Discovery marketing material ‘misleads’ by inviting multiple claims for each new dread disease
The policy’s limitations show there are circumstances in which a policyholder cannot claim for a dread disease related to a prior claim, the ARB says.
Author: Moonstone Information Refinery
FSCA provides an update on progress with the move to COFI
The Authority’s latest three-year Regulation Plan does not specify by when the three-phase transition project will be completed.
CCMA settlement agreement does not invalidate debarment
Tribunal highlights the distinction between the processes that fall under the Labour Relations Act and the FAIS Act.
Performance tool for IFAs in retail investment sector
Alexforbes’ recently launched Retail Manager Watch surveys provide a detailed analysis of the retail multi-asset class investment landscape.
Impersonation fraud skyrockets by 337%, targeting financial sector
Santam’s Jerry Chetty reports a troubling trend where fraudsters use social engineering to obtain policyholder information.
AI’s energy appetite to spark global capacity expansion
The increased use of AI will demand a major build-out of data centres and greatly increase electricity consumption.
Changes to aspects of FAIS Ombud’s approach to handling complaints
The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
Empowering small businesses: overcoming challenges with education and skills
Moonstone Business School of Excellence’s courses equip entrepreneurs with the essential knowledge and tools to navigate the complexities of running a business.
FSCA releases list of licensed crypto asset service providers
Not meeting the operational ability and competency requirements are the main reasons the Authority rejected licence applications.
Exiting the grey list before June 2025 is unlikely, says Treasury
The FATF did not discuss removing SA from the grey list but focused on the progress the country has made in addressing the 22 Action Items.
Authority highlights regulatory focus areas in 2024
FSCA pinpoints lack of oversight by KIs, FICA non-compliance, and unauthorised copy trading and funeral insurance business.
Scammers at work … from VAT fraud to fake invoices
Lieutenant General Godfrey Lebeya details the cases involving financial crimes investigated by the Hawks.
Property fire claims: how business owners can protect their premises this winter
Paying for fire damage without insurance can be financially devastating for both individuals and businesses.
Extended deadline for the submission of PAIA reports
The heads of private bodies, information officers, or deputy information officers must be registered with the Information Regulator to submit a report.
FSCA to act to recover R495m in fines owed by Jooste
Authority releases report on fines, debarments, investigations, and licence suspensions and withdrawals in 2023/24.
Life insurers with the most and least complaints to the ombud in 2023
There was a further decline in cases that were resolved wholly or partially in favour of the complainants.
Complaints to the life insurance ombud return to pre-Covid levels
There were fewer complaints about funeral benefits in 2023, while complaints about life benefits continued to rise.
