A settlement facilitated by the FAIS Ombud highlights that full disclosure of product terms does not, on its own, satisfy suitability obligations under the Code of Conduct.
Consumers must understand product terms and ensure documentation accurately reflects agreed guarantees and beneficiaries.
Coronation looks at whether a life or a living annuity is more likely to protect a retiree’s income if we enter a high-inflation environment.
There is a major difference between pre-retirement and post-retirement funds regarding the nomination and payment of beneficiaries.
National Treasury resolves the conflict between the draft legislation and the explanatory memorandum.
Pensioners are sacrificing the certainty of a lifetime guaranteed income in the hope that some capital will remain for a loved one when they die.
A guide to the features of the three components: savings, retirement, and vested.
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 […]
Covid-19 has certainly changed the thinking about life annuities significantly. Guaranteed products fell from grace during the time of positive returns, with living annuities making up the bulk of sales. The strong market […]
