Mark Bechard – Page 12 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

Tribunal repeats its previous ‘recommendation’ that the FAIS Ombud obtain oral and expert evidence to resolve the disputes of fact.

Stringent compliance obligations await if it is, but there’ll be a transitional period for new sectors.

Referring clients to another broker does not constitute advice for the purposes of the FAIS Act.

And how the Financial Services Tribunal assesses whether the fine was appropriate.

It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.

Eight interesting things, including an update on long-standing property syndication complaints.

Therefore, current 8.5% of GDP spent on healthcare resources will be enough to fund NHI, Parliament told.

This follows the High Court’s decision confirming its earlier judgment.

The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.

Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.

High Court weighs witnesses’ testimony to decide whether a husband did, in fact, predecease his wife and beneficiary.

Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?

The hospitality group says the lockdown restrictions discharged it from the liability to pay rent.

Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.

It also clarifies the relationship between the courts’ findings and the reconsideration application.

The exemption does away with the R50 000 average-benefit-per-member threshold and caps the membership threshold at 100.

Pension Funds Adjudicator also failed to appreciate the prospect that Absa’s civil claim would succeed, says the tribunal.