Quattro News

September 6, 2024

The Daily Forex Market Report

06 September 2024 Good morning   There’s nothing like a bit of hype to keep things interesting right up until the week closes and once again we are being told that today’s US jobs report is the most important labour report of the year.  This time however these claims are […]
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 […]
March 10, 2022

Top 2 Tips to Hassle-Free Claims

  Top 2 Tips to Hassle-Free Claims At Quattro Sure  we are on your side & get your valid claims paid   A common frustration with short term insurance is usually around building insurance where insurers reject claims citing ‘maintenance issues’ or ‘incorrect construction’. As your short term broker, Quattro […]
September 8, 2022

Local is Lekker! Time to travel SA but don’t forget these 5 things

Local is Lekker! Time to travel SA but don’t forget these 5 things When going on holiday or travelling, there may have been a few things that you have forgotten since being on lock-down. The below list is a quick reminder to ensure peace of mind whilst travelling.   If […]
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