Compliance Alert 1/22

How to keep a compliant status with the fund and qualify for compliance certificates

FSB has been replaced by FSCA

Please note, effective 1 April 2018 the Financial Services Board (FSB) has been transformed into the Financial Sector Conduct Authority (FSCA). They will be a dedicated market conduct regulator for the South African financial services sector. The contact details remain unchanged  

IRFA 2017 Best Practices Industry Awards

CONTRACT CLEANING NATIONAL PROVIDENT FUND REWARDED FOR EXCELLENCE IN MEMBER COMMUNICATION The Contract Cleaning National Provident Fund was rewarded for excellence in member communication at the Institute for Retirement Funds Africa’s (IRFA) 2017 Best Practices Industry Awards (BPIA) and recognition programme held recently in Durban. The Fund won the Best Practice in-class Trophy for Communication […]

Annuitisation changes effective 1 March 2021

MEMBER COMMUNICATION The new tax rules, regarding the annuitisation of provident funds, will be coming into effect on 1 March 2021. On 28 October 2020, in his Medium Term Budget Policy Speech the Minister of Finance announced new tax rules regarding the annuitisation of provident funds, effective 1 March 2021. These proposals (referred to as […]