Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreThe Council for Medical Schemes (CMS) published Circular 54 of 2015 which contains details of the framework and principles to allow the introduction of Low Cost Benefit Options (LCBOs) within the medical schemes […]
Section 11 of the General Code of Conduct states: `A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be expected to eliminate, […]
The Insurance Institute of South Africa (IISA) recently hosted a forum where the issue of Liability was discussed. One aspect which caught my eye concerned PI cover. While many of us are aware […]
A publication in the Government Gazette, on 21 August 2015, contains a summary of this important piece of legislation which will soon be tabled in the National Assembly. It is essentially, the blueprint for the […]
The latest Annual Report of the Registrar of Pension Funds states that approximately Twenty billion Rand in unclaimed benefits is owed to about 3.5 million beneficiaries. Many funds employ the services of tracing […]
I received a call from a reader last week asking for advice on which of the three proposed adviser models would suit his situation best: independent, multi-tied or tied adviser? Of the 55 […]
TimesLIVE reports that the medical aid scheme’s attempt to reduce the amounts payable for prescribed minimum benefits met with resistance from the SA Private Practitioners’ Forum who claimed that the scheme’s financial statements […]
The Lewis Group indicated that it will refund a total of R69 million in premiums and interest to pensioners and self-employed customers who were sold policies for loss of employment, which would, of course, […]
I am sure that many readers will sing along with this version of the old George and Ira Gershwin classic. The 2015 levy invoices will be mailed by 30 September 2015 and will […]
Professor Willie van der Westhuizen, a renowned expert on the matter of trusts, recently published an informative article on the future of trusts after the publication of the First Interim Report on Estate […]
A broker is not expected to assist a client in determining the value of household items. Providing guidelines, however, will count in your favour should a dispute arise. In May 2015, the Short-term […]
In response to a number of enquiries, we provide some clarification on the content of these important notices. We encourage you to read this in conjunction with the actual documents which are linked […]
Representatives in the short-term industry who move to a new FSP, often take their clients with them. There are very specific legal requirements in this regard, and ignoring it can have a costly […]
We are aware of at least one product provider who offers upfront discounted fees, plus further payments in years 6 and 11 of the plan. Whilst this option contains a number of positive […]
On 18 June, an article titled More debarments end up in court reported on two representatives who turned to the courts after being debarred by their former employer. In an urgent application in […]
The initial idea was for the Level II REs to focus more on product knowledge, with CPD kicking in afterwards to ensure you stay up to date with developments in your chosen fields of […]
