How the process to make withdrawals from the savings ‘pot’ will work

Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.

CMS’s proposed medical scheme levy for 2023/24

It is markedly higher than the increases over the past three financial years.

Health Squared provisional curatorship extended again

Curator’s answers to members’ questions are available online.

Ombud Council is becoming a reality

The effective functioning of the office will contribute to a fairer deal for all.

Proposal to make it easier and cheaper to wind up retirement funds that decide to go into liquidation

The exemption does away with the R50 000 average-benefit-per-member threshold and caps the membership threshold at 100.

Our webinar will explain your data retention obligations

Holding personal information ‘just in case’ isn’t good enough.

Why BrightRock is phasing out its tied-agent network

The life insurer says the channel was never intended to be a long-term term undertaking.

‘No undue delay’ in bringing civil claim against bank employee linked to R79m fraud

Pension Funds Adjudicator also failed to appreciate the prospect that Absa’s civil claim would succeed, says the tribunal.

KeyHealth fails in bid to revoke agreement with healthcare brokerage

None of the events stipulated for triggering the termination of the agreement had taken place, Supreme Court of Appeal finds.

Fisa calls on banks to focus on bank accounts of clients who have passed away

Practitioners can get authority from the Master’s Office within weeks but battle for months for a response from some of the banks.

Crypto assets as a financial product: what are the exchange control and tax implications?

It’s possible that, at some point, providers of crypto asset services will be required to submit third-party data to Sars.

Funeral insurance – a product for the poor, or is it?

Statistics indicate that 42% of South Africans had funeral cover in 2021, down from 53% in 2019. This is surprising considering that the pandemic increased claims, as well as people’s fear of death, the world over and significantly impacted the funeral insurance market and the claims environment.