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Deductions from pension fund proceeds – Tribunal clarifies the “what and when”
When can an employer claim against an employee’s retirement fund? How is the deduction determined, and is it ...
industry news
Retirement fund default regulations – Three steps in the r …
On 1 March 2019, three new regulations on retirement savings came into effect. These default regulations impact three important areas of retirement saving: how a member’s contributions are invested while you are accumulating savings (Regulation 37 of the Pension Funds Act), how easy it is to leave savings invested when a member changes jobs (Regulation […]
best practice
Cyber insurance – A first priority for SMEs
Late last year, Business Report shared that according to the global Cyber Exposure Index, South Africa currently has the sixth highest average exposure to cybercrime, with businesses in the industrial and financial sectors being the most commonly targeted by cybercrime attacks. Another similar report revealed that around 61 percent of small businesses experienced a cyber-attack […]
technologically speaking
Social media – Blunders you should avoid
Opening a social media account is easy. But, simply opening an account and posting a few updates is not good enough to say that you have accomplished social media. By avoiding some basic missteps, many businesses, including financial advisors, have the ability to increase ROI and create more opportunities from their social media accounts. Greg […]
compliance and legislation
Deductions from pension fund proceeds – Tribunal clarifies …
When can an employer claim against an employee’s retirement fund? How is the deduction determined, and is it legal? Can a pay-out be delayed as a result of money owed to the employer? Many questions, as well as concerns, have been raised about employer deductions from pension funds. Claims against pension funds are permitted by […]
Latest research on life cover – Surprising outcomes
Life cover is generally perceived to be appropriate for married couples and family breadwinners. The direct marketing company, Olico, has however now found that the most common buyer of life assurance is not married, doesn’t have children, and doesn’t own a home. This conclusion was made as a result of a study of more than […]
Fit & Proper qualification requirements
– Ensure appropriate qualification for the applicable financial product One of the frequent questions we receive around the new Fit and proper Determination (Board Notice 194 of 2017) is whether or not a qualification is needed, and which qualifications are ‘acceptable’ qualifications to meet fit and proper requirements. To briefly recap the main requirements in […]
Your DOFA and RE requirements
“My DOFA date is 1st August 2016. Is my deadline to pass the Regulatory Exam 30 June 2019?” Moonstone receives many queries about the deadline for Regulatory Exam requirements. To answer this question and all FAIS related questions, FSPs and Representatives always need to take note of all Notices released by the FSCA; updates, exemptions and withdrawals of previous […]
The POPI Act Glossary – 15 important terms to understand y …
Media update’s Aisling McCarthy recently took readers through a list of 15 terms that you’ll need to know in order to fully understand the POPI Act. The Protection of Personal Information Act or POPI Act is South Africa’s equivalent of the EU GDPR. It sets conditions for everyone to lawfully process the personal information of […]