Retirement funds and death benefits: what options do beneficiaries have?
There is a major difference between pre-retirement and post-retirement funds regarding the nomination and payment of beneficiaries.
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
Read moreThere is a major difference between pre-retirement and post-retirement funds regarding the nomination and payment of beneficiaries.
Preliminary data released by the Council for Medical Schemes highlights key trends in the industry last year.
With reserves reaching R8.8 billion, can members expect that very low contribution increases will automatically follow?
Trusts that have failed to comply with the rules are exposed to penalties and fines.
Alexforbes report also shows that contribution increases have outstripped CPI inflation over the past 22 years.
Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.
Three things to note when it comes to customer due diligence and assessing money laundering and terrorist financing risk.
Lives covered by open schemes declined in 2021 despite the increase in the number of principal members.
Adjudicator said the fund was ‘wrong’ to rely on the fact that the sons were not financial dependants.
There are things former retirement fund members and their beneficiaries can do to make it more likely they will be paid an unclaimed benefit due to them. By the end of last year, […]
The membership of South African medical schemes was resilient during the Covid-19 pandemic despite rising unemployment and the slowdown in economic growth, according to the latest Alexforbes Sustainability Index. Membership of the analysed […]
The Pension Funds Adjudicator (PFA) offended the “principles of natural justice” when it overruled a decision by a pension fund’s board of trustees and awarded a death benefit without giving two people affected […]
The Pension Funds Adjudicator (PFA) offended the “principles of natural justice” when it overruled a decision by a pension fund’s board of trustees and awarded a death benefit without giving two people affected […]
Five medical schemes – including Discovery, the country’s biggest by number of beneficiaries – paid commissions to brokers above the industry average last year, according to the Council for Medical Schemes (CMS) annual […]