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Legal audits provide trustees with peace of mind

28 April 2016

In an ever-evolving family trust landscape, complacency and inertia could spell disaster for the best-laid investment and estate planning strategy.

Liberty pays out over R3.5-billion in valid claims

13 April 2016

Liberty, the largest writer of new risk business since 2002 , and the first insurer to publish its Claim Statistics in 2006, has paid out R3.57 billion in valid claims for the 2015 financial year – delivering on its promise and commitment to protect its customers and their families against life’s uncertainties.

South Africans underestimate the need for disability cover

04 April 2016

Serious illnesses like diabetes cause the majority of permanent disabilities – and are becoming more and more common in people younger than 50 according to Hollard Life.

Nominating a minor as a beneficiary on a life insurance policy

23 March 2016

It is trite law that a person can nominate a minor as a beneficiary on a life insurance policy. Remember, the minor will not be regarded as a party to the contract (i.e. the policy) between the policyholder and the insurer. The issue of contractual capacity, which is required for a contract to be considered valid and binding in South Africa, thus doesn’t come into play. Contractual capacity refers to the legal capacity of an individual to enter into valid agreements.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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