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A child born two days before her father’s death has qualified to share in the death benefit on the basis of being a dependant by virtue of being the child of the deceased.
The Financial Services Board (FSB) has published a status update on progress with implementing the proposals of the Retail Distribution Review (RDR).
This time of the year in the wild and wonderful world of compliance, we usually see an influx of draft or issued information letters and requests, directives, board notices and the like from the regulator.
A pension fund must take into account the personal circumstances of beneficiaries when distributing the proceeds of a death benefit, says Pension Funds Adjudicator, Muvhango Lukhaimane.
The strongest deterrent against FSP compliance missteps is or should be: