The South African Law Reform Commission (SALRC) has extended until 14 January 2022 the deadline for comments on Issue Paper 41 that deals with its review of matrimonial property law. Issue Paper 41 […]
The South African Law Reform Commission (SALRC) has extended until 14 January 2022 the deadline for comments on Issue Paper 41 that deals with its review of matrimonial property law. Issue Paper 41 […]
The Financial Services Tribunal has sharply criticised the FAIS Ombud for not holding an oral hearing during which material disputes of fact could be aired and considered, before making a finding. The tribunal […]
The FSCA has withdrawn a proposed conduct standard for retirement fund investments in hedge funds, saying subsequent events have made the standard unnecessary. The draft standard was published by the erstwhile Financial Services […]
The Minister of Justice and Correctional Services has given private bodies until the end of this year to compile a Promotion of Access to Information Act (PAIA) Manual. The exemption is effective from […]
The SA Revenue Service (Sars) has issued Binding General Ruling 58, which sets out the approvals by the Sars Commissioner when purchasing an annuity at retirement. This follows the withdrawal of General Notice […]
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
The Labour Appeal Court (LAC) has ruled that an employee who worked for four years after he reached retirement age was entitled to severance pay based on his entire period of employment, not […]
The Labour Appeal Court (LAC) has ruled that an employee who worked for four years after he reached retirement age was entitled to severance pay based on his entire period of employment, not […]
The Financial Services Tribunal has dismissed another complaint by a policyholder whose retirement savings were hit – six months before his retirement date – by the Liberty Lifestyle Retirement Annuity Fund’s decision to […]
The National Consumer Tribunal (NCT) has fined Clark Gardner, the chief executive of Summit Financial Partners, R500 000 after finding him guilty of contravening the National Credit Act (NCA). Gardner has something of […]
The Supreme Court of Appeal (SCA) has clarified that the collection costs incurred by a credit provider to enforce a credit agreement do not include legal fees. The appeal was brought by Bayport […]
As the 23 November deadline looms for non-provisional taxpayers, the South African Revenue Service (Sars) warns it has more scope to impose penalties on taxpayers who do not submit their returns on time. […]
The “default” annuity regulations were introduced to encourage the preservation of pension benefits and not to enable retirement funds to duplicate the investments offered by the financial services industry. This was the finding […]
An FSP can institute debarment proceedings against a representative for breaches of contract as long as the contractual breaches also result in a failure to meet the Fit and Proper Requirements or are […]
Pension fund trustees often have a difficult task in determining who is a dependant – and how much of a death benefit should be allocated to each dependant – when a fund member […]
