First edition of the Ombudsman’s Briefcase for 2021Published: Tue, 06 Apr 21 In our first edition of the Ombudsman’s Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave of the coronavirus and with the COVID-19 vaccine being rolled-out. In this edition we look at insurance ...
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POPIA 101Published: Thu, 01 Apr 21 All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects
With the commencement date of the Protection of Personal Information Act 4 of 2013 (POPI) of 1 July 2021 fast approaching, businesses ...
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Local hedge funds industry finding its feet in a regulated environmentPublished: Mon, 08 Mar 21 The South African hedge funds industry ended 2020 with assets under management of R73. 27 billion. Statistics released by the Association for Savings and Investment South Africa (ASISA) show that assets under management increased by R4. Hayden Reinders, convenor of the ASISA Hedge Funds Standing Committee, says this ...
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Treasury further tightens the noose on retirement assets of emigrantsPublished: Wed, 03 Mar 21 The Budget Review 2021 includes a proposal to impose a deemed retirement withdrawal tax on retirement assets of emigrants as an exit tax. The proposal is unclear and has numerous issues.
Data from various sources suggests that around 23 000 South African (SA) tax residents emigrate each year in search of ...
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How the T-Day retirement reforms could affect youPublished: Tue, 16 Feb 21 A number of retirement fund rule reforms will come into effect on 1 March 2021, also known as T-Day. These new rules will not only standardise the way in which benefits can be accessed across different funds at retirement but will also facilitate the phasing out of emigration for purposes of exchange control. The ...
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Introducing our new eNews AppPublished: Wed, 13 Jan 21 Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper that would dynamically reflect and complement our more extensive Insurance Gateway website. The pages are ...
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FOR YOUR EYES ONLY-POPIA ESSENTIALSPublished: Thu, 12 Nov 20 The Protection of Personal Information Act (POPIA) has been in the making for a while, with certain aspects already introduced. It is finally set to come into full effect after President Cyril Ramaphosa said, in June, that the effective date for compliance is 1 July 2021, and most organisations will have much to do ...
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SA retirees don’t want to gamble on their retirement savingsPublished: Mon, 09 Nov 20 New research shows a 25% jump in the number of retirees less willing to take risks with their money for saving or investment
Percentage of respondents who now set goals and are planning for their financial future up by 10% from 2019
Only two fifths are confident that their retirement savings will last ...
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The importance of having a WillPublished: Thu, 29 Oct 20 Drawing up a Will can be a very sensitive and uncomfortable subject but as death is inevitable, it is always better to be prepared. As a legal document expressing your last wishes, a Will may well be the most important document that you will ever sign. And while it is recommended that you use the services of a professional ...
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Wealthy families support the fight against COVID-19Published: Wed, 07 Oct 20 New research from international family office Stonehage Fleming has revealed that the COVID-19 pandemic is leading to a significant shift in the key priorities of many wealthy families. This finding and others is contained in Stonehage Fleming’s report, ‘Four Pillars of Capital: a time for reflection. ...
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Review your will to account for COVID-19, advises JustMoneyPublished: Mon, 05 Oct 20 The COVID-19 pandemic is a timely reminder of the importance of ensuring your personal finances are in order – and a key component of this is an up-to-date will. This legal document, that should take into account the current value of your assets, with instructions on how you wish to allocate them, is particularly ...
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CAN I AFFORD TO DIE?Published: Thu, 01 Oct 20 The Covid-19 pandemic has served as a reminder that death can come at any time, and although it is not a subject we like to think about, there are some important things one should put in place to protect those you will leave behind. Besides the emotional stress your death will bring to your loved ones, without proper ...
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SIMPLIFYING THE RETIREMENT FUND DEATH CLAIMS PROCESSPublished: Tue, 15 Sep 20 By Dolana Conco, Regional Executive at Alexander Forbes
Losing a loved one is one of the most difficult experiences a person can go through, and during this difficult time, you don’t want your loved ones to have to worry about finances.
Your family will receive a share of your retirement ...
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