The most frequently asked question that we receive from members on pension funds who have a will is, "Do I need a will and a beneficiary form?"
The answer is: Yes, you need both.

Your Beneficiary form covers retirement assets - Retirement annuity, Pension & Provident funds and is governed by Sec38c of the Pension Funds Act. This states: First pay your spouse 100%, if no spouse then consider financial dependants, if any, before leaving the funds to your estate. If you are divorced, then you may consider forming a trust for your dependants on your death. If there is no spouse and there are no financial dependants - you may nominate whomever you like.

NB:Your Will covers all your other non-retirement assets. These assets you can leave to whomever you like.