In this newsletter:
Benchtest 02.2015, pension fund death benefits and beneficiary trusts, disposition of trust capital upon death of the beneficiary, technical analysis of the draft FIM Bill regulations and more...
Disposition of capital of deceased beneficiary in beneficiary trust
RFS extended its sponsorship of Namcol achievers into 2015, with prize money totalling N$ 12,000. We would like to extend our sincere congratulations to Ashley van Wyk (best PETE student Yetu Yama) and Frieda Luaanda (best PETE Ongwediva), Kashala Samati (best PETE Otjiwarongo), Fredeick Basco (best PETE Rundu) and Gabriel Celestino (best PETE overall)– well done! With this level of dedication and commitment extended into their future career, these students no doubt will make great strides on their road to the top! Our congratulations of course also extend to Namcol as an organisation, and to its lecturers, for their laudable contribution towards education in Namibia!
RFS staff movements
Only the Tukuneni Capital Fund will be actively seeking investment capital while, we believe, Stimulus will not be raising investment funds at this stage.
Since there are only 3 months left to the extended due date for compliance of 30 June 2015, we suggest that funds should now apply for extension of 6 months from the date on which at least 3 or 4 ‘accessible’ SPV’s and their UIM have been registered.
Click on each of the links to download the forms.
Draft Regulations RF.R
Draft Standards RF.S
Draft General Standards GEN.S
We have prepared a more detailed analysis that will be made available at request.
Read the full article, here...