Food for Thought

Quarterly newsletter from the FSCA retirement funds supervision division The retirement funds supervision division of the Financial...

The Two Pot Retirement System will be implemented with effect of 1 September 2024. 10% of the member’s Vested Component (member’s current...

THE FINANCIAL SERVICES TRIBUNAL (FST) : In the matter between: Fakazile Anna Khwela, the applicant and Toyota SA Provident Fund; NBC...

Summary :    Financial Services Tribunal (FST) application for reconsideration of a decision of the FSCA where the FSCA declined to...

Mudau v Municipal Employees Pension Fund and others [2023] ZACC 26. The Constitutional Court handed down judgment in the matter of Mudau...

Cabinet has approved the publication of the Draft Marriage Bill of 2022 for public comment. The Bill gives effect to the White Paper on...

National Treasury issued the revised 2023 Draft Revenue Laws Amendment Bill and 2023 Draft Revenue Administration and Pension Laws...

Introduction This update addresses whether an estranged dependant qualifies for the death benefit which accrues due to the death of a...

FSCA: Revised draft Conduct Standard on requirements relating to the provision of a benchmark. Comment is invited on a revised draft...

On 22 February 2023 Finance Minister Enoch Godongwana delivered his budget speech. He noted that the 2023 budget is being tabled in a...

New legislation spells name change for Pension Funds Tribunal. The financial services dispute resolution landscape is being radically...

The so-called two pot system, which was included in the 2022 Draft Revenue Laws Amendment Bill (“the Bill”), was published for public...

An estimated R88.56 billion unclaimed assets are held by financial institutions across the financial sector. For the purposes of this...

The Draft Taxation Laws Amendment Bill, 2022 (“the Bill”) has been published for public comment. The proposed amendments affecting...

2022 Draft Revenues Laws Amendment Bill (Two Pot system) On 29 July 2022, National Treasury released the 2022 Draft RLAB which contains...

Draft Joint Standard on Cybersecurity and Cyber Resilience Requirements The FSCA and the Prudential Authority (PA) (Authorities) have...

Purpose This communication is meant to alert retirement funds and employers regarding arrear contributions by retirement funds and...

The Office of the Pension Funds Adjudicator (“OPFA”) has amended the time-frames for submitting formal responses to PFA complaints. The...

Deduction of damages suffered by an employer because of theft, fraud or dishonest misconduct by a member In terms of section 37D of the...

Aspects of the 2022/2023 budget that impact on retirement funds RETIREMENT FUNDS SUMMARY The proposed Two-Pot System will proceed, with...