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How is my RA protected?

Protection against creditors 

The proceeds from a RA are specifically excluded from your estate in terms of legislation to protect your savings against any creditors. Only an amount up to R3000 can be pledged to any creditors. Pension assets are deemed not to form part of the insolvent estate. Pension benefits are deemed not to form part of the assets of the deceased estate. The funds from your RA will be paid to your estate. 

Investment risk 

Regulation 28 of the Pension Funds Act places restrictions on the manner in which the RA fund’s assets may be invested which avoids an investor taking much risk with their retirement investment. 

What if something happens to EasyEquities? 

The EasyEquities RA fund is a legal entity in its own right and has no financial obligation to First World Trader. The liquidation of FWT will not have a direct financial impact on your EasyEquities RA and your EasyEquities RA will not be listed as a creditor of FWT. Your RA will continue to operate as a retirement annuity fund in the event of the liquidation of FWT.

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© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

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