Section of the Pension fund act deals with the distribution of death benefits

a. Section 37C

b. Section 1

c. Section 7D

2. The nomination form is followed to the letter

a. True

b. False

3. Only Legal dependents are considered for distribution

a. True

b. False

4. Trustees of the Fund have to conduct an investigation in establishing who beneficiaries are

a. True

b. False

5. The intent of this section is to ensure that those persons who were dependent on the deceased member are not left destitute after his/her death, irrespective of whether or not the deceased was legally required to maintain them.

a. True

b. False

Section 37C imposes three duties on the board of trustees, namely to:

6. identify and trace “dependents” and those persons, if any, who have been nominated by the deceased member

a. True

b. False

7. make benefit allocations on a fair and bias basis

a. True

b. False

8. determine an appropriate mode of payment of the death benefit

a. True

b. False

9. Which of these are not acceptable modes of payments

a. To the Guardian

b. To a Beneficiary Fund

c. To a Friend

10. The definition states such a fund may receive, administer, invest and pay benefits, referred to in section 37C on behalf of the beneficiaries.

a. True

b. False

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You will hereafter receive an email containing your answers submitted and the score attained.

A CPD Certificate will then be issued a day or two later (following verification) and be emailed to the address supplied in this form.

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