The Protection of Personal Information Act, 2013 (“POPIA”) gives effect to the right to privacy as set out in the Constitution. It provides the regulatory framework within which organisations may process personal information thereby giving individuals control over how...
Legal
Legal update for retirement funds
Leanne van Wyk, Director,ICTS Legal Services (Pty) LtdRules can’t be applied before they are registered - the Mudau Constitutional Court case The FSCA’s revamped Trustee Training Toolkit e-learning platform Upcoming changes for unclaimed death benefits - draft...
What is happening with the two-pot system?
Leanne van Wyk, Director,ICTS Legal Services (Pty) LtdIt is a risky undertaking to write an update on two-pot now (2 November), as it is in a state of flux. Let’s see if I am proved right or wrong when this edition of Pensions World is published. Recent developments...
The impact of impaired decision making ability on legal capacity
Lize de la Harpe, Legal Advisor, Glacier by SanlamNo person is by nature able to act on behalf of another - he or she must have the necessary authority to do so. This authorisation is commonly given in the form of a power of attorney, which is a formal document by...
Blockchain makes crypto asset transactions transparent and traceable
Lerato Lamola-Oguntoye, Associate Director & Analisa Ndebele, Associate at Webber WentzelThe popularity of cryptocurrencies stems from the fact that trading takes place in an anonymous environment where individuals may use pseudonyms and do not interact face to...
South Africa strengthens financial crime prevention
Sameer Kumandan, Managing Director, SearchWorks Following South Africa’s financial greylisting by the Financial Action Task Force (FATF), the global financial crime watchdog, for not fully complying with international standards around the prevention of money...
The basics of the two-pot system proposals
The basics of thetwo-pot systemproposals Leanne van Wyk, ICTS Legal Services (Pty) LtdNicci van Vuuren, Webber WentzelWhy the two-pot system?The two-pot system allows retirement fund members to access up to one-third of their ongoing retirement fund contributions once...
Protecting members’ interests
Belinda Sullivan,Head of Corporate Consulting Strategy, Alexforbes Members of retirement funds have different needs, time horizons and options available to them to target their specific outcomes throughout their journey to and into retirement. Achieving a reasonable...
A POPIA perspective on the Financial Intelligence Centre’s Directive
Prineil Padayachy, Senior Associate & Peter Grealy, Partner at Webber WentzelA POPIA perspectiveon the FinancialIntelligence Centre'sDirective 8The Financial Intelligence Centre (FIC) recently published Directive 8 of 2023: Screening of employees for competence...
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