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Pre-retirement withdrawals may cost RA investors dearly, Coronation warns
Withdrawing early effectively means you are borrowing from your future self over a fixed term at your expected rate of return on your RA investment.
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
Read moreWithdrawing early effectively means you are borrowing from your future self over a fixed term at your expected rate of return on your RA investment.
It is expected that scrapping the medical scheme tax credit will be the first measure designed to raise revenue for NHI.
Decision set aside, although the FSP was correct in finding that the representative contravened the General Code of Conduct.
Without an effective Special Tribunal, the Special Investigations Unit must approach the over-burdened High Courts to obtain asset forfeiture orders.
The effective fine of R7 million and other sanctions follow an inspection conducted four years ago.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Rooted in luxury and status, Veblen stocks represent brands where consumers willingly pay a premium, driving profit margins and sustained growth.
The Sanlam Benchmark Survey also shows that more respondents are turning to online sources for product information instead of using a personal adviser.
These programmes are having a significant influence on the way people shop, according to the 2024 Sanlam Benchmark Survey.
Accountable institutions should consider the latest Terror Financing National Risk Assessment when implementing their RMCPs.
Fraudsters are contacting taxpayers who are issued with auto-assessments and impersonating SARS.
Absenteeism costs South Africa R12bn to R16bn annually, with mental health-related ‘presenteeism’ adding an estimated R235bn a year.
Licence withdrawals and suspensions, and licence suspensions that have been lifted.
Members particularly need to understand pre-retirement withdrawals, and the implications of these withdrawals, including tax and liquidity at retirement.
The adviser brought an application for the FAIS Ombud’s determination and the Tribunal chairperson’s decision to be reviewed in terms of PAJA.
The Tribunal finds that the debarment process followed by an insurance brokerage was not lawful or fair.