Industry Updates
Non-payment of contributions now a criminal offence
Non-payment of contributions now a criminal offence The Financial Services Laws General Amendment Act, 2013, signed into law on 16 January 2014, amends Section 37 of the Pensions Funds Act. From the effective date, yet...
October industry and regulatory update
In this issue of the Joint Forum update, we provide consultants and members of the Joint Forum with information on the following topics: Updated FSB legislation and circulars An overview on the Retirement Fund reform...
Is there a conflict of interest in umbrella funds?
In this Q&A we look at questions raised by Benchmark Symposium attendees about possible conflict of interest between the board of trustees, the administrator and sponsor. Question:
Help employees to a better retirement
Viresh Maharaj, actuary at Sanlam Employee Benefits, gives practical suggestions to employers on how they can help their employees to a better retirement. We feature the article as it appeared in the September edition...
Are umbrella funds’ costing methods fair?
In this month’s issue, we provide answers to some of the many questions raised by attendees during the recent Sanlam Employee Benefits Benchmark Symposium. The matter of fees and costs in umbrella funds, the...
A recent article published in FANews online unpacks some of the debates between David McCarthy, Retirement Policy Specialist: Tax and Financial Sector Policy at Treasury, Bruce Cameron, editor of Personal Finance and...