Whether you are starting out on your first retirement fund, already saving for retirement, changing jobs, nearing retirement and want to increase your savings or already retired looking to see how you can make your money work for you; we have the right products for you.
Benefits of Destiny Retirement Funds
EASE OF ENTRY
Our umbrella funds give employers easy access to corporate scale retirement benefits for their employees.
HIGH MEDICAL FREE COVER LIMITS
Due to pooled membership from numerous employers, Destiny is able to offer its members high amounts of cover for death or disability, without the need for a medical examination.
GROUP LIFE COVER
As we leverage the numbers of all the members that fall under our umbrella funds, we are able to offer life cover at the most reasonable rates.
DREAD DISEASE BENEFIT
We are able to pay out a lump sum for the costs that are associated with specified traumatic events or life-altering illnesses.
DISABILITY COVER
If a member loses the ability to generate an income, this cover will provide a percentage of salary until the normal retirement age. Alternatively, a lump sum benefit can be selected by a participating employer.
FAMILY FUNERAL BENEFITS
Employers can select benefits of between R10 000 up to R50 000 to be paid out to their family to provide for their death or funeral expenses.
OPTION TO CONTINUE YOUR RISK BENEFITS
When you leave the fund you may have the option to continue your risk benefits under an individual policy without medical evidence. If you would like to know more then contact a GIB financial planner at finplan@gib.co.za.
OPTION TO PRESERVE FUND CREDIT
Our umbrella funds make it possible for members to preserve their retirement savings wisely, upon leaving an employer.
It is in the moments of decision that destiny is shaped.
Option to continue investing to retirement is facilitated through the Destiny Retirement Annuity.
When leaving employment members can continue to contribute to Destiny via the Destiny Retirement Annuity, thereby participating in the same investment portfolios that they have come to trust.
INVESTMENT PORTFOLIOS: these are the same throughout the Destiny range of funds thereby providing members with an uninterrupted investment strategy from cradle to grave.
Member Communication
Destiny has a comprehensive communication policy that serves to add value to members by keeping them informed about salient matters relating to their retirement investments. Full details of all benefits, terms and conditions are made available on our website via Online Member Benefit Statements, Customised Fund Summaries and frequently updated articles available on our blog.
Members are further informed through other channels such as their Member Representative Committees and Trustee Training sessions. All members also have direct access to GIB Financial Planning & GIB Private Wealth consultants for advice and consultation.