Billions of rands flow out of retirement funds
Billions of rands flow out of retirement funds

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Moonstone Monitor | 12 September 2024
IN THIS WEEK'S ISSUE
Top stories
Regulator pushes for stronger PAIA enforcement amid low compliance by public bodies
R4.1 billion in withdrawals: surge in two-pot claims highlights financial planning challenges
Navigating insurance exclusions: key lessons from the NFO’s rulings
In the news
Court orders employer to disclose bank records in battle over contributions
Ruling highlights need for clear crop insurance policies in the face of climate risks
FSCA and National Treasury urge financial sector to unite on financial education charter
No proposed compromise on NHI is on the table, says Health Minister
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ADVERTORIAL
GTC banner 2023-10-02
Two-pots is here (and in reality, this will be four pots), as opposed to the existing one-pot. How is it looking in your kitchen?

Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

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TOP STORIES
Regulator pushes for stronger PAIA enforcement amid low compliance by public bodies
The Information Regulator’s upcoming guidance note clarifies that direct marketing via phone calls falls under POPIA’s consent requirements.
Top story read button
R4.1 billion in withdrawals: surge in two-pot claims highlights financial planning challenges
The introduction of the two-pot retirement system has triggered a wave of withdrawal applications, prompting concerns over tax liabilities and the need for improved financial education.
Top story read button
Navigating insurance exclusions: key lessons from the NFO’s rulings
Thoroughly reading and understanding insurance policies and exclusion clauses benefits both parties, leading to fairer and more equitable outcomes for everyone involved.
Top story read button
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IN THE NEWS
Court orders employer to disclose bank records in battle over contributions
The Mafube Local Municipality is accused of withholding nearly R38 million in employee retirement fund contributions.
Itn read button
Ruling highlights need for clear crop insurance policies in the face of climate risks
The insurer bears the risk of any uncertainty or inconsistency in policy documents.
Top story read button
FSCA and National Treasury urge financial sector to unite on financial education charter
CEOs and other decision-makers have just under three months to provide input on the Draft South African Financial Education Commitment Charter.
In the news 3 read button
No proposed compromise on NHI is on the table, says Health Minister
The Hospital Association of SA’s proposal for mandatory health insurance aims to shift millions of formally employed citizens to private coverage.
In the news 4 read button
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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Retentions Consultant: King Price Insurance,Pretoria, Gauteng. The purpose of this position is to communicate with clients and managing relationships in order to increase loyalty and retain their business.
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Manager: Fund Administration: GIB Financial Services (Pty) Ltd, Sandton. This position requires an energetic person who is able to work well under pressure and supervise a dynamic team.
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Short-Term Insurance Commercial & Personal Lines Position: Elna Rudman Brokers,Pretoria,Gauteng. A well-established Insurance Brokerage in Pretoria East requires the services of an office based Personal Lines Underwriter.
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Compliance Manager: King Price Insurance,Pretoria, Gauteng. Minimum 3-5 years’ experience in a compliance management position with in-depth knowledge of the non-life insurance industry and applicable legislation (Insurance Act, Short-term Insurance Act, FAIS Act, POPIA).
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Senior Commercial Underwriter & Senior Personal Underwriter for short-term insurance: Prive Financial Services Pty Ltd, Highlands North (JHB). Must be able to provide exceptional customer service and a high level of customer centricity, retention and loyalty by handling all admin functions on a existing clients and new business.
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Short-Term Insurance Commercial Lines Underwriter: Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Commercial Lines Underwriter.
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Short-Term Insurance Personal Lines Underwriter: Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Personal Lines Underwriter.
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Short-Term Insurance Claims Negotiator: Intasure (PTY) Ltd,Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs is looking to recruit a Claims Negotiator.
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Commercial Underwriter (JG 8): Santam,Bellville. Work in this job family stream is concerned with managing commercial risk by providing specialist technical underwriting advice. COE is a highly technical role with strong client focus. The key focus is on underwriting new and existing business to maintain profitability while also creating a platform to aid the growth process.
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Domestic Underwriting: Cooke Fuller Insurance Brokers (Pty) Ltd, Kloof. The ideal candidate should be an assertive, deadline orientated individual with strong administration and good interpersonal skills.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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IN LIGHTER WYN
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Incorrect

 

Big Mac

 

Cold hands

 

Deja vu

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