Quattro News

September 10, 2024

Protect What Matters Most: The Ultimate Guide to Short-Term Insurance with Quattro Sure

Life is unpredictable. From minor fender benders to unexpected home damages, surprises can come at any time. That’s why having short-term insurance is more than just a smart choice—it’s a necessity.
August 22, 2024

Should I appoint an independent trustee for my trust?

In terms of the Trust Property Control Act 57 of 1988, a trustee can only act on behalf of a trust once authorized by the Master of the High Court. While there is no legislative requirement for the independence of trustees, the Supreme Court of Appeal case Land and Agricultural Bank of South Africa v Parker and Others highlighted the risks of trusts being abused when there is little or no independent oversight of trust assets. As a result, the Court recommended that the Master of the High Court consider the appointment of an independent trustee to ensure a clear separation between the ownership and enjoyment of trust assets. Following the Parker case, a directive issued by the Chief Master of the High Court on 6 March 2017 requires consideration of appointing an independent trustee for new trusts. Although currently only a directive, this could potentially become a legislative requirement for both new and existing trusts. The independent trustee does not need to be a professional but must be qualified and committed to upholding the trust deed and scrutinizing the actions of other trustees. For assistance or queries regarding your trust.
August 19, 2024

Two Pot System

The “two Pot System” will change retirement as we know it. The so called Two Pot System will be implemented on 1 September 2024.  This is the latest change in terms of retirement reform, and perhaps the single biggest change.  This will impact on all individuals who are members of […]
August 19, 2024

What is Gap Cover?

What is Gap Cover? How Does It Work and Why Do You Need It? Gap Cover was created to cover the “gap” between what a Medical Scheme pays and what you are responsible for paying for approved hospital admissions. Depending on what Medical Scheme and Option you are on, your […]
September 10, 2024

Protect What Matters Most: The Ultimate Guide to Short-Term Insurance with Quattro Sure

Life is unpredictable. From minor fender benders to unexpected home damages, surprises can come at any time. That’s why having short-term insurance is more than just a smart choice—it’s a necessity.
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