As cyber threats intensify globally, South Africa's financial sector is bolstering its defences with Joint Standard 2 of 2024: Cybersecurity and Cyber Resilience Requirements, published by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA)...
ICTS

Watch out for catch phrases and empty promises
ESG, impact investing and sustainability is a recent trend in the South African market that is particularly close to my heart. And I'm concerned that these concepts are not properly understood or being utilised appropriately and therefore are prone to...
Tracing of Unclaimed Benefits – A Comprehensive Overview
The Need for Tracing Unclaimed benefits present a significant financial concern both for individuals and institutions. For individuals, unclaimed benefits could be life changing amounts of money that lie dormant due to lack of claim. For institutions,...
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 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...