Distributing retirement fund death benefits

Making benefit allocations equitably and fairly AS PER Section 37C of the Pension Funds Act, once trustees have identified dependants of a deceased member, the next step is to allocate the death benefit in a proportion they deem fit.  This article highlights some of the key factors in making this determination. Section 37C grants trustees […]

THE IMPORTANCE OF THE INDEPENDENT TRUSTEE

A well-known court case, Land Bank of South Africa vs. JL Parker and Two Others (the Parker case) irrevocably changed the requirements for independent trustees to be appointed and placed renewed focus on the duties and responsibilities of all trustees. As a result of the Parker case, most Masters of the High Court now require […]

DIE BELANGRIKHEID VAN ‘n ONAFHANKLIKE TRUSTEE

‘n Bekende hofsaak, Land Bank of South Africa vs. JL Parker and Two Others (die Parkersaak) het die vereistes vir aanstelling van onafhanklike trustees onherroeplik verander en het hernude fokus geplaas op die pligte en verantwoordelikhede van alle trustees. As gevolg van die Parkersaak vereis die meeste Meesters van die Hooggeregshof nou dat ‘n onafhanklike […]