Competition Terms and Conditions

  1. These are the standard terms and conditions for competitions conducted or promoted by or in association with Bridge Fund Managers (Pty) Ltd “Bridge”. Competition specific rules may apply in addition to these standard terms and conditions to supplement these standard terms and conditions. In the event of a conflict between these standard terms and conditions and any competition specific rules, the competition specific rules will apply.
  2. Your entry into the competition and/or your acceptance of a prize (in the event that you win a prize) constitutes your binding acceptance of the terms and conditions.
  3. The competition is not open to;
    1. directors, members, partners, agents, employees or consultants of companies or any supplier of goods or services in connection with a competition; and
    2. the spouse, life partner, business partner or associate, or the natural or adopted parent, child, or sibling, of any of the persons specified in above.
  4. Entrants under the age of 18 must obtain permission from their parents or guardians before entering.
  5. Prize money will be in the form of a monthly debit order of R1,000-00 for the 2019 financial tax year, and will be paid directly into the specific fund account from Bridge Fund Managers.
  6. Please read the ‘Tax-Free Savings Plan Terms & Conditions’ that apply to this investment
  7. It is your responsibility to ensure that your entry is received by us prior to the closure of the competition. Any entries which are not received by us prior to the closure of the competition will not be eligible to participate, regardless of the reason for the late entry. We and our affiliates are not responsible for any entries which are not received by us, whether timeously or at all, regardless of the cause thereof. Without limitation, we and our affiliates are not responsible for any problems or technical malfunction of any telephone network or lines, computer on-line systems, servers, or providers, computer hardware or software failure or malfunction, traffic congestion (whether physical, or on the Internet, telephone lines or at any service provider, web site or other device or medium), or any combination thereof, or any other technical or other problems.
  8. We and our affiliates are not responsible for any injury or damage to your or any other person’s computer, mobile telephone or other device used by you to enter into, or obtain any materials related to, the competition.
  9. It is your responsibility to ensure that any information which you provide to us is accurate, complete and up to date. Should any of the data provided by yourself in connection with this Competition, or any of Bridge’s other Promotional Competitions, prove to be invalid, inaccurate, false or misleading, your entry shall be disregarded and you shall be prohibited from entering any further Competitions for a set period to be determined by Bridge.
  10. We do not make any representations or give any warranties, whether expressly or implicitly, as to a prize, and in particular, but without limitation, make no representations and give no warranty that –
    1. your entry or participation in the competition will necessarily result in you winning a prize;
    2. a prize, or any aspect thereof, will meet your, or, if applicable, your partner’s, requirements, preferences, standards or expectations;
  11. Prizes are not transferable and may not be deferred, changed or exchanged for cash or any other item.
  12. You may not win a prize if it is unlawful for us to supply such a prize to you. If you do win such a prize, you will forfeit it.
  13. You must possess whatever documents and permissions that may be required in order to accept and use the prize.
  14. The winners will be notified by means of the contact details provided to us. If we are, or a third party supplier is, unable to contact a winner within 30 days or if the winner is unable to subscribe for the prize within 60 days, the winner will forfeit the prize and Bridge reserves the right to re-draw a new winner under the same conditions.
  15. We may invite you to be present when the prize winners are determined or announced, to participate in any of our marketing activities, to appear in person in the electronic media and/or the print media, and/or to endorse, promote or advertise any of our goods or services, for which no fee, royalty or other compensation will be payable. You may decline such an invitation.
  16. We may require you to provide us with such additional information and documentation as we may reasonably require in order to process, confirm and facilitate your acceptance and/or use of a prize. If you refuse to provide us with the requested information or documentation, you will forfeit the prize.
  17. For purposes hereof, “affiliate” means our partners, co promoters and sponsors of this competition, our subsidiaries, our and their subsidiaries and respective holding companies, the subsidiaries of their holding companies, and our and their directors, officers, employees, agents and representatives.
  18. These terms and conditions will be construed, interpreted and enforced in accordance with the laws of contract and dispute resolution in the Republic of South Africa
  19. Bridge and the judges’ decision on any matter concerning the competition and/or arising out of these terms and conditions is final and binding on you, and no correspondence will be entered into.

Tax-Free Savings Plan Terms and Conditions

Please make sure you are familiar with the rules of TFSP with specific reference to maximum contributions, switching, redemptions and accounts for minors.

  1. Tax-Free Savings Plan (TFSP) is only available to SA Taxpayers
  2. The annual contribution limit is R33 000 and lifetime contribution limit is R500 000. It is your responsibility not to exceed these limits. If you contribute more than the limit, a tax penalty of 40% of the excess contributed is payable to SARS in respect of the year of assessment in which that excess is so contributed
  3. No instruction will be processed unless all the requirements have been met.
  4. The daily cut-off for receipt of instructions is 14h00.
  5. No transfers to or from another TFSP will be allowed before 1 March 2018.
  6. Please contact Bridge on 0800 117 842 or via email at investments@bridgefm.co.za should you require assistance completing this form.
  7. Please send completed form and supporting documentation to investments@bridgefm.co.za
  8. Fully completed investor instructions including the required supporting documentation must be faxed to +27 (0)31 571 9761 or emailed to investments@bridgefm.co.za before 14h00 to obtain same day value. Bridge will not be responsible for any delays in processing an instruction where information has been omitted or is incomplete. Bridge at its discretion may accept or reject an instruction.
  9. Bridge will not proceed with any transaction if there is any doubt as to the validity of any signatures or if Bridge deem the instruction to be incomplete in any way. An instruction will be deemed complete on receipt of cleared identifiable funds in the correct bank account and all requested information.
  10. It is the instructor’s responsibility to ensure an instruction has been received and processed by Bridge. The instructor may confirm receipt of an instruction by contacting our Communication Centre on +27 (0)800 117 842. A fax confirmation or printed copy of sent email will not constitute proof that Bridge has received any form of communication or instruction from the sender.
  11. The instructor authorises Bridge to accept signed instructions by fax and hereby waives any claim that he / she may have against Bridge and indemnifies Bridge against any loss incurred as a result of Bridge receiving or acting upon such fax.
  12. A separate Unit Trust Redemption form needs to be used for all withdrawal requests. These are available on our website at: www.bridgefm.co.za
  13. The Foreign Account Tax Compliance Act (FATCA) is a new United States (“US”) tax regulation aimed at combating tax evasion of US persons. The objective of FATCA requires non-US financial institutions (foreign financial institutions – “FFI’s”) to identify and report all their US account holders as well as entities under US control and to provide the American Internal Revenue Service (“IRS”) with information on their assets and income.
  14. FATCA requires reporting of client information directly to the IRS or via inter-governmental agreement (“IGA”). The South African Government has entered into an IGA with the US, and as such, all FFI’s will be required to obtain information on US citizens in accordance with IGA from 01 July 2014 and report such information to the South African Revenue Service (“SARS”).
  15. The investor warrants that they understand the rules set by National Treasury and the South African Revenue Services around tax-free savings plans and the consequences of non-adherence to these rules.
  16. Bridge is obliged by law not to accept contributions in excess of the annual and lifetime limits. Bridge does not monitor the contributions you may have with other service providers. Consequently, you undertake to advise Bridge when your aggregate contribution across service providers has reached the annual limit and lifetime limits.
  17. No transfers to any other tax-free investment provider will be allowed before 1 March 2018.
  18. If this tax-free investment is in the name of an investor who is a minor, withdrawals made will only be paid into the account in the name of such minor or the minor’s deceased estate account.
  19. Bridge reserves the right to request additional evidence to identify the source of the investment amount.
  20. Bridge in its sole discretion may choose to close a fund at any given time in order to manage it in accordance with its mandate.
  21. The investor warrants that the investment amount as per page 4 of this application form is obtained from legitimate sources, and that the investor has complied with and will continue to comply with all relevant legislation, including but not limited to money laundering and income tax legislation.
  22. In order to protect ourselves against any fraudulent activity we have implemented clearance periods in which no redemption instructions will be processed. There is a period of 40 days clearance for Once Off withdrawals and Debit Order instructions and a 14 day clearance period is applicable for ordinary purchase instructions.
  23. By giving us your personal information, you give us permission to process your personal information for the purpose of managing your investment account. We may also obtain your personal information from your financial advisor.
  24. By giving us your personal information, you also give us permission to collate, store or disclose it to a third party, such as an administrator who needs your personal information to service your investment account.
  25. Please refer to Disclosure section for details of Administrator.
  26. For more details on how we handle your personal information, refer to Privacy Policy and PAIA manual available on the website.
  27. Disclosures

  28. Bridge Collective Investments (RF) (Pty) Ltd (“Bridge”) have outsourced the administration of the scheme to Maitland Fund Services (Pty) Ltd (“The Administrator”).
  29. Bridge have appointed Societe Generale (Johannesburg Branch) (“Socgen”) as the Trustee of the scheme. Socgen and First National Bank (“FNB”) have jointly been appointed as the Bankers of the Scheme.
  30. Bridge is an ordinary member of Association for Savings and Investment SA (“ASISA”).
  31. Bridge does not provide advice. The investor confirms that no advice was given by Bridge in respect of this application. The investor understands that Bridge will not give advice in the future.
  32. Bridge shall, wherever possible, avoid situations causing conflict of interest. Where it is not possible to avoid such conflict, Bridge shall advise you of such a conflict in writing at the earliest reasonable opportunity and shall mitigate the conflict of interest in accordance with its conflict of interest Management Policy. You may send a blank email with the subject “Conflict of Interest” to the Compliance Officer, should you need a copy of this policy.
  33. To the extent that the total expenses may exceed the income earned in the form of dividends and interest, the affected portfolios will not make a distribution.
  34. Initial Fees • Administration Fees: There is no initial administration fee. • Investment Management Fees: There is no initial investment management fee. • Financial Advisor Initial Fee: If you and your financial advisor agreed to an initial fee (as indicated on the application form), Bridge will deduct the agreed amount from the investment amount before the investment is made.
  35. Annual Fees • Investment Management Fees: Annual investment management fees are levied on the funds. These fees vary per fund and are included in the daily NAV of the fund. These fees are available on the fund fact sheets and the Portfolio Summary Overview and Fees schedule. • Financial Advisor Annual Advice Fee: If you and your financial advisor agreed to an annual fee (as indicated on the application form), Bridge will deduct the fees by selling units from the investment and paying the proceeds to the advisor monthly.
  36. Withdrawal Fees • Bridge does not charge any fees for withdrawal of the tax-free investment.
  37. Other fees • Other fees charged include brokerage fees; uncertified securities tax payable on the acquisition and disposal of the underlying assets in the portfolio; auditor’s fees; bank charges; and Trustee’s and custodian fees.
  38. Unit prices may fluctuate relative to the market value of the underlying securities comprising the fund’s portfolios and increase or decrease accordingly. Where a portfolio comprises international investments, values may fluctuate as a result of movements in the exchange rate.
  39. Unit prices are calculated on a net asset value (NAV) basis. NAV is the net value of all assets in the portfolio including any income accrual and less any permissible deductions from the portfolio. The funds are valued and priced at 15h00 each business day. Forward pricing is used.
  40. Participatory interests will be bought at the NAV price calculated daily.
  41. Participatory interests will be sold at NAV price and paid to the investor in accordance with the requirements of the Collective Investments Schemes Control Act and the relevant trust deed.
  42. Bridge does not provide any guarantee with respect to the capital or the return of a portfolio.
  43. Bridge Global Managed Growth Feeder Fund, Global Equity Income Growth Feeder Fund and Bridge Global Property Income Feeder Fund Invests solely in other portfolios of collective investments schemes, which levy their own charges, and could result in a higher fee structure of these portfolios.
  44. Collective Investments Schemes in Securities (CIS) are generally medium to long-term investments. The value of participatory interests may go down as well as up and past performance is not necessarily a guide to the future. CIS are traded at ruling prices and can engage in borrowing and scrip lending.
  45. The portfolio may borrow up to 10% of its net assets on a temporary basis. Such borrowings are permitted only to meet the portfolios obligations in relation to (i) the administration of the portfolio relating to purchase or sale transactions; and/ or (ii) the redemption or cancellation of participatory interests in the portfolio. Borrowings in relation to (i) above are only permitted for a period of up to 8 calendar days, and 61 calendar days in respect of (ii).
  46. Ring-fencing is a separation and delayed sale of units in a portfolio. Large scales of units in a portfolio above 5% of the fund may cause ring-fencing. This ensures that the sale of a large number of units will not force Bridge to sell the underlying investments at a price in the market, which could have a negative impact on investors. Bridge may delay the payment of proceeds of the sale of units.
  47. A schedule of fees and charges and maximum commissions is available on request from the company / scheme. Commission and incentives may be paid and if so, would be included in overall costs.
  48. Bridge Collective Investments (RF) (Pty) Ltd is committed to supporting the Treating Customers Fairly (‘TCF’) initiative in all our divisions. Please visit our website www.bridgefm.co.za for access to the full TCF Policy document.
  49. Bridge has a written internal complaints resolution procedure that is followed to address complaints that you may have about your investment. Access to the procedure is at all times available at the office of the manager nearest to you. If you are not satisfied with the investment or the services of Bridge, you can write to the Compliance Officer at the address below. Remember to include all your supporting documents. The Compliance Officer will acknowledge the complaint in writing and will inform you of the contact details of the person who should be able to resolve it. If you are not satisfied with the response, or if you have a complaint about the advice given by a financial advisor in respect of this investment, you can seek legal redress in another forum or write to the Ombud for Financial Service Providers.
  50. Complaints should be directed to the compliance officer at the address below. Bridge’s complaints policy is available on request. The contact details are as follows: EMAIL ADDRESS: compliance@bridgefm.co.za POSTAL ADDRESS: PO BOX 3211, Durban, 4000