ATTORNEYS DO NOT TRY TO INVEST IN THE NEW SECTION 86(4) ACCOUNTS WITH STANDARD BANK

According to the Legal Practice Counsel all banks including Standard Bank have implemented the new attorney investment accounts that replace the old 78 (2A) accounts, and also have the process in place to automatically pay the 5% interest earned over to them. I have been trying to get the bank to convert our attorney investments into the new Section 86(4) as required by the LPC for months now. It appears that Standard Bank has no idea of this change (even though it happened over a year ago) and are unable to convert these accounts. They are also doing the normal bank trick of stating that they have not received the required info from me despite me having sent it over 8 times. I have been dealing with the following persons: Lindiwe Masisi and Rashaad Vally