Tribunal upholds JSE’s public censure of Trustco
The company did not inform shareholders timeously of the effects of a change to the terms of a loan.
Author: Moonstone Information Refinery
FSCA urges the public to be vigilant against impersonation scams on social media
Fraudsters are abusing the brands of Ashburton Investments and Moneyweb to reel in the unsuspecting.
How different investment strategies may prevent capital erosion in living annuities
New actuarial modelling shows that most living annuity investors need to consider higher equity exposure, together with lower drawdown rates, to avoid running out of money.
Post-termination medical evidence is relevant when considering a disability claim
The Ombudsman for Long-term Insurance rules that Fedgroup Life must pay an employee’s mental illness claim.
When are levy payments to the FSCA due?
FSPs can expect to receive their assessment notice this month.
South Africans who work with a financial planner are better off, study finds
Clients who are advised by a Certified Financial Planner® professional report the highest level of financial security and well-being.
Two qualifications that will boost your career in financial planning
Applications are open for MBSE’s Advanced Certificate in Financial Planning and Postgraduate Diploma in Financial Planning.
Asisa urges policyholders to explore all options before giving up their risk cover
Statistics for the first half of 2023 show a high number of lapses and surrenders as consumers are squeezed by the cost of living.
Tribunal rules in favour of rep who found out about her debarment from the FSCA
The debarment procedure did not comply with the FAIS Act in a number of ways, the FST finds.
Bestmed and Medihelp announce 2024 contribution increases
South Africa’s ‘Big Five’ medical schemes have published their 2024 contribution increases, and members should prepare to pay significantly more for cover.
Draft amendments on information-sharing between accountable institutions published
Information-sharing must be done in accordance with FICA and POPIA and governed by a written agreement.
Non-financial businesses ‘a key priority area’ for Financial Intelligence Centre
The FIC’s intelligence reports contributed to the recovery of more than R5.8bn in criminal proceeds in 2022/23.
FSCA welcomes decision to uphold revised R20m fine on Markus Jooste
‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.
Global crime index reveals ‘significant expansion’ of financial crimes
South Africa has the seventh-highest criminality score in the world and the third-highest in Africa, according to the Global Organized Crime Index.
Ombud Council publishes new FAIS Ombud Rules for comment
The Rules increase the limit on the compensation the Ombud can award complainants and provide for changes to the Office’s jurisdiction and procedures.
Clash of the titans: medical scheme heavyweights announce 2024 contributions
Discovery Health, Bonitas, and Momentum Solutions say ‘increasing financial pressures’ are the reason for the contribution increases.
Discovery and RAF see latest High Court judgment differently
The High Court has dismissed the administrator’s second attempt to compel the Fund to resume processing medical scheme members’ claims.
