Higher inflation: What it means and how to survive it

Inflation in the US, UK and elsewhere has not been this high for decades. What does that mean for investors? American consumers are paying 8.5% more today for everyday goods than a year ago. That’s the highest rate of price increases in more than 40 years. In the UK,...

What to do with your tax refund

The South African Revenue Service recently announced it has paid out a record amount in refunds, with taxpayers receiving a total of R321.1 billion. If you are lucky enough to have been one of the recipients, you may be uncertain of what to do with your windfall,...

Entries open for retirement sector awards

Institute of Retirement Funds Africa opens entry portal for its awards programme Funds within the local sector can now submit entries online for IRFA’s revamped and prestigious Lwela Ukwenza Kahle awards. Translated from isiZulu as “Strive to do Good” the awards...

Section 37C and the allocation of fund death benefits

Introduction In this article we look at the wording of section 37C of the Pension Funds Act No. 24 of 1956 (“the PF Act”) and focus on the impact of the wishes of the deceased as set out in beneficiary nominations. The primary objective of Section 37C of the PF Act...

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