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When is a beneficiary nomination form valid?
If a person was dependent on the deceased member at the date of death, the trustees are obliged to consider the dependant’s needs vis-à-vis all other dependents. Whether a person is a nominee is an objective, legal question.
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The consequence of rule amendments lacking tax approval
While employer contributions would be tax deductible as an expense incurred in producing income, the same cannot be said about employee contributions.
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Risk benefits and PI Cover
The principles of good governance prescribe that trustees must manage their fund’s risks. It entails their identification, rating regarding probability and impact and any action the trustees will take to manage the risks.