PAYMENT OF DEATH BENEFITS & THE INTRODUCTION OF BENEFICIARY FUNDS
Submitted by anton@antlerfin... on Sun 21 Jun 09
Eugene Taljaard - The Financial Services Laws General Amendment Act No. 22 of 2008 was promulgated in Government Gazette No. 31471 on 30 September 2008 and the relevant provisions came into effect on 1 November 2008. This Act amongst others introduced beneficiary funds, which changed the method of payment of death benefits and removed the trustees' discretion to pay these benefits to trusts.
Attachment | Size |
---|---|
Death Benefits Beneficiary Funds.pdf | 45.42 KB |
Comments
Related News
Summary of 2008 Sanlam Retirement Fund Survey21 July 2008
Eugene Taljaard - Sanlam recently published their annual retirement benefit survey. The annual survey is the product of interviews carried out by an independent market research agency with 200... |
NHI - Breaking to compete rather than building to compete21 June 2022
When a government is outclassed and outgunned by the private sector there are two ways to make themselves more competitive: 1) Build the public sector to close the gap. 2) Break the... |
Capital Disability Benefits29 September 2009
Eugene Taljaard - Capital Disability benefits are normally paid out to a member of a scheme if they are, in the eyes of the underwriter, totally and permanently incapable of carrying out their own... |