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Tag Archives | benefits

funds

Death Benefits – To be a dependant or not?

Section 37C of the Pension Funds Act 24 of 1956 governs the distribution and payment of lump sum benefits payable on the death of a member of a pension fund, provident fund, pension and provident preservation fund and retirement annuity fund. These benefits are informally known as “death benefits”. In one of the recent Financial […]

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Target

Finding Your Niche – Benefits of focused marketing

Having a niche market means that you’re targeting a specific section of your available clients. “A niche is more than just a target market, it’s about positioning yourself and your firm to attract and hold onto clients facing specific challenges – and it’s essential to growing your financial adviser practice”, Hannes van den Berg, CEO […]

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policy

Unclaimed policy benefits – ASISA members using tracing activities to honour claims

ASISA’s members united policyholders, beneficiaries, investors & heirs with unclaimed assets of R8.1bn last year. According to a recent ASISA news release, unclaimed assets of R17.1bn remain, but members will honour claims no matter how long it takes for the legal owners to come forward. Rosemary Lightbody, the senior policy adviser at ASISA, says despite […]

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audit

Compliance audit on credit life insurance policies

Since the publication of the final credit life insurance regulations (the Regulations) that came into effect on 10 August 2017, Moonstone received numerous queries relating to the compliance requirements imposed by the Regulations. In the National Credit Regulator’s (NCR) annual report for the period 2016/2017, both the Minister and the NCR’s Credit Provider Compliance Manager specifically identified […]

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