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FST ruling has ‘far-reaching implications’ for trustees, principal officers, says FSCA
The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.
Read moreThe decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
Any business that fails to report ‘suspicious and unusual transactions’ faces harsh penalties.
It will decide by the end of the month whether to reintroduce the exclusion.
The FSCA has published a conduct standard setting out the conditions for retirement funds to invest in derivatives.
Statistics indicate a rise in income protection claims resulting from diagnoses for mental and behavioural disorders.
About R19 million will be forfeit to the state unless exclusion applications are upheld.
SAIA is concerned about consumers’ perceptions of the insurance industry as covers are removed but premiums increase.
And applications are now open for the second semester.
A ‘high-value goods dealer’ means any business that sells goods with a price tag of R100 000 or more.
The buyer returned the second-hand car to the dealership, which was in a dispute with the person on whose behalf it sold the car.
Some employers have been deducting higher amounts from employees’ salaries while remitting a lower amount to the fund.
The Authority takes regulatory action against JP Markets again.
One of the first steps when advising clients on the pending two-pot changes is to get a clear view of their overall retirement-funding portfolio.
The offences relate to not recording information about beneficial ownership and service providers that are accountable institutions.
An analysis of whether the trading strategy of selling in May and buying back later in the year succeeds.
‘The new process comes down to more detailed and targeted requests for information regarding exit capital.’