Food for Thought

Death Benefits – Clarification on Jurisdiction by the Office of the Pension Funds Adjudicator Section 37C of the Pension Funds Act, 1956 affords the fund a wide discretion to decide on the equitable distribution of a death benefit. In exercising its discretion, the fund is required to inter alia ensure that its decision is supported by a proper investigation of all the relevant facts, all of which must be considered. Where a fund fails to exercise its discretion properly, t

ACTS, REGULATIONS & BILLS COFI BILL UPDATE Currently the focus is on Phase 2 of the COFI Bill transition work which entails the development of a broad set of themed frameworks (Phase1: The initial high-level design of the new framework; Phase 3: focuses on how to transition all instruments under existing sectoral laws to the COFI Bill). FSCA will informally consult on a variety of themed frameworks during the 2025/2026 business year. The FSCA is also in the process of refinin

BACKGROUND   The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions in South Africa. The...

Protecting Possibility with Precision At Optimum Insure Consulting, we don’t just provide insurance - we build strategic protection...

THE CONDUCT OF FINANCIAL INSTITUTIONS BILL   At a high level, The Conduct of Financial Institutions Bill (known as COFI) is an umbrella...

NATIONAL BUDGET MAY 2025 – FINANCIAL SERVICES & RETIREMENT FUNDS On 21 May 2025 Finance Minister Enoch Godongwana delivered his revised...

FCSA Communication 6 of 2025: The calculation of late payment interest by pension funds The FSCA issued Communication 15 of 2023 which...

PHEBO obo TWO MINORS v OLD MUTUAL WEALTH RETIREMENT ANNUITY FUND (PFA) The issue for determination before the Pension Funds Adjudicator...

The Finance Minister Mr. Enoch Godongwana delivered the Budget Speech on the 12 March 2025. Below are some of the important tax...