This quarter’s update covers recent developments and issues to watch: Treasury’s proposals for unclaimed assets, the new 24-hour cyber-reporting regime, an important ruling on dependency, and the end of the transition period for administration agreements....
South Africa’s retirement fund system is often described in the language of actuarial precision, fiduciary duty and regulatory compliance. But pension law has never been purely technical. It governs people at some of life’s most vulnerable moments:...
The Conduct of Financial Institutions Bill (CoFI) has been quite the enigma. It first surfaced in draft form over seven years ago. It's been widely reported that CoFI is going to be enacted this year, but there has not been much public disclosure of the...
FSCA Trustee Toolkit (TTK) The extended period for completion of all 22 modules of the FSCA Trustee Toolkit expired on 30 September 2024. This applied to trustees who were in office for 6 months and longer on 30 September 2024 (newly appointed trustees have...
Two-pot update Pension Funds Amendment Bill signed into law on 21 July 2024 The Pension Funds Amendment Act provides for the following Two-Pot related changes:Amendments to the Post and Telecommunications-related Matters Act, 1958, the Transnet Pension Fund...