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For principal officers and trustees, Financial Literacy Month, marked in April this year, provides an opportunity for more than general reflection. It gives us a chance to consider a growing and often underestimated risk factor within beneficiary funds: What happens when a protected minor becomes a financially independent adult?
South Africa's small and medium businesses employ millions of people — yet most of their employees have little or no financial protection when life goes wrong.
Too many South African households are just one lost income away from a financial crisis. A death, disability or serious illness can remove an income overnight while the bills remain.
The strongest deterrent against FSP compliance missteps is or should be: