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Home / Author: Mark Bechard / Page 12

Author: Mark Bechard

Videos

Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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Conduct standard on reporting obligations relating to retirement fund contributions due to take effect in February

It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.

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FAIS Ombud’s office releases its 2021/22 report

Eight interesting things, including an update on long-standing property syndication complaints.

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Healthcare providers will no longer ‘call the shots’ under NHI, says minister

Therefore, current 8.5% of GDP spent on healthcare resources will be enough to fund NHI, Parliament told.

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3Sixty Life petitions Supreme Court of Appeal over final curatorship order

This follows the High Court’s decision confirming its earlier judgment.

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Pension Funds Adjudicator’s creation of a new complaint unfair to the applicant

The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.

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Directors of Insure Group Managers take their debarments to the FST

Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.

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Court must rule on couple’s time of death to ensure correct beneficiary payment

High Court weighs witnesses’ testimony to decide whether a husband did, in fact, predecease his wife and beneficiary.

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Tribunal rules on Viceroy’s application against R50m penalty for Capitec report

Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?

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Ma-Afrika Hotels back in court with another business interruption case

The hospitality group says the lockdown restrictions discharged it from the liability to pay rent.

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MPs accept refinements to omnibus anti-money laundering amendment bill

Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.

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Tribunal rules on debarments linked to fall-out between retirement fund administrators

It also clarifies the relationship between the courts’ findings and the reconsideration application.

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Proposal to make it easier and cheaper to wind up retirement funds that decide to go into liquidation

The exemption does away with the R50 000 average-benefit-per-member threshold and caps the membership threshold at 100.

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‘No undue delay’ in bringing civil claim against bank employee linked to R79m fraud

Pension Funds Adjudicator also failed to appreciate the prospect that Absa’s civil claim would succeed, says the tribunal.

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Debarments: satisfying the FAIS Act and guideline requirements for procedural fairness

Ignoring emailed notices of an intention to debar doesn’t make them go away.

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MPs decline to process omnibus anti-grey-listing bill

Minister of Finance asked to explain the absence of an assessment of the socio-economic impact of the General Laws Amendment Bill.

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Retirement fund members at ‘serious risk’ of losing R470 million in assets

Statutory manager says N-e-FG Administrators transferred money to third parties without the required mandates.

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RAF ordered to pay medical expense claims covered by medical schemes

Judge says directive was a ‘flagrant disregard’ of the RAF Act and a ‘hopeless undermining’ of the Constitution.

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