by Honey-AdminUnclaimed pension and provident fund benefits
31 July 2021 | SR Mokhele Pension and provident Fund are forms of retirement funding. Their main objective is to save money in order to provide a secure and comfortable lifestyle at retirement stage. Pension and Provident Fund are set up by an employer for the benefit of its employees. The objective is to provide pension and provident fund benefits to the members (employees)...
by Honey-AdminThe responsibilities of the financial service providers (FSP) and their representatives
In terms of section 1(1) of the Financial Advisory and Intermediary Services Act, 37 of 2002 (“FAIS Act”), advice means any recommendation, guidance or proposal of a financial nature furnished, by any means or medium, to any client or group of clients: – In respect of the purchase of any financial product; or – In respect of the investment in any financial product; or – On...
by hnydmnKEY PERSON INSURANCE IN FINANCIAL PLANNING
The success of any business depends on certain key personnel, for example Directors, Managers of even technical staff with specialized skills. The premature death, disability or severe illness of any of these persons, can have a detrimental financial effect to the business and endanger the continuation of the business. For specifically this reason, an instrument was created to protect the...by hnydmn